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15 July 2024 | 17 replies
I work full-time as a CPA audit manager at a Big 4 public accounting firm, and in my free time I would love to help and learn from an experienced investor with strategies similar to what I’m interested in (appreciation, single family (potential multi family), mid-term rental (potential short-term)).Open to any advice as well on how to make my first leap into actual investing!
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17 July 2024 | 9 replies
All of those are "part of doing business". 3 years, 7 Airbnbs and hundreds of guests later I'm still a proud host and a big fan of the mid-term / short-term model!
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18 July 2024 | 9 replies
Those costs factor into the investment and I think technology is going to go a long way in reducing the costs for vendors, lowering the costs for buyers and helping Roofstock bring about a better experience for the investor.
15 July 2024 | 4 replies
They also don't factor in how long properties are sitting vacant at that price and also don't factor in how long tenants stay at that price.
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17 July 2024 | 20 replies
How do you estimate just how many residents will stay long term vs. decide to leave or perhaps pass away during their stay?
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17 July 2024 | 32 replies
In this case, rates don't matter as much as lower closing costs, since it would be short-term.
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15 July 2024 | 8 replies
Need a new roof in a 3-5 years, you probably want to be pretty liquid (year long CD, Money Market, maybe very short term bond fund etc) for those funds.On a condo board 15 years ago, I was once able to get us into some nice CD's a decade ago that laddered with the useful life of components.
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17 July 2024 | 5 replies
Best bet is to contact your trusted lender or other financial institutions to compare offers to find the best interest rates and terms that suit your investment strategy.
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15 July 2024 | 1 reply
The house currently rents for $1450/month, we have long-term tenants, and we use a management company.
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15 July 2024 | 5 replies
If you're looking to invest long term and build a portfolio, I'd recommend going with a 2-4 unit and take advantage of the VA financing.