3 April 2019 | 15 replies
It's more common because there's a lot of houses in Tampa that are <800sf 2 bedrooms / 1 bathrooms and that's not suitable to families anymore.
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3 December 2018 | 7 replies
Here's what you need to know (this was taken directly from the Fannie Mae selling guide):The basic "Second Home" Requirements are:must be occupied by the borrower for some portion of the yearis restricted to one-unit dwellingsmust be suitable for year-round occupancythe borrower must have exclusive control over the propertymust not be rental property or a timeshare arrangementcannot be subject to any agreements that give a management firm control over the occupancy of the property***If the lender identifies rental income from the property, the loan is eligible for delivery as a second home as long as the income is not used for qualifying purposes, and all other requirements for second homes are met (including the occupancy requirement above).So as long as you can fit the second home into those points above, you can acquire financing for a 2nd home.HOWEVER (and this is a big however) there are these things called OVERLAYS.
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29 November 2018 | 15 replies
I am thankful for the platform and look forward to networking with the BP community!
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24 March 2019 | 32 replies
Quickbooks is an excellent platform for producing property financials, but unfortunately it doesn’t have the capability to provide what you are looking for.What you are requesting is reserved in the more “elite” property management software tools, for example, Yardi Investment Management.
29 November 2018 | 5 replies
Not saying you should suddenly distrust the entire platform, but just know there are no checks and balances.
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19 December 2018 | 14 replies
Every market is different, so I wouldn't rely on someone else's conversion statistics.Facebook/Instagram ads is a good platform once you learn how to use it.
7 December 2018 | 15 replies
@Christopher Eckerdt have you considered investing in REITs or through online real estate investing platforms?
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3 December 2018 | 2 replies
Kate, the online rating platforms and "big Box" insurance companies are not a great fit for out of state Landlords for many reasons.In regards to finding a TX agent to help you, keep in mind that an agent needs to be licensed in the state that your rental is located.
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4 December 2018 | 7 replies
Best of luck and feel free to PM me via the BP platform if you have any additional questions or looking for someone to produce construction drawings.
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12 December 2018 | 13 replies
It comes with a chat platform that lets me message tenants and receive replies much faster than email.