Jon Martin
Do guests even use dressers?
5 March 2024 | 27 replies
But from a design perspective it looks much better and if you get more bookings from that fact alone, dressers are worth it!
David Maldonado
HELOCS for Properties with both an ADU and a JADU
4 March 2024 | 3 replies
These lenders often have more experience and flexibility with properties that include ADUs and JADUs.Community Banks and Credit Unions: Local community banks and credit unions may be more willing to work with you, especially if they have a better understanding of the local real estate market and the value ADUs and JADUs bring to a property.Mortgage Brokers: A mortgage broker may have access to a wider range of lending options and could help you find a lender willing to consider your property.
Andris Linauts
Richmond VA 1% Rule?
4 March 2024 | 11 replies
@Andris Linauts I'm finding 1% or better, off-market BRRRR deals (I don't bother with MLS- if it's public info I'm generally not interested).
Andreas Mueller
Mortgage Market in Disarray
5 March 2024 | 4 replies
A LOT of distrress is leading to mergers and firings, in just the last few weeks, this happened: (Big credit to @NewsLambert)Lower to acquire Universal Lending retail and wholesale operations (11/1/23)Trustar Mortgage acquired by Archer Mortgage, LLC (11/1/23)People’s Bank of Commerce to exit residential mortgage lending (10/27/23)BMO Bank cutting 228 jobs in Northern California (10/25/23)Homestar Financial to wind down operations (10/25/23)City National Bank layoffs in Los Angeles total 71 (10/23/23)Hometown Lenders layoffs (10/12/23)First Savings Bank to lay off 135 mortgage workers (10/4/23)Wesley Mortgage absorbs competitor Colten Mortgage (10/4/23)Cenlar to lay off 85 in Ewing, NJ (10/2/23)Rithm Capital to acquire Computershare Mortgage Services Inc. (10/2/23)Wells Fargo cut 525 jobs in South Carolina (9/28/23)Better Mortgage lays off additional employees (9/22/23)The Graystone Company has acquired Direct Mortgage (9/13/23)Flyhomes to purchase certain assets of Home Sale Assured (9/13/23)Divvy Homes to cut 95 jobs in San Francisco (9/11/23)Farmers-Merchants Bank to sell three branches to focus on core mortgage business (9/11/23)It goes on…..The mortgage industry is in a starkly deep recession.And RIP refinances, unless you are holding an even higher interest rate loan (like a construction/bridge loan or hard money, or perhaps you just fixed your credit.
Corbin Wright
What is your opinion on using The Offer Sheet to find a property?
5 March 2024 | 8 replies
There are thousands of locations that make a great place for a STR, but if you can make it personal not only do I believe a self-managed STR performs better, but it helps with analysis paralysis.Also, if you need help running numbers, we offer that complementary to anyone, so feel free to reach out!
Christian M.
Seeking advice on how to choose a good property management company
4 March 2024 | 8 replies
This also leads owners to ASSUME simpler is better when it comes to management contracts.
Robert Phillips
Plumbing question about leaking that may be originating from your unit in a multi
4 March 2024 | 3 replies
The sooner you act the better
Rich Hupper
Understanding Americas debt
4 March 2024 | 4 replies
I wish this stuff was taught in school so people could understand it better and make better choices in who represents them.
Kevin S.
Townhome vs SFH?
4 March 2024 | 11 replies
Since townhomes and condos can be less expensive they sometimes can cashflow a little better than SFH in year one, but over time the SFH appreciation in value and appreciation in rent growth can turn into better cash flow and more equity in the long run.
Chris Thomas
Options to partner with investor
4 March 2024 | 3 replies
If this will be an equity partner, an LLC may be the better option.