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1 February 2024 | 3 replies
@Glen Wiley - what other forms of insurance do you typically get for your rental properties or does the LL insurance policy cover everything you need?
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1 February 2024 | 3 replies
I'm curious what others have done and what is the typical sequence of events in this situation.I'm in the middle of a 6 month lease with it ending this summer.
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1 February 2024 | 13 replies
Their understanding of real estate is typically limited to what some youtube influencer has said on the subject.
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1 February 2024 | 4 replies
@Anthony Zotto Rates are typically higher for investment loans.
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1 February 2024 | 4 replies
Typically, if the house is owned by an LLC, the proceeds from sale (check or wire, commonly wire) should be going into the LLC bank account.I am not a CPA, so please confirm any of this with your CPA, but most (if not all) sole member LLCs are disregarded entities, so from from a tax perspective it is irrelevant.
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2 February 2024 | 5 replies
Typically they know that they left it dirty and they figure they are either going to pay you to clean or they would have to go thru the hassle of cleaning it themselves or find someone to clean it and this way they didn't have to be out earlier to get it cleaned.
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3 February 2024 | 11 replies
This supersedes the typical pre-approval letter and again taking cash out of the current home can help offer another aggressive step in a larger Earnest money deposit.She can use a bridge loan, Cash out refinance , Heloc, or Heloan (2nd to avoid touching a low first rate).
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2 February 2024 | 6 replies
@Michael Nelson a refinance is an exit in a similar way that a sale would be and typically your note with your HML would stipulate that upon any sort of "exit" where another lender takes 1st position and owns the note or a seller buys it that they would need to be paid in full as the current 1st position lien holder.
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2 February 2024 | 4 replies
I own 4 rental properties and operate a few airbnbs.
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1 February 2024 | 13 replies
Perhaps offer a rent concession for the 5 days the home was not habitable but even that is a slippery slope given they are a STR operator and the home could go weeks without occupancy and that in itself could be the reason why items such as frozen pipes occur.