Hillary Klumpp
HELOC Guidance Needed
12 March 2024 | 13 replies
Can someone please provide advice as to where I should start my search for an institution to provide my HELOC?
Keith Mintz
How do you attract travel nurses?
13 March 2024 | 11 replies
There are travel nurse agencies like Aya Healthcare who provide housing for their nurses, but many nurses in my experience are looking for their own housing on the listing sites and Facebook.On the property side of things, like Eliott said, you need a space that is attractive to nurses.
Benjamin Carver
Different Ways to House Hack
14 March 2024 | 7 replies
Let's delve a bit more into each of the methods you've highlighted:Traditional Plexes:Pros: Provides a clear separation of living spaces.
Tiffany Tan
Help with owner-occupied duplex tax filing
12 March 2024 | 7 replies
2) The costs above should be split per the breakdown you provided (50/50) as it relates to the property in its entirety.
Isaiah Thelwell
Seasoning periods for Refinance?
14 March 2024 | 18 replies
My question is: can you reccomend a lender that provides a rate and term DSCR refinance with no seasoning requirement?
Amy Biddle
Establishing the entity and tax plan before I purchase
11 March 2024 | 3 replies
Also, I won't have access to my IRA funds to invest with in that case.I also don't know about using entities for properties - liability protection, and tax savings.Do you use entities inside of SDIRA?
Mak K.
Experience with Renting to Home Health Patients
12 March 2024 | 1 reply
Pros:Stable Income: These facilities often sign longer leases, providing landlords with a more stable and predictable income compared to traditional residential rentals.Higher Rent Potential: Because these facilities generate income through the services they provide, landlords might negotiate a higher rent than standard residential properties, reflecting the commercial nature of the tenant's business.Lower Tenant Turnover: Residential assisted living facilities tend to have lower turnover rates, reducing the frequency of vacancies and the costs associated with finding new tenants.Social Contribution: By renting such facilities, landlords contribute to addressing the growing demand for assisted living and support services, positively impacting their community.Property Maintenance: Tenants in this sector often maintain the property well to comply with regulations and ensure a comfortable living environment for their clients, potentially reducing wear and tear.Cons:Regulatory and Compliance Issues: Facilities must adhere to strict regulatory and compliance standards, which can involve the landlord in complex legal and zoning issues.Higher Insurance Costs: The nature of the business might require additional insurance coverage, potentially increasing costs for landlords if they are responsible for carrying this insurance.Modifications and Upgrades: Meeting the specific needs of an assisted living facility may require significant property modifications and upgrades, which can be costly.Market Limitations: Should the lease end or the facility close, the specialized modifications made to the property might limit the market for future tenants, potentially requiring substantial investment to revert the property for standard residential use.Operational Oversight: Landlords might need to monitor the facility's operations more closely to ensure compliance with lease terms and local regulations, requiring more hands-on involvement than traditional rentals.
Anthony Freeman
Three replacement properties
13 March 2024 | 5 replies
We can provide you with the contact information for three exchange agents who are known for being easy to work with and highly knowledgeable.If there is an existing mortgage debt on the relinquished property, it's important to consider how it will be handled during the exchange.
Kesha Hamilton
Suggestions needed for use of furnished 8-bedroom property
12 March 2024 | 3 replies
You're just providing a place for them to lay their heads.
Brandon McLean
The 15 Essential Items Every Short Term Rental MUST HAVE
14 March 2024 | 35 replies
I do provide disposables for those who don't want to wash dishes.