Account Closed
Offering services to medium-term rental owners--general tips & local market questions
25 April 2024 | 10 replies
Hi Linda - your services make a lot of sense for someone who is trying to go the MTR route, however if they are just now buying a house in today's dollars and rates, and setting it up as a MTR, it may be hard to substantiate a few thousand dollars to pay a third party to do the set-up after they just spend tens of thousands, or potentially hundreds of thousands on a house DP in Raleigh + furniture.I think the fundamentals work for someone who's owned it a while, has made great cash flow, and who has been thinking about converting from LTR to MTR, and just doesn't want the hassle of set-up and marketing but wants the returns.
Britt Taylor
My First fix & flip
25 April 2024 | 0 replies
Purchase price: $180,000 Cash invested: $40,000 Sale price: $299,0004 family flat, 3 units occupied rents all at $625.00 increased all to $750 with 3 month,6 month,12 month and month to month options.
Russell Payne
Short Term Rental Vs. Long Term Rental
25 April 2024 | 93 replies
PM could do the same, but they can eat up your cash flow.
Jared McCain
6 Unit Townhouse in Monticello, AR. Fix and flip
25 April 2024 | 0 replies
I would've liked to hold onto it for the cash flow and to use the equity to purchase other properties but my wife and I sold it and got divorced shortly after.
Adam Taylor
Selling vs. Keeping as a Rental
25 April 2024 | 1 reply
Deciding whether to sell or rent out your home hinges on financial factors like immediate cash needs versus long-term income goals, alongside market conditions in your area—favorable for selling if it's a seller's market or for renting if there's high demand for rentals.
James Martin
Memphis Newly Renovated Rental Property!
25 April 2024 | 1 reply
Purchase price: $60,000 Cash invested: $65,000 This house was tenant occupied and burned down during the winter storm in Memphis, TN.
Dom Nico
Tax and other implications of land trade
25 April 2024 | 4 replies
A 1031 exchange can be a good option because although there is no cash involved in the deal, you would still recognize a gain based on the fair market value of the properties being received over the basis of the property you're giving up (if it's a gain).
Cody Flicek
Young investor seeking the wisdom of others
25 April 2024 | 7 replies
I’ve had both multi and sfh, I’ve found sf to be less headaches and better cash flow.
David Griffin
Local Credit Unions and conventional lenders
24 April 2024 | 3 replies
It is easier to buy a home in a price range of $100K+ range that either has enough equity after renovations or appreciation to pull out a LOC or cash to use for the down payments or to purchase "All cash" for those deals under $75K.problem with low loan amounts is you will be maxed at 75% LTV and doing a cash out refinance on a $50K home is going impossible due to most lenders having a minimum loan amount.