Andrew Steffens
Any experience including Golf Carts?
7 July 2024 | 14 replies
We had someone get a ticket and pulled the carts for the rentals, probably cost us between 5-10% of total revenue but it was more important for us to keep our carts than not have them for an extended period.$2 mm house or not you will have headaches with carts regardless and in our experience it's just not worth the hassle.my recommendation is work a deal with a local place you can refer them to and get a small referral fee from.
Rey Jaj
Advice Needed on Lease Renewal and Utility Inclusion
7 July 2024 | 6 replies
Including utilities in the monthly rent is more likely to cost you and create problems.
Collin Hays
A quick reminder about insurance for your vacation rental
3 July 2024 | 5 replies
Folks tend to far underestimate the cost, and length of time, that it takes to rebuild from a disaster such as this.
Zaid A.
Financing paid off properties ?
8 July 2024 | 9 replies
If rates DO come down in the future you can consider refinancing, but don't forget there are costs associated with that as well.
Lexi Teifke
Apartment Locator in Austin
6 July 2024 | 14 replies
For example, Crestview Commons is offering 150% and 1 and half month free rent.
Jennifer Patton
Trouble finding a loan
4 July 2024 | 2 replies
Well a few days ago, someone got it the day before I had my consultant scheduled to evaluate it.
Joel Oh
I am hearing STR doesn't count toward REPS status.
9 July 2024 | 29 replies
It’s my understanding it’s very hard to meet reps status working a w2Also I believe once you get above $150k basically you lose any benefits of reps status I think I will be able to qualify for the STR re status if I run the cost segregation when I purchase the house.
Giordano Rodriguez
Any experience with VA Construction Loan
7 July 2024 | 11 replies
VA construction aka One Time Close is a great program to buy and build on a home.Keep in mind that some of the construction costs would need to be paid prior to closing.
Chad Thompson
Deal or No Deal..??
6 July 2024 | 2 replies
After closing cost I’ll be at 250k. built in 2017. 2600.00 MO income. rents can be raised some not much right now. 80% LTV I’ll be out of pocket 54,000.
Brandon Bell
How can I make 3.875% fixed-rate cash flow?
7 July 2024 | 10 replies
Also, feel free to reach out directly if you have any other questions or would like to discuss anything.