Aldo Balatti
Anyone Doing Long Distance Short Term Rental Successfully?
25 March 2024 | 52 replies
Our pm rates vary based on the level of involvement that our host clients want to have.
Joseff Stevenson
House Hacking? - Property Manager with $200k+ in Student Loan Debt
26 March 2024 | 22 replies
I know it may be hard with a wedding upcoming but try to keep your credit cards at or below a 30% utilization rate.
Vlad Selsky
clarification on 45-day replacement property
25 March 2024 | 3 replies
There are some clever and legal ways to navigate your way to a lower-than-market-rate rent, but you should speak with a QI or CPA before doing so.
Steven Barr
Can’t find profitable fix and flip
24 March 2024 | 27 replies
BRRRR folks are not appreciating the higher interest rates as well.
Bobby Eastman
Why won't commercial lenders work with out of state buyers?
25 March 2024 | 10 replies
I did find one that would do the deal later but with the interest rate(9%) he was offering it made the deal unattractive.
Robert Calabro
Mid-term rental deposit, application fee, & rent collection
25 March 2024 | 23 replies
I have a prospective contractor who scoffed at my 1.5x the rental rate for the SD when it was a 12 month lease and was also concerned about signing a 12 month lease in case their contract ended earlier.
Sole Angel
How to know a real lender?
25 March 2024 | 6 replies
Rates should be close, origination fees should be close.
Na Meriel
Complex property transfer to LLC with private mortgage; do I need a title company
21 March 2024 | 4 replies
He lived in it for 3 years while attending college, and now I am considering transferring it into an LLC.
Hoa Nguyen
What criteria do Hard Money Lenders look at?
25 March 2024 | 7 replies
Here is how most work:•Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
Gary Garrett
Hiring where to start?
25 March 2024 | 11 replies
Research The wage rates for the positions you want to hire, in your area.