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4 October 2024 | 12 replies
The rule I was told from the planning folks is at least 0.25 miles from existing STR and at least 250ft from nearest residence.
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9 October 2024 | 21 replies
Lenders are lining up to provide down payment, “gap” financing, and earnest money deposit financing so that they, with no experience, no capital, and no knowledge can purchase a property they incorrectly analyzed as a good purchase, for “nothing” down.I agree with all but number 8, which requires some explanation.I am personally aware of a half dozen mentors/gurus that have made substantial amounts of money buying and selling real estate.
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8 October 2024 | 10 replies
A cash out refi prior to 2022 had mortgage payment almost half of what it would be today.
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6 October 2024 | 15 replies
When I sent a firm message demanding an answer the property manager completely freaked out and called me half crying about how she’s working to leave the company and some huge sob story that was totally unprofessional to ever tell a customer.
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7 October 2024 | 7 replies
For your wife to qualify as a real estate professional (REPS), she must spend more than 750 hours and over half of her working time on real estate activities, not just 150+ hours.
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5 October 2024 | 1 reply
., daily vs. monthly compounding).Bi-Weekly Payments: Paying bi-weekly effectively means you're making one extra payment each year (26 half-payments vs. 12 full payments).
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7 October 2024 | 16 replies
There are so many forum posts from investors who buy a random property thousands of miles away based on recommendations from people they don't know and unrealistic spreadsheet math, get crushed by capex, and give up.
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3 October 2024 | 7 replies
You may also purchase another home using FHA financing as long as you are outside the 100 mile radius rule.
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7 October 2024 | 35 replies
I did all the work and I had to pay half of the first rent for it.
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4 October 2024 | 16 replies
"Hey, you are doing a really good job and this is a really good idea to invest in Section 8 1,000 miles away with limited capital and no experience.