Michael Trocchia
99% of lenders CANT give you a straight answer
28 January 2024 | 3 replies
You should always be able to get a straight answer - but its going to depend on the loan product type - conventional with hard hard and set rules, Non-QM/DSCR these are likely going to differentiate in some ways (including this area) among lenders, so it can be different by lender.Some DSCR Lenders for example are OK with Short Term Rentals which obviously wont have a lease (but may require other documentation like a listing or history).
Stefan D.
Looking for CPA for Tax Preperation
30 January 2024 | 7 replies
We as a firm have investors working with us who have short term rental properties all over the US for example big and small, and they are doing the "short term rental loophole" .Finding a real estate-focused tax professional and one who can help with advisory and grow with you would be my suggestion to focus your efforts on finding.
Jack Lander
Who needs help getting started with wholesaling ?
30 January 2024 | 37 replies
The property appraiser/assessor is the cheapest resource to find the owners of a property.When you pull the county on the site I listed above you can go to the property appraiser and click on “go to data online”it should take you to search page, where you will type in the address.whej you get the property, it should pull up the owner, mailing address and subject property address.also, it should list the sales history and chain of title, where it should mention who they bought it from and how much they bought it for.this ought to help you understand what you have to work with.for example, the last real sale on the picture listed was in 2008 for 325k, so unless there was additional money borrowed on the property, there ought to be some equity.
Rahul Ram
Looking to kick off my first rental property in CA
31 January 2024 | 11 replies
For example I am LP in a fund that is very diversified (storage units, MF, Mobile homes, etc), a fund that specializes in taking garages and converting them to ADUs in MF, and a fund that includes a marijuana cultivation and retail store in NM.
Michael Campbell
Partnering on first deal
30 January 2024 | 5 replies
By way of example, two individuals who both have strong construction backgrounds but lack the balance sheet will generally not result in a successful partnership.
Nadia Daggett
Strategies for associations changing frequency requirements on STR
29 January 2024 | 4 replies
These typically last 3 to 4 months - midterm stays.
Haim Halfon
Flips in Cleveland
29 January 2024 | 10 replies
Point of sale is good for flippers because your buyer base doesn't typically have the resources to assume any point of sale violations and make the escrow payment etc....So you taking care of all that is a big opportunity.
Chris Logan
Looking for some Clarification.
30 January 2024 | 5 replies
They are wrong, unless you operate your AirBnB more hotel-like, for example provide daily maid services - which is not that common.
Adam Eldaoushy
19 Year-Old College Student Looking to Build Up Knowledge
30 January 2024 | 1 reply
There are quite a few FREE resources here on the site you take advantage of, under the LEARN tab for example.
Michael Hardler
Real Estate By The Numbers - Question on application
29 January 2024 | 0 replies
For example: I have a 5 year ARM at 5.5% interest on a 243k mortgage that can adjust after that period, but my plan is to hopefully transition to a 30 year fixed rate before the adjustment occurs - so we can avoid that complexity.