Nick Allen
Tips for processes and software for minimizing work involved in self-managing rentals
5 June 2024 | 3 replies
For example, if the cost of your time to self manage is $50/hour but you have something else you can do that's valued at $100/hour, you should hire someone else to manage for you.
Mark Proctor
Should I include a gym membership with my Airbnb?
3 June 2024 | 18 replies
Differentiating to increase occupancy or highlight the value offered doesn't need to cost money.
John Smith
Best Way to Pull Equity Out of Cash Deal - Cash Out Refi, Delayed Finance, DSCR, etc?
5 June 2024 | 2 replies
There's < 2 months of seasoning for the purchase, cash into the deal is ~$975k w/o rehab (minimal planned so far - turnkey), purchased the property for 35-40% below assessed value, 825+ FICO, and would optimally like to pull out $975K-$1.15M of equity.Main scenarios we've thought of to accomplish this are: 1) structure sale of property from SMLLC to self and secure 30-year new purchase financing on deal (unsure if legal and tax implications if above initial cost basis)2) delayed financing (LTV restrictions a concern)3) cash out refi (seasoning concerns)4) DSCR (seasoning and rate competitiveness concerns)5) one of the above plus a HELOC, personal loan, etc.?
Angelo Proto
Investing in STRs
4 June 2024 | 23 replies
First and foremost offsetting w-2 income will only or mostly come from cost seg and bonus depreciation which currently is at 60%.
Sam Chan
LLC for airbnb
4 June 2024 | 4 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.
Logan Vance
Looking to purchase the current building i am renting from the owner.
5 June 2024 | 2 replies
He is willing to deduct money off the cost of the building for the needed repairs and just lower the price for me to do the work.
Damaris Gama
Purchasing my Uncles Home
4 June 2024 | 1 reply
Depending on how much it is, you can pay them the difference at closing or via contract..The 'cleanest' solution is likely a new conventional purchase mortgage.
Robert Burns
Alex Martinez Pro Wholesaler Course
4 June 2024 | 42 replies
He is focusing on using the MLS to find motivated seller leads and then making offers through the list agent on the MLS.I would appreciate any feedback good or bad about this program which costs $7800!
Daniel Sunday
Making My First Offer
5 June 2024 | 15 replies
Find someone who is full time and younger and they will be eager to help#2 Depending on your state all offers have to be presented on promulgated forms.
Dan Illes
The Disaster That is Canadian Real Estate ... and Lessons From It
5 June 2024 | 29 replies
You can get 10 year terms now...I only found out AFTER I had renewed my mortgage as my banker never bothered to tell me.For sales, I think it is market dependent.