Nick P.
Backcountry Cabin STR's
28 August 2019 | 8 replies
It feels like the best huts are periodically checked and cleaned/resupplied as needed.
Sal M.
Cash out advice on rental property
25 February 2018 | 18 replies
They will get into as many as they can during the 45 day period so they have control on the remainder of the process.
Ron Read
Why you can't really compete head-to-head with REITs
10 March 2018 | 18 replies
I noticed a disturbing trend--rentals which are priced at a level I didn’t believe to be profitable are staying on the market an extremely long period of time.After a little digging, I found several neighborhoods which appear to be completely saturated with rental homes.
Gary Ferrante
Writing your own contract
26 February 2018 | 1 reply
The conditions I need to add are "as is verbiage", and "no inspection period".
Chase Gu
Commercial loan question!
1 March 2018 | 5 replies
At the end of each term period the lender will evaluate the progress of the loan and reset it for the next period and reset the interest rate to whatever the prevailing rates are at that time.You should generally get a loan with a lender in the same state as the property.Commercial loans don't have the same level of regulation like residential loans.
Pauline Herschel
Tenant Forgot To Exercise Option To Renew
24 February 2018 | 11 replies
It's best to reach out to the Tenants and figure out what they are doing before you pursue litigation, and risk alienating them when they could've just forgotten.If it were me, I would contact the Tenant and remind them that the option period has passed, so you assume they are moving out, and ask them to make it official in writing.
Jeremy Bridges
Need advice and contractor for major rehab
24 February 2018 | 3 replies
If you do end up using a GC, I'd still spend a lot of time on the project asking questions and following him around....you'll learn a ton in a short period of time.
Juan S.
Structuring a Deal With a Current Mortgage
23 February 2018 | 1 reply
First always seek legal counsel with an attorney:ask them the pros & cons of some of the following:1) Debt: secure a loan against the property you receive interest payments.2) Equity: record an option to buy the property (ex. you have the option to buy the property for $115k for a specified time period.3) Purchase a partial ownership interest, ex. tenant in common ownership of 50% of equity4) combo equity participation loan , you share in the upside equity.
Joseph England
Pitfalls of a 12 BRRRR Property portfolio loan in your 1st year
27 February 2018 | 6 replies
I'm looking for one who uses the ARV or new appraisal with no seasoning period.
Chris Gordon
Investing or buying cashflow?
6 March 2018 | 33 replies
My basic understanding is you need to know all income and expenses for a period of time, so effectively you can't apply it to analysis of potential investments (pre-purchase), unless you use assumptions and plugs?