Simon Shih
Airbnb vs Rental
10 April 2018 | 15 replies
In my opinion properties well suited for vacation rentals have:A great location for touristsNear outdoor / recreation destinations (beach's, ski resorts, etc.)Near nature (on a river, lake, ocean, etc.)Or perhaps a great location for business / corporate housing (Downtown, near major companies, etc.)Decent demand year-round (If it sits vacant 40 weeks out of the year you would be better off with a long-term tenant).Great amenities (WiFi, TV, Furnishings, Linens, Coffee, small appliances, etc.)Accept credit card paymentsPool / Hot Tub is a nice bonusOutdoor space at the property (Deck, balcony, patio, BBQ area, etc.)Pet friendly (not required, but will get you more interest)If your property seems to meet many of the above characteristics it is probably well-suited for a vacation rental.Some major differences you will need to figure out (compared to long-term)Who will do routine housekeepingHow will you get the guests moved in and out (lock box, in person, etc.)What laws govern your locationsWhat tax implications (bed tax, reporting, etc.) will you have to figure outHow much extra will you need to charge to make all the above worth it.
Jerry Vohrer
Denver #1 in Rent prices and it's not slowing down. Invest now!
9 December 2015 | 8 replies
I don't think this area is ideal for quick fix and flips or immediate scrape and rebuilds.
Molly Krief
I am in need of evidence
12 December 2015 | 29 replies
you know the solution, you just want to try and go around it. 1. get a job (now you have income)2. get some credit cards (now you have credit)3. save some money (now you have assets)4. apply for hard money loan. crawl before you walk, walk before you run, run before you fly.
Shane Hetzel
Equity Lenders International, Inc. Anyone have any knowledge of?
20 January 2016 | 10 replies
After that, you must pay a repayment on the same day of each following month. iii) You must make the number of repayments stated under “Number of repayments” for the period stated under “Period of repayments (loan term)”, and pay the balance owing under this contract on the date when the final repayment is due. iv) You must make payments to me by any of the following methods; a) In person, at the address shown below this contract documentb) By direct bank depositc) By direct wire transferc) By telephoning the office with your credit card detailsd) Through Western Union/Money Gram4.
Fernando H.
Pay down Debt or Invest?
12 February 2016 | 16 replies
I can fallback on a credit card / loan in worst case scenario.
William Allen
Latest flip produced just over $40k
9 December 2015 | 26 replies
So, it can be done for those who say it can't.I found this house by going to an estate sale on my way home from work one day and giving the owner my business card.
Paolo Ruggieri
Advice for buy and hold in Atlanta
8 December 2015 | 8 replies
They do not seem concern with specific score (if you have limited credit history or high credit card balances or inquires that lowered your score, it is ok)... but you need to have a history of paying your bills consistently on timeI am not sure of their specific DTI...
Azita S.
Emergency Raze & Remove Notice :(
13 December 2015 | 18 replies
Might as well go get every unsecured credit card you can get, max them out and never pay a cent then, since the hit for the charged off accounts will likely be less than the judgements!
Geoffrey Brown
I'm totally new
7 December 2015 | 3 replies
I've been reading and listening to the Bigger Pockets Podcasts, and I'd like to start attending REIA meetings, but at the only one I attended, I was asked for business cards and 1) I didn't have any and 2) now that I know that I need some I don't know what to put on other than contact information.I haven't decided where to focus my efforts.
Chad Svendsen
Christmas Question
8 December 2015 | 17 replies
It's double nice that you're taking the time to send cards to your tenants!