They receive a promissory note that outlines the timeframe of the loan with a specific interest rate.

Insurance has been crazy in Tampa and im curious to know if anyone that does buy and holds has any good insurance companies they can recommend that aren't charging outrageous rates.

So incurring the fewest expenses is the cheapest exit plan.There is no tax advantage to refinancing the property first - in fact, the refi will often force the taxing authority to reassess the value of the property - which would likely remove any tax grandfathering you may have - raising your taxes.There is no advantage to doing a two step process like you mention.Randy

Hello folksI'll be closing on my first rental.

Just an intro, My name is Yonathan and I am attempting to land my first ever Co-Host position EVEN alongside another co-host working for even free just to gain experience and reputationWould someone or someone they know be willing to “take me under their wing” as to learn to manage the day-to-day ops on behalf of a host?

If the Fed cuts rate later this fall you'll have an easier time selling!

Just bought our first house hack and inherited some month to month tenants.

(FYI I'm working with an agent in St Pete already, but if the first one goes well I'm sure we'll buy more.)

I am considering buying a property in the Myrtle beach area since it seems like it’s an affordable are with good cash flowing properties but it seems like the crime rate is above the national average.

Hey @Benjamin Stacey, I agree with @John Underwood on using the cash you have first then tapping the HELOC as needed.