Ingo Bothe
New investor looking at STR in Orlando / Tampa / St. Petersburg
13 February 2024 | 6 replies
The best performing short-term rentals in the Orlando Disney area are larger homes in resort style communities.
Trent Stevens
I am new and want advice
13 February 2024 | 37 replies
The continued victories of paying off progressively larger debts will fuel your desire to keep paying them off and you will have increased success.
Chester Davis
Spreadsheet for Low DTI, small but mighty
13 February 2024 | 5 replies
This is likely going to mean a distressed property meaning a larger rehab and potentially a forced appreciation of an additional bedroom adding an additional story, finishing the basement whatever that might be, but finding that potential is where your delta or margin is going to be between the cash invested and ARV is where the "low risk" is built in for my and my way of thinking.Additionally if you want low risk on the vacancy side of the equation leaning towards multiple units to spread that risk out is always a good play as well.I also think "variety of exit" or flexibility in an exit is another major component to "low risk".
Sara Habtom
I’m still learning about rental investing
14 February 2024 | 6 replies
While they don't look at your DTI, they will, at least initially while building a relationship with the lender, check your credit score which will affect your rate.Business Line of Credit - Most banks will want to see you in business for 12-18 months before issuing you a Business LOC.
Justin Johnson
My First Rental Property Freak Out
15 February 2024 | 72 replies
That definitely would’ve been nice and actually might should have even been in the contract considering any possible issue with getting the tenant out.
Jonn Vidal
Realtors vs Unboarded Licensed Agents/Brokers
14 February 2024 | 3 replies
One issue is that many places have open listings, so that means compensation to the agent goes to whatever agent brings the buyer, so you'll get 10 or 100 agents all posting the same listing, so can be difficult for buyers to sort through.
Kieran Dowling
Differnt types of loan products
13 February 2024 | 13 replies
Hi Kieran,As most have mentioned, DSCR is a great way around the income qualification piece, but you couldn't live in the property, and the down payment requirements would be larger than you're looking for.
Ryan Leake
Should you hire cohost/manager for your STR?
12 February 2024 | 6 replies
If something urgent does arise, it helps to have a local STR manager that can handle it for you rather than larger national companies like Vacasa and Evolve - that tend to be notoriously bad at handling issues for owners.
Nathan S.
Selling an STR subject to while utilizing a 1031 exchange into a new investment
14 February 2024 | 4 replies
The issue you'll have is that if you want to defer all tax you must purchase at least as much as your net sale.
Josh Haney
How to screen Property Management Companies?
13 February 2024 | 6 replies
How often will they update me on property status and issues?