I'm looking at buying a commercial house and storage units on one property. Cost is 850,000 I have to silent partners for $100,000 they are looking for a 10% return on their investment. This is my first time using a s...
Hi, STR fellowsSo, I have a quick question: Sometimes, when guests request money or hosts need to send money to guests, we were given the option to pay guests via Credit Card, PayPal, etc.. Why do we need to use a cre...
I have a Texas disregarded LLC, Oklahoma disregarded LLC, and Wyoming partnership LLC.
My question is from tax standpoint (not legal standpoint).
I recently learned that disregarded entities are required to file so...
Hey everyone! I just secured my 2nd STR and in May entered year 2 of my STR journey. The 2 properties combined should do about 95k in rev next year on about 3.7k in monthly payments ($370k and $260k purchase prices re...
Hi there,I'm finally ready to make my first purchase but I need some help in assesing the property and how finance it.1- the property is 4 units with total 3,461 Sq. Ft built in 1983 and the asking price is 135KMonthl...
Hey guys! I Can't believe this deal! I can't understand why it's been on the market for so long!
http://www.redfin.com/CA/Santa-Cruz/924-3rd-St-95060/home/2155384
Tax Amount: $2,331
Gross Rent Multiplie...
Hey,Anyone owning vacation rentals in orlando? what are the pros/cons compared to owning long term lease rental properties?Any pointers I should consider or be aware of while looking for vacation rentals near orlando?
Is it typical to have to pre-paid a full year of insurance on a portfolio loan? I was told my closing cost would be 5% but after receiving the itemized list of everything included it’s more like 15%.
So after countless hours of scanning multiple markets, I’m wondering if prices are too inflated in the hot markets for a great return.
Before I get into the markets I’m considering: my question is: in which of these...
What works -
1. Investing in well built properties that are able to generate positive cash flow with current rental rates
2. Becoming knowledgeable about a sector or sectors or geographical area (s) and limiting yo...