Gil Happy
Need Help Calculating Short Term vs Long Term Rental Return
Hello,I currently own a vacation home in Phoenix that I use mostly use for personal enjoyment, but I also do to short term rentals (STR) through AirBnB and VRBO to offset some of the costs.Since I use my home mostly f...
Chris Oswald
Figuring Cap Rate
I looking at a property and the owner lists it at a 12% cap rate. I did my math and the real number is closer to 8%. The property is class B or C. I am new to this, but it isn't prime and isn't terrible either.When ...
Marvin Gunn
Vacant Land - What is the best way to determine the value?
What is the best way to determine the value of a land locked, vacant parcel adjacent to mine. It is a heavily wooded lot, about 3/4 of an acre. There is no direct access to it (which is probably why it has not been de...
Devin James
There's always a reason not to invest... Start today
No matter the stage of the market, there’s always reasons not to invest.
- Prices are too high
- Prices are falling
- Interest rates are too high
- My Cousins, Mothers, Sister told me that Real Estate is too ri...
Tamara R.
Cool tip for finding info on tenants before you talk to them.
Like many of you, I post my rentals on Craigslist and Zillow and other sites. On both of these sites, prospective tenants can reply through Craigslist or Zillow without you knowing their e-mail address. I also try t...
Jim Goebel
Bad Deal - Fire with no Insurance - options to get out from Under
What are my options to get out from under an asset that had a major fire, where we had no insurance?This asset (now a liability) is owned under a self directed ROTH IRA.I know there may be follow on negative consequen...
Nathan Lesko
My First Insurance Claim/Leak Detectors
I'm having to file my first insurance claim in 15 years of owning 8 rental properties. The tenant accidentally left the water on in an upstairs bathroom sink that was clogged (never notified me). 5hrs later when retur...
James Gray
lot owners working with builder jointly for development
I have some lots on Lake Padre on North Padre Island that have had the land already developed, bulkhead, utilities, roads in place a five minute boat ride to Gulf of Mexico. The lots are about 300 x 50 on average and ...
Jennifer Wilson
How Will Fannie/Freddie Resort Condo Guidelines Impact Market?
As of today, Decempber 7th, 2020, Fannie Mae and Freddie Mac put out new Resort Condo Guidelines that determines if a condo project will be considered ineligible for their standard financing options. From the rough o...
Joshua Moore
Hampton Roads Mentour!
Hello to all! I am a member of the U.S. Navy stationed here in Newport News, Va looking for a great opportunity to expand my real estate knowledge as well as find a second source of income. I am ready and willing to d...