Long story short , didn’t do my due diligence . Purchased not one but two properties from a foreclosure with no title search . Comes to find out each property has a mortgage. Combined with the price I paid through the...
2nd position loan questions
How do you insure you mitigate the risk of not being paid back?
For me I use;
2nd lien on target property or cross collateral property deed of trust
JV agreement
Promissory Note
Pers...
I'm curious about housing inventory, and where it will come from. Short Term Rental investors, with gas prices being so high, are you seeing a slow down in renting properties? Are you holding your STR properties, turn...
What are you thoughts?? Is it a good time to jump into the short term / vacation rental market? I'm thinking about converting my rental to an AirBNB in the coming months. AirDNA data looks very promising and my nei...
Glad I found and joined the BP community, only wish I had discovered it when I first had rental properties. I am originally from Michigan and now live in the Albany, NY area with a full-time career in sales and busin...
Hi all-I have heard that there are ways to rent to travel nurses but that you have to be put in a system. I am in the process of buying a property near a hospital and was wondering if anyone knew of how to rent to tra...
I am looking for long-distance investing.I planned to buy couple condominiums in Nashville, TN, but was advised that restrictions on short term renting become draconian, with 90 days minimum in the city.Could you plea...
Hey all,I certainly don't mind digging through city ordinance after city ordinance to see if a STR is allowed in a certain City, but is there an easier way to do this? I know websites like Alltherooms and AirDNA claim...
Hello everyone!
I have been wanting to start my own AirBnB for a long time and finally feel I am ready to by the end of year. My plan is to look for a single family home but if I can find a multi family property to h...
I'm in contact with a person who is purchasing a property from a bank in a short sale. If I decide to purchase this property from them, how should I go about the sale? I'v bought and sold three homes over the last 25 ...