Lou Siri
Short-term versus long-term
Hey everyone! Fairly new to rental real estate.... As we started preparing taxes and looking to the future, I came up with a question that maybe somebody on here can help with. As I understand it, short-term rentals a...
Trevor Levine
When do additional credit inquiries NOT hurt your credit score?
A lender told me that if I let several banks/lenders pull my credit within a short timeframe (like 14-21 days), it won't hurt my score anymore than if there was just one credit inquiry. But they weren't sure of the ti...
Brian G.
Holiday Bookings Minimum Nights
Currently we own a cabin near the Smoky Mountains and have our current booking minimum at two night. What holidays if any do you increase your minimum booking nights for? We just got a 4th of July booking for Fri/Sat ...
Frank Kosiba
VRBO Instant Booking Cancelation?
We recently enabled Instant Booking on VRBO for a seasonal vacation property. The rates are $2500/week peak summer, and go down to $225/night off season with a 3 day min. We received a couple random weekends, which is...
Miho Y.
Refinance timeline during the pandemic
Hello mortgage professionals! We applied for refinance for our primary and investment on 9/19. It’s 12/19 and still no sign of closing. It’s the pandemic they say... Is taking more than 3 months normal?
Mike Obrien
Long Beach NY Short term rental
What is the outlook for short term rentals in Long Beach NY? Is there any regulations/zoning that forbid it and what % occupancy would one expect?
Alejandro Gonzalez
10 days to closing and lender denied loan due to taxes issues
Hi everyone.
I need help urgently.
I've been working with a credit union for at least 3 months now.
After a long time looking for the right property, 3 weeks ago or so I found the house and is now under contract.
...
Mike Abbate
PM said 30-45 days of vacancy is average between tenants?
My 3/2 has been vacant for about 2 weeks now. The area is a high demand, popular area on the beach in Florida. I asked my PM how long he is seeing for vacancies on properties...he said vacancies are averaging 30-45 da...
Dave Aiken
Rent Increase and Possible Sale of Property in 2022
We own a two family duplex. We have long term tenants of 4 years (rent $1300) versus new tenants paying $1500 per month. Both units are yearly leases. We had planned to increase our long term tenants rent but with ...
Shawn Erato
Working with a budget
I have a budget of $250k to purchase my first fix and flip property. What price range should I be looking for deals? I see a lot of overpriced homes. Should I look in the low 300s and offer 250? I’ll take any advice I...