Maggie Medal
Panama City Beach Airbnb!
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $200,000
Cash invested: $20,000
Buy and hold east end of PCB, self managing short term vacation rentals year round
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Account Closed
Allow prospective tenant to host airbnb or not
I have a 5 BR/2 BA single family home that's RM-1 zoned. It's very hard to find single family that will occupy all 5 bedrooms. So would this be a good idea to give tenant flexibility to host airbnb on the unoccupied r...
Emillio Henry
Do you need to purchase insurance for flips?
I hired an attorney for a house I’m flipping and he asked me if I have insurance for the property. This caught me by surprise, being a first time flipper I wasn’t aware I needed any sort of insurance for a property I ...
Jameson Wildwood
Who did you get your Umbrella Insurance from?
I'm looking for a new Umbrella policy provider. Progressive in California just nixed me because I have 3 properties, and their upper limit is 2. Who did you get your Umbrella insurance from? What was your cost roug...
Scott Falvey
New Investor in the Baltimore/Columbia area - should I purchase as individual or LLC?
Hi ALL!I've always been interested in real estate but never thought it was something that I could build wealth with. My wife and I were always on the wrong side of the deal so we shied away from it. Recently I decided...
Michael Ndjondo makadi
Can a rental be run as an LLC without transferring ownership?
Several questions to CPA, lawyers or just those who might have better knowledge. For perspective, the property is located in San Diego, CA where I live also. 1. I was told and read that the property MUST be owned by t...
Han Qing Zhang
How to get a business loan if we are young company?
My friends and I formed a company 1.5 years ago and started flipping in Seattle Area. We have track records of success and now seeking for working capital for more upcoming project. Is our company too young for a busi...
Corey Dutton
What Is the Best Insurance for an Investment Property?
I get this question all the time but I’m not an insurance agent. This is insurance for a residential investment property, to remain vacant, that will be fixed up and sold. I have always recommended a basic hazard insu...
Raj Kapur
Mortgage loans for high DI ratio
I am a new rental property owner. My primary and my current rental properties are causing my DI ratio to be more than 45%, so I am not able to qualify for additional mortgages from some conventional banks to buy more ...
Nick Donato
Breached Covenant on Commercial Loan
Hello, I have a 12 plex in Colorado Springs and First Bank is handling the loan. They recently said I breached the covenant of the mortgage by not meeting their Debt Coverage Ratio of 1.3 in 2022. Due to this, they ...