Hi guys,I am trying to refinance 5 properties with a blanket commercial mortgage. I was offered a loan with a 5 year fixed 4.5% rate and a 10 year balooon payment (25 year ammortization). Is this considered competitiv...
Recently bought 4plex property, owner occupied and inherited tenant. There is a father son duo living in one of the units (2beds,1bath), who pay rent on time and are generally good tenants. Over the summer one of thei...
Hello BP community —My wife and I currently live in Houston, but need to move to Lake Charles, LA for a short term (9 months - 1 year) job. We're contemplating buying a home in Lake Charles to live in for the time we ...
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...
I am looking at a duplex in a vacation destination. One unit is currently rented on a 12-month lease and the other unit is vacant. My ultimate plan is to do short-term rentals for both units. But with the current ten...
What is your preferred COC returns for short term rentals or long term rentals? Which cities have provided you with this cash flow?
Hello San Diego BP,Considering of switching long term San Diego rental into short term/Airbnb (self managed) next month. Anyone successfully self managing their short term rental(s) locally and wouldn’t mind meeting u...
Just found the site and am tearing through podcasts and articles. Such a great resource. Thank you to the founders and wonderful contributors. It has been a huge help. I currently only have one rental property but am ...
I started BRRRing in 2020, and I am close to getting a 3rd BRRR rented. I pulled all the money out of the first two houses through refi. Things have been going well, and I have been exploring how to ramp up. 10 year...
We recently had to transition our short term rental to a long-term rental due to our city banning short term rentals. Due to this, the medium we utilize, AirBnB, has forced all our bookings to be a minimum of 31 days....