Matt J.
Calculating Occupancy for Air BNB in Minnesota
Hey everyone,
In the summers, I am guessing most lakeshore Air BnB's in northern Minnesota have around a 90% occupancy rate. In the winters, if there are snowmobile trails nearby, winter events in the area, things l...
Benjamin Walter McPhail
Understanding Mortgage Fraud
My wife and I bought our first owner occupied home in January 2019. We were intending to live in it and rent it out using Airbnb in the summer since we live in Alaska and the population here skyrockets. She got offe...
Johnathan Tristan Mathis
Creative buying strategies needed.
I am dealing with an elderly woman that wants to sell her property But she she would like to live in the property after. Are there any creative ways to buy this. I have thought about buying it to lease back to her but...
Matt Davis
First Homeowners Loan for 4-unit apartment
Hello all! I currently have a goal to acquire a 4-unit apartment building using a first homeowners loan to build passive income. My long-term goal is to expand and obtain larger apartment buildings and create good inc...
David Almquist
Bank won't pay father relocation assistance!
I have been working for over 2 years now to get my Dad's house out of preforeclosure into a short sale status. He is 92. Now that the short sale offer has been accepted, FNME won't pay any relocation assistance b...
Tara Baldauf
Taxes on profit from a live in flip
I bought a house to flip that I am using as my primary residence. I will have the renovations complete after 6 months of ownership and want to sell right away. This is my second flip (the first house I owned for 3 yea...
Bruce Woodruff
Thoughts on longer rentals?
We are less than a year into the STR thing with 2 separate rentals. So far, just love it.... no issues, just wonderful guests and lots of bookings.The one thing that comes up occasionally is requests for long-term boo...
Scott Isley
Apartment Investment and Syndication NIghtmares
Hi BP,
As I'm getting closer to raising the funds for and acquiring my first apartment property, I'd like to hear the bad and the ugly of your experiences and what you LEARNED from them.
We usally her t...
Issa Rice
Loopnet: Why is it called "where good deals go to die?"
As I newbie, I often spend a good amount of time looking for real estate information and deals on multi-family. I have been to forums in person and on line, and they all say the same thing about LoopNet, which is "goo...
Jacob Mitchell
Best and highest offer due on a Thursday
My question: Are banks firm when they state Best and final offers are due by Thursday at 5pm or will they continue to accept offers throughout the weekend?My Situation: I submitted an offer on a rehab REO property tha...