Nick Reuter
2nd STR Purchase Lender?
Hi all,
I live in FL (primary home), and we have a STR property (that our family uses a lot as well) in Banner Elk, NC. We bought this property last September.
I'm looking at purchasing an additional STR property, a...
AJ Satcher
How Many Inspections is Enough?
Hello all,I'm in the process of closing a deal, so far I've had 2 inspections.First inspection - Necessary. Items were brought up by inspector, no questions about getting this one.Second Inspection: To address some of...
Jose L Martinez
1031 Exchange or Cash?
Hello fellow BPsI am looking for your thoughts on my current situation. I am selling a duplex I've owned for 9 yrs and it looks like I will be getting about $30K profit at closing. My questions is; Should I proceed wi...
Brandon Turner
Hey Smart Guys/Gals - Question about NOI
Hey, I'm working on a spreadsheet and I'm wondering:
Does the Net Operating Income include deducting the costs for the "big items" that happen every so often, like roofs, parking lots, etc? I mean, if I set aside 3...
Swarochisa Kandregula
HELOC Loan appraisal issue
My wife and I applied for a 200k heloc loan at a local credit union. Our house(new townhome 2021) on redfin was valued at 1.08M when I applied and the outstanding mortgage was about 682k. With this valuation I was sur...
Michael Limina
The landlord wants to go on vacation....
Hello all,
So, I am very new to all this and I am aggressively seeking to get started in buying rental properties. I like to travel and it just hit me, what do I do if I want to go on vacation and I have several uni...
Chris C.
Can I charge a service fee - Tenant lied to me
Yes, I know. Being lied to is nothing new but here's the story:Last Friday, they we complaining that their stove wasn't working (eventually we found out their complaint was that one of the 4 coils/burners got "too" h...
Matthew Vanhorn
Is 1031 Exchange a cheat code or just a better way to sell bad properties?
Gut feeling is that 1031 Exchanges are a cheat code to scale a portfolio faster than one could otherwise. But I listen to all of the podcasts, read many of the books, and haven't seen/heard a solid strategy of how to ...
Alvin Grier
Probate Marketing - When is the Best Time to Contact the PR?
FYI, I'm trying to make our probate marketing efforts more financially efficient, which is the basis for this thread.I gather my own leads at the county.My questions:Quite often the inventory for the estate isn't file...
Randy Bayo
Found my first flip - good deal?
Hi guys! New to the forum. It looks like I found my first new flip located in Sacramento, CA. The house is a complete rehab. Total gut job. They’re asking $199k. ARV is $303k. Ran comps, house could sell for $310k. L...