Hi All, I met with my local Credit union this week to discuss the possibility of getting another FHA loan. They informed me that If I moved out of my current duplex, I would need to refinance my FHA loan into a commer...
Does anyone have experience with short vacation term rentals in MAUI? My wife and I are looking at a property on the Lahaina side of Maui. The numbers seem to work out (not huge cashflow), however, we are a little c...
I can't believe this - I just realized that the house I bought on Friday still has no insurance!!! Fortunately there isn't much there since it's a shell to be rehabbed. But no!!!!
Is there any way I can order...
So today's the first day I got into my rental after the tenants moved out. Starting to assess what work I need to do and removing trash. As I'm carrying trash out the front door, a man walking a dog on the street asks...
Hello-I work for a CRE firm that is planning to branch out into other asset classes however I want to understand the different metrics/thresholds used to evaluate these asset classes. I come from a self storage backgr...
5 Things That Get Landlords in Trouble in MichiganBuying a house and renting it out sounds simple. Really--it is—but the government, as usual, steps in and mucks things up. The following are five things that the RPO...
Hello, We are fairly new to STR and have hosted the normal weekends, weeks, etc. We now have a request for 3-6 months, which sounds like a great deal. Are there any added legalities with renting "long term" from a S...
I saw no discussions specifically on this so I apologize if it's been discussed before. On a rental I have very basic landscaping done and to be honest, it's kind of bland. If a renter wants to make their dwelling ...
Does it make sense to owner occupy a 3 unit at a 600-700$ loss per month until I rent out the 3rd unit after a year of living there ? Afterwards would profit estimated 500 a month. My concerns are a low cash flow for ...
We're selling a home in Chicago and reached a dead end. Here's the situation:
We sold a home to a very motivated buyer who waived an inspection and was willing to put down a substantial amount of money. The buyer ag...