Brian Garrett
Is there a seasoning period for cash buyers?
I was under the impression if you paid cash to purchase a property that you would then be able to cash out refinance as soon as you have finished the rehab and rented the unit out utilizing the BRRRR strategy. I was j...
Mikal MAxim
Cash out Refinance or DSCR Single Family Rental
Hi, and thanks in advanced for your advice. We moved 4 years ago to a new home and kept our previous home as a rental. It has been rented out the past (4) years and has good equity. I would like to get cash out, but u...
John Kaspar
Bathroom Remodel Issues. What would you do? What would you pay?
So, it came time to remodel my downstairs apartment how to get this done quickly so I ended up using a contractor to replace my tub & walls. It's not a full "rebath" as the old tub was removed and they used "acryl...
Corben Briggs
Hot STR Markets in Tampa, FL
Hey all!
Starting to see some progress with my first deal I did earlier this year on a STR/Airbnb property I purchased in Nashville, TN back in April. Enjoying everything so far but im itching to land another deal i...
Greg Maden
DSCR Loan question
I am up against my DTI ratio for a traditional mortgage and I have been looking in to the DSCR option and it from what I am seeing it looks like a decent way to continue to scale. Does anyone have insight on what the ...
Kevin Samuels
Bringing a contractor on the very first visit
Hi, my wife and I have been looking at several properties in the Las Vegas Valley. We are constantly trying to find ways to streamline our process so we ca quickly decide if we are going to submit a bid or just move o...
Mike Kalob
"Real" Contractor Accepted Payment Terms
It seems every contractor wants at minimum 1/3rd, 1/3rd, 1/3rd (or more upfront), despite advice on here to not put more than 10% down.I've scoured the General Contractor Payments in the forums and it seems the ones w...
James Wesley
Hot Tub Management - Complete drain and refills after guests
Hey there! I have a large STR property that can accommodate 19 people, that has a hot tub. It's only 4 months old, but I am finding that it has to be regularly drained and refilled due to how the guest use it or abuse...
Eric Wong
Is it possible to cash out refinance free and clear investment properties?
Hi! I used a HELOC to purchase two SFH around ~250k each as cash deals about 2 years ago. Are there any options for me to get a fixed rate loan on each SFH so I can pay back my HELOC. The interest rate on the HELOC is...
Gabriel G.
Diary of a newbie
Since reading J Scott's diaries, I've decided to make one of my own about my endeavor in the real estate business. Hopefully I can get a lot of advice and also contribute to other newbies in the area. Long story long,...