Hello, I recently listened to a podcast with Mindy and Scott. Sept 10 Episode # 562 This couple was on who purchases homes and then rent them out to a sobriety program. The rent is guaranteed by other tenants, the reg...

Quote from @Dan Gandee: Hello Emma, Our pre-listing process really depends on the current condition of the home, price point, and curb appeal importance to "buyer journey" which is the path buyers will make to the property from whichever direction.

I paid another 60k for the furtinture.

I'm looking to buy my first property as a primary residence, live in it for one year, house hack, and rent it out long term. Any advice helps for a first timer...but I have 2 questions.
1. Based on your experience, w...

However, pricing in Austin is still substantially above pre-pandemic levels.

This is where pictures are needed of any additional damages, ideally with close to matching move-in pictures.With this process, I have only once had a tenant pissed that I kept part of the security deposit, and that was because she paid a contractor to come in and make all repairs we discussed in the pre-moveout checklist, but she forgot to remove all her artwork and left a boat load of holes in the walls.

I’ve newly joined our family business in developing commercial buildings and would appreciate your advice if the following potential project is considered as a strong long-term hold.Project Summary:40-year ground leaseInitial investment: $USD 930,000 (which includes the 10 years of prepaid land rent and all other costs  such as permits, contracts, engineering, geotechnical studies, etc.)Revenue & Occupancy:Annual rental revenue (Year 1): the equivalent of $USD145,000 (at 100% occupancy)7% shop rent increase every 5 yearsOperating Expenses:Recurrent yearly expenses total USD$20,000, covering: Security, maintenance, generator upkeep, insurance, taxes, repairs, and contingenciesLand rent restarts in Year 11 with a 10% increase every 10 yearsFinancing:With loan (USD$550,000 at 7%, over 6 years) → Break-even in Year 12After breakeven, the project produces pure cash flow for 28–32 years.

We've tried groups like Lima One and Kiavi, but they just don't work for our model — their DSCR underwriting is based on market rents, not actual lease terms, and STR want 12 month's of existing performance.Here’s an example deal:Purchase Price: $400,000Lease Terms: 3-year lease at $4,000/monthMarket Rent: ~$2,500/monthBecause DSCR lenders are using the lower market rent, we get capped on LTV and lose the leverage we need — even though our tenant-buyer is pre-approved, fully underwritten, and putting down 10%.We operate two private real estate funds and close 2–4 single-family homes/month for pre-approved rent-to-own tenants.

I'm glad you’re thinking ahead.With regards to early conversations with lenders, it's smart to start preparing yourself to get pre-qualified.

I am about to put my first STR into service. I spent a lot of time getting it set up. Moving and assembling furniture, buying all of the necessary items. It was a blank slate when I bought it, but only needed to be pa...