Wander has been pretty persistent about trying to get me to list my FL oceanfront beach villa on their platform with their newer Wander Listed program. The fees are 8% and this would just be an added channel to comple...

Hi Bigger Pockets Crew, I need some advice on how to make my next move. I own a 2 door property that has about 200-250k in equity. I owe about $200k and it is worth between $400 and $475k. I really want to buy another...

The layout allows for an easy addition over the garage, potentially adding 2 unitsThese units could generate approximately $36,000/year at $1,500/month rent per unitFinancial Overview & Valuation: At current income and stabilized rents, the property offers a 6.5% cap rate on a $700,000 valuationRenovations and addition of two units would cost approximately $350,000Post-renovation, the ARV (After Repair Value) is projected at $1.4 million, with the potential to double the annual revenueRun Your NumbersWith the current market pricing in the mid-$600,000s and being on the market for only 30 days, 5000 Florence Ave represents an exceptional value and scaleable opportunity.

They are way too guest centric and often leave owners hanging.VRBO and AirBNB should be all you use in addition to looking at direct booking as well.You can rent an ozone machine which should take care of the smoke smell.

I'd definitely be mindful in the 1st project with factoring in extra costs for the winter & misc. unexpected expenses.Lining up additional funding is extremely important while ensuring the 1st deal goes through - as you will learn a ton throughout that process.I can help as a Commercial Loan originator through my mortgage broker to provide you with 30 year fixed commercial rental loans, & Fix & Flip Loans (funding up to 90% of purchase & 100% of renovations- varying depending on deal) to keep you moving along, or additional private money loans & HML. 

Any help/direction on this is helpful.Jeff My suggestion would be to use a standard Wisconsin lease from Wisconsin Legal Blank and then have the tenant sign any additional addendums you create on your own

Quote from @Andy Chen: Hi all, I’d like your advice on how to structure a potential deal.A friend of mine owns a property outright that still has plenty of space for additional development.

Forced sales are Usually not great, and considering what you mentioned about the potential deflation in your asset value makes it seem like you'll lose additional money after factoring all the additional costs in with selling.Your IRR & ROE is probably suffering & could allow you to come out & get into something else more conservative.

The new policy will list:  1 Primary Insured: My LLC 2 First Lienholder: The existing mortgage lender 3 Additional Insured: The seller   Please let me know if there is any better way to handle this

I collect a pet fee to help offset the cost of any additional cleaning that might be needed for pet hair and such.