All Forum Posts by: Brittany Stradling

I'm looking for recommendations for an investor friendly lender that offers VA home loans. I'd like a lender that will factor in prospective income for our current home into DTI (we plan to rent it out when we move) and can take out the cost segregation from our numbers.

I am located in Indiana.

Thanks in advance!

500-1000/month for long term rentals is great but not common, at least now for the first few years in my neck of the woods. The cabin had a high interest rate and low downpayment %. There's no PMI so that's great. We have a very high COC but lower cash flow.

I currently have 1 str in the smokies and would like to acquire a handful of more properties, likely short or medium term. My focus is on cash flow and I want to net 1k/month, assuming the loan is for 300k and there is a 20% downpayment. Is it possible to cash flow this much with midterm? I have been analyzing deals in the Cincinatti, OH area and my cash flow is hitting at around 600/month. Just wondering if it's time for a come to jesus moment. 

I'm getting a cost segregation done on my cabin in the smokies. I'm filing out the information and I'm unsure of a question.

In terms of non depreciable land value in the area, is a dollar amount or percentage allocation preferred?

I am using pricelabs but going under what they recommend. Whenever I use their recommended prices, I don't get booked. I'm definitely the least confident regarding how to price my cabin.

I'm on both airbnb and vrbo. I'd say 85% of bookings are coming from Airbnb right now. I plan on creating a direct booking site in the next few months. 

My space is a 1 br cabin in the smokies. It's very comfortable but could use some updates. I plan on updating during the off season.

 Yup, very new! We went live in June. Occupancy is great but ADR is just too low. 

 I'm referring to 2019 revenue 

 Yes, it is! I'm mainly a podcast listener and listen to short term rental management with luke carl. Avery Carl's book is a given. 

Are people seeing 2019 numbers this year or is it just my property? My property is new and I'm not sure if this is normal. I evaluated the property based on an average of 2019, 2020, and 2021 numbers, so it cannot survive based on 2019 numbers alone. 

 People are being pretty respectful of the space. No crazy expenses, but it is an older space and needs renovated so my cleaner keeps me updated with what needs to be done which feels pretty frequent. My occupancy is great. Income is nice but a little under what I expected. I need to work on my pricing a bit but I get nervous because of the airbnb and bust noise in the news. I'm still unsure of how high I can charge without it impacting my occupancy rate. I was told charge lower and increase prices as I get more reviews, so I'm not too upset about the income being lower than expected.