All Forum Posts by: Daniel Villanueva

I aim to hold long term. Its not a big city so its not appreciating as fast as say Austin or the rest of Texas but its still Texas! The town is growing and already quite large. Its not a vacation spot or vacation area, I am aiming towards a niche market to be honest... but then again its a rather inexpensive duplex/ newly redone so I think it could really make up for lack of it being a "sexy" deal per se....

Central Texas! No flood zone and not tornado alley. 

I could clear about 1400 after the mortgage but this is before the PM, lawn maintenance, wifi/ utilities & etc. 

It would be approx 1K mortgage. Conservatively I aim for 1200/ unit. I think the duplex is a great deal but it wouldn’t be a home run by any means until well after the recession.

The competition is slim and outdated. In a hot market (1-2 years from now) I could foresee 1600/ unit. 

Would you take the deal? On top of possibly already spending around 20k (appliances & furnishings) would you pay additional 2.5K for closing? 

New to STR so very unsure if this will be a solid deal!

Hello all,

Putting in an offer on duplex- would love feedback! (Each is 1bed1bath)

**I am OOS so will pay premium on PM/ lawn management etc

approx 6% rate
162K Total, DP 24.3 K which is 15%, seller pays all closing costs. (30 year conventional loan)

Both units are completely redone.
i will have to furnish appliances (refrigerators, stoves, W&D) for short term rental. Great curb appeal.

can SAFELY expect approx 1200/ unit per month (I am furnishing both units for short term rentals- approx 10K total). In hot market could get 1600/ unit.

Deal or no deal?
would you pay for closing costs on top of all this? (5-10k)

thank you all!

Central texas!

I had someone tell me it won’t cash flow… I don’t have any algorithms for deals that include having to furnish & maintain furnishings so figured I’d ask on this platform! 

Hello all,

Putting in an offer on duplex- would love feedback! (Each is 1bed1bath)

** this will be OOS rental. 

approx 6% rate
162K Total, DP 24.3 K which is 15%, seller pays all closing costs. (30 year conventional loan)

Both units are completely redone.
i will have to furnish appliances (refrigerators, stoves, W&D) for short term rental. Great curb appeal.

can SAFELY expect approx 1200/ unit per month (I am furnishing both units for short term rentals- approx 10K total). In hot market could get 1600/ unit. 

Deal or no deal?
would you pay for closing costs on top of all this? (5-10k)

thank you all!

Hello all,

Putting in an offer on duplex- would love feedback! 

Rate will be approx 6%
162K Total, DP 24.3 K which is 15%, seller pays all closing costs. (30 year conventional loan) 

Both units are completely redone. 
i will have to furnish appliances (refrigerators, stoves, W&D) 

can SAFELY expect approx 1200/ unit per month (I am furnishing both units for short term rentals- approx 10K total).

Deal or no deal? 
would you pay for closing costs on top of all this? (5-10k) 

thank you all! 

Thanks, yea I paid for the three days (here in Phoenix via azreia) so I was curious about others’ thoughts. 

Are these courses worth it? Deed grabber & land grabber.

@Ryan Beckner don’t know if you’ve heard of Jack Bosch’s land system but if so- what’s your opinion on it? 

Hello all,

Ran across a Jack Bosch sales pitch. Research tells me it’s a system that can work well enough. Before I spend that sort of money on a niche system, I’d like to hear from the successful professionals.

I generally avoided paying for any systems because of the power of the internet these days. Aside from being frugal, I believe you can learn just about anything from good old google.

What systems would you recommend? Aside from multifamily/ fix & flip/ BRRRR.

Thank you all for your time & insight.

Danny

@Tim Winter

- Did you find the event helpful? I can’t convince myself to pay a grand for his “course” but I paid for the three day course since I am a newbie and have lots to learn. Is the three day course enough to start practicing the system or is he just dangling more carrots to squeeze out more money