All Forum Posts by: David Taylor

@Mark S. I saw that after my comment! I was shocked - because this is a really interesting topic. Sorry to hear you didn't take the step. We are on the cusp now with an opportunity for commercial real estate property. Just got the previous owners P&L for the last 3 years. It's really interesting.  

Maybe you know the answer to this - The previous owner wrote a lot of "other" expenses off on the vacation property (other property repairs/depreciation/fuel etc) - how do i best sort out what *my* estimated expenses will be? 

@Steve Dove - I know this post was from 5 years ago, but wow! This was crazy helpful. Thank you

@Mark S. hi Mark! how did this all shake out? I'm looking into something similar and would love to hear your story. 

@Andrew Johnson wow 25% good call out - that is a bigger expense than I expected. Any recommendation on finding a great STR manager?

@Chelsey Ferguson - Hi! How did it go? What ended up happening? 

@Wendy Schultz - Great feedback! I'd love to chat with you about your experience. We are looking at an opportunity with just 6 units and it seems big I couldn't imagine 20! O_o 

@Wills Manning - Wow .... my mind is blown. I've never thought about a situation likes yours before. Very cool - Good luck! 

@Bob Langworthy - great response!

@Nina Sachdev Welcome to BP! sounds like you have a great plan in place. I hope you let us all know when you get your first place! We are in the same boat, by EOY we want our first property. 

@Daniel Kramer - wow fantastic response. I really appreciate your thoughts on this one! 

@David Stevoff - you too! I'm originally from Detroit and glad to see there are great opportunities there. Keep it up! 

Thanks, everyone! 

@Karen Margrave - Thanks for the reminder! 

@Chuck E. - woah, I don't have an answer but I'm joining the thread to hopefully find out when you do. I could see this happening each year and being frustrating. 

Good question! 

@Savannah Lewison - Great find! I also really liked your responses to everyone's comments so far! 

My question was geared towards the income - you said this is a duplex - yet you have income at 1400 a month. Is that for just one side? Or are you including both sides because as you mentioned with setting aside management costs you eventually will have two units renting?

Thanks! 

@Jeremy Taggart - how did you determine .85% for PMI and the insurance cost? Is this something I can just google?