All Forum Posts by: Eugene Kim

John

There is not much great view for this cabin.

Thanks Carl 😄 I just wanted some feedback from BP as well.

Hi All

I am on a process to acquire a new build cabin in smoky mountain for STR, but the builder told me there will be no decking around the house = front porch due to the city regulation change. Is this gonna affect the average daily rate?

Hi BP

I have one property about to acquire. It's a 3bed 1bath in a A school district area. Price is $130000 and Rentometer shows $1600 for Average rent. So it fits to 1% rule but because my funding partner wants to buy it with cash the COC is only 7%.... he wants to buy it with cash because of the tax write off. We formed an LLC and planning to buy as much as we can under the entity with cash. Is cash out refi the only way to maximize the COC in this situation? or Is there any other way I can use his fund to use as down payment to acquire SFR to maximize the returns?

Thanks BP!!