All Forum Posts by: Mateo Arteaga

Hey BP fam! 

I need some help! We found a great off market deal on a local duplex that will cash flow, appreciate and could potentially be a STR on one side. Went and looked at the property, minor rehab (maybe 10k). Problem is that we will be needing to use a conventional loan. We were the only offer a few days ago, the guy gets back to us and says there are more people interested and probably going to make an offer. I'm almost 100% sure there will be a cash offer of some sort that we will have to go against.

What can we do to at least give ourselves a chance against cash? Is there anyway to make our offer better and more appealing other than putting a higher offer? What would you guys do in this situation??
I appreciate any and all feedback! Thank you! 

Hello BP members!

I am in the process of currently looking to buy a STR in Garden City, UT! It would be my first STR, but I have ran most of the numbers on AIRDNA. The only problem I am having is trying to calculate the COCR? Can anyone help me out? Also, what % do you guys shoot for on STR's and is there any other variables I should be eyeing on the analysis side of things?

Any feedback is appreciated! TIA!