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14 November 2024 | 5 replies
My goals would be to increase monthly cash flow and have more access to the property's equity for things like Cap Ex, etc....Here's a blurb from a lender's website:"By combining banking functionality with home financing into one dynamic instrument, borrowers are able to save tens of thousands of dollars and years off their loan""Designed after popular programs around the world, the All In One First Lien HELOC is the nation’s first transactional offset type-mortgage program.Home financing and banking combined:Deposits lower your loan’s principalFunds remain available for expensesInterest is calculated on the average daily balanceThis lowers the monthly interest paymentsTens of thousands of dollars can be saved over the life of the loanMortgage freedom can be achieved in half the time or less
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16 November 2024 | 6 replies
Your mistakes, and the reason why you don't understand why there is a conflict, is because you don't understand the meaning behind these analysis tools.
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17 November 2024 | 9 replies
Cost Segregation is a great tax planning tool.
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12 November 2024 | 1 reply
Hey there, I'm new here and was checking out the "find markets" section. As an army veteran, I was SO shocked to see that city on there. I was just curious if anybody here has any personal feedback on investing in tha...
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13 November 2024 | 5 replies
I've come to the same conclusion for my properties when it comes to dynamic pricing tools.
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14 November 2024 | 8 replies
Research the market, use data analysis tools, build a team with experienced professionals, and practice deal analysis.
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19 November 2024 | 14 replies
@Vanessa LuleEstimating Occupancy Rates: AirDNA is a great tool, but it can sometimes be hard to verify actual occupancy.Hidden Costs in Monthly Expenses: Besides rent, utilities, and cleaning supplies, don’t forget to budget for:- Maintenance and Repairs: Minor wear and tear costs add up, especially in short-term rentals.- Platform Fees: Airbnb and Vrbo charge around 3% per booking.- Furnishings and Decor: High-quality, durable items are worth the initial investment.- Insurance: Short-term rental insurance (beyond renters') can protect you from guest-related risks.- Licensing or Permits: Check if your area requires permits, as some cities have fees for short-term rental operators.Breakeven Analysis: To calculate your breakeven occupancy rate, add all monthly expenses (rent, utilities, cleaning, insurance, etc.).
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14 November 2024 | 4 replies
Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.
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13 November 2024 | 11 replies
@Jonathan GreeneThe short answer is it will depend on a few things like the tools and listing platforms that you're usingMy current workflow involves many tools (including Monday.com, Baselane, and Furnished plus other listing platforms).
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14 November 2024 | 12 replies
Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.