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15 April 2024 | 10 replies
Its fast and easy.I have just listed a mid term rental on Furnished Finder.
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15 April 2024 | 12 replies
Original Purchase Price$305,000Down Payment$28,793Closing Costs$11,527Rehab Costs$80,500Mortgage Costs$30,056Utilities$1,275Taxes$2,729Insurance$1,251STR Furnishing$10,142Total Costs$125,953LTR Income$7,000Net STR Income$21,234Total Income$28,234Total Capital Invested$109,246Appraised Value$540,000Loan LTV%70%Loan Amount$378,000Mortgage Balance$325,148Closing Costs$9,805Cash out$43,047Net Capital Invested$66,199Starting Equity$133,207Value Created: $67,008Hours Worked: 595Hourly Wage: $113I was only able to refi at 70% LTV, so I left $66k in the deal.
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15 April 2024 | 5 replies
@Jacob Munson Make sure you include costs to furnish the place, kitchen stuff, linens, supplies, nice looking decorations etcI'd be curious what others have spent but my guess for a 3 bedroom house with a pool is between 30-40K from bare house to ready to rent.
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15 April 2024 | 12 replies
We are looking to lease our fully furnished town home to travel nurses.
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15 April 2024 | 4 replies
You'll have to use cash or some sort of private money to build, furnish, etc.
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14 April 2024 | 19 replies
I am kind of the investor friendly agent for KY and actually specialize in the furnished rentals.
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15 April 2024 | 28 replies
Explain that you're investing in the property with furnishings, etc.
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16 April 2024 | 23 replies
@Jeremy Rosen I am a little interested in STR but have concerns about occupancy rate, chaos from being in the same building as the renters, and the capital to not only buy, but also, furnish the STR.
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13 April 2024 | 2 replies
If you're able to find similar properties on Furnished Finder or Airbnb/VRBO (30+ day stays) that could help gauge demand/pricing.
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15 April 2024 | 35 replies
Word of caution, furnishing a house isn't cheap and STR management is a part-time job. 4.