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6 December 2024 | 25 replies
Best way to find cohosting gigs is to look for properties that should be performing well based on their location and quality of furnishings or amenities but cannot seem to get good reviews.
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14 December 2024 | 13 replies
I would even take it a step further and share that executive summary with all neighbors of the site.
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3 December 2024 | 5 replies
For example, bank accounts we control and specific investor capital accounts are all tracked in this same software.For our investor reports, each month we download spreadsheets, write a narrative for the month's performance and then export it all to a PDF.
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6 December 2024 | 12 replies
Have you found certain neighborhoods performing better than others?
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7 December 2024 | 14 replies
For estimating rehab costs, try using the BiggerPockets Rehab Estimator Tool or get quotes from contractors through sites like HomeAdvisor or Thumbtack.
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11 December 2024 | 14 replies
You could look up Neighbor.com and do small storage on site for others as a new niche as well.
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5 December 2024 | 10 replies
Therefore, I try to find a more user friendly web site that can distill the above into something that is readable.
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8 December 2024 | 9 replies
We are listed on about 6 sites and besides the typical Airbnb and VRBO, we've had success with Travelstayion as well.
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9 December 2024 | 1 reply
.), 1 stored in a cloud environment (and secured) and 1 off site.
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5 December 2024 | 4 replies
It's crucial to evaluate how the deal performs with the new mortgage:Updated Financials After Refinancing: Market Value: $459,000 Mortgage Amount (80% LTV): $367,200 Equity: $91,800 Interest Rate: 5% (30-Year Amortization) Assuming after 12months the rate will drop to 5%Monthly Expenses: Mortgage Payment (5% Interest): $1,971 (Now you are paying interest and principals) Property Tax: $260 (assuming has been increased with a 4% from last year) Utilities: $361 Insurance: $104 (+4% Adjustment) Vacancy: $166 (now after 12 months we can assume we have some vacancy at 5% factor on annual rent) Repairs & Maintenance: $166 (now after 12 months we can assume we have repairs at 5% factor on annual rent) Total Monthly Expenses: $3,028Rent Income after 12 months assuming annual rent increase at 5% : $3,323Cash Flow: $295$ per month 😊Long-Term Gains: $5,418 Principal Paydown year 2 (this will increase each as you pay off your mortgage $36,720 Property Appreciation (assuming 8% per year) $3,540 Cash Flow (this will increase as rents rise)Total Annual Return on Investment: $45,678 with just $ $22,789 remaining in the deal.