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7 July 2024 | 14 replies
The key evaluation data points for STR investors are accurate records of rental income and occupancy and/or projections from local mangers and online tools.
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7 July 2024 | 1 reply
At present, a fully drawn $250K HELOC with (optimal credit) would offer an indexed rate based off of Fed Funds or Prime + 3-4% rate (depending on LTV, Property Type, Credit and LA) currently pricing at between 8.5-11% (11.5-13% w/lower credit) and interest only payments of +/- $2000 but the qualifying rate and payment for underwriting would be nearer $2300+ (on the low end) plus the 1st mortgage, and accurate taxes and insurance.
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7 July 2024 | 10 replies
Wonder if it's possible to refine that to a more accurate amount.I'll have to ask for additional breakdown for more detail.
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8 July 2024 | 6 replies
A: This is pretty accurate from what ive seen, parking, access to a private bathroom are two factors that can help you push rents as well as the updates in the house.
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7 July 2024 | 11 replies
If the software is not simplifying your life or making you more accurate, you shouldn't use it.
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7 July 2024 | 11 replies
Anytime ANYONE, and I would guess this is accurate if you ask others on BP.
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5 July 2024 | 4 replies
There are multiple issues with adu/jadu valuations:* Lack of sold comps with similar jadu/adu's and therefore, their value is not accurately reflected yet.* Appraisers with lack of skill or motivation (due to their low fees received or charged) which deters them from doing the work required for an reliable valuation.* Residential properties (2-4 units) are mainly valued by sold comps and not with the income approach, since these properties are typically not purchased for their income potential exclusively.* adu/jadu's add contributory value to the property as a whole, which may or may not = the cost to build them.
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9 July 2024 | 197 replies
I'm always learning about REI because the more knowledge I have under my belt, the better I can negotiate deals, accurately calculate repair costs and etc.
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7 July 2024 | 28 replies
If the software is not simplifying your life or making you more accurate, you shouldn't use it.
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5 July 2024 | 1 reply
@David O'Sullivan JrRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.