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3 October 2024 | 2 replies
Anything under $1mil but trying to keep it around $700-$800KLeaving approximately $300-600k to reinvest.
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4 October 2024 | 14 replies
I'm not sure the premium vs the basic version (I only have premium) but for any property, I can itemize the purchase price, current value, tag the associated mortgage, my assumption on appreciation, its rental income, all of its expenses (including taxes, yearly mainteance, capex, insurance, HOA, property management, depreciation and other), its estimated sale timing/and fees.
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5 October 2024 | 16 replies
Here’s the breakdown:- Property 1: This property has approximately $40,000 in equity but is cash flow negative by about $1,000 per month.- Property 2: This property has around $100,000 in equity and is cash flowing positively at about +$200 per month.
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3 October 2024 | 7 replies
Two years ago, his insurance was approximately $17,000 a year.
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2 October 2024 | 9 replies
Also, I've added about $250 to my monthly costs to cover utilities.Looking on Furnished Finder, I do see plenty of places in my approximate price range, so I thought my target (average of $1100/room) was competitive and reasonable.
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5 October 2024 | 14 replies
You can also look at Schedule E, which connects to depreciation, though it won’t show the exact cost basis.Since depreciation affects the final cost basis, you might want to ask your CPA for a summary of your properties' bases to save time in the future.They should have a system where we can give you not just the basis but also a detailed gain (and estimated taxes) calculation within a day.
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30 September 2024 | 1 reply
Purchase price: $150,000 Cash invested: $150,000 Sale price: $187,500 Flipped approximately 550 homes over this time period with an average spread of approximately 25% What made you interested in investing in this type of deal?
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30 September 2024 | 13 replies
At the time the taxes owed was approximately $40,000.
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6 October 2024 | 26 replies
I don't think it is that accurate sometimes, but combined with the review on the 2 OTA's, you should get a pretty good idea.You can also go to Awning.com's estimator - https://www.awning.com/airbnb-estimatorIt is free and pulls the same basic data AirDNA does.
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2 October 2024 | 9 replies
Have you received an estimate?