
1 November 2024 | 9 replies
I was initially leaning toward BRRRR since the equity would give me a kickstart for that process.

30 October 2024 | 1 reply
I emailed them initially to stop the auto-renewal from occurring.

30 October 2024 | 2 replies
I see firsthand how crucial it is for owners to stay vigilant and informed about how their rent is calculated—both during initial lease-ups and at the time of rent increases.I can’t believe this is happening, but I’m here to ensure you receive the rent you truly deserve.

30 October 2024 | 3 replies
If you want to see the original booking length, you might need to look for a column like "nights_booked" (if it's included) or calculate it by combining "nights" and "m_nights_altered" values to get the initial booking duration.This setup allows you to track changes in bookings over time, which can be especially useful for analyzing trends in stay modifications.

29 October 2024 | 19 replies
Initial cleaning fee if needed (may do it myself if possible)5.

30 October 2024 | 4 replies
Hey @Jon PfluegerFirstly, great initiative to ask this question.

31 October 2024 | 5 replies
I’m especially interested in house hacking as my first investment since it seems ideal for building cash flow, reducing expenses and gaining experience without heavy initial capital.Questions & Market Focus:I'm still learning, but I’m starting to research these four markets to understand which may be the best fit for house hacking.

30 October 2024 | 1 reply
You cannot finance more than what wouldve been available in the initial purchase or use any improved value or new appraisal to increase the loan amount.

31 October 2024 | 8 replies
This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.While the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.

31 October 2024 | 4 replies
Initial Inspection and Assessment: Document property condition before work begins.