Stephen Bruce
BRRRR a quadplex. Is it possible???
11 March 2024 | 20 replies
There are typically a lot more variations in unit characteristics with 2-4 units properties than with larger apartment houses, etc.
Amity Word
Which SEO Company has helped you get bookings?
6 March 2024 | 10 replies
There are lots of resources out there to help with SEO if you do a search for Vacation Rental SEO or some variation of that.
Oli Cimet
House Hacking in the Bay Area - Advice for a Newbie
6 March 2024 | 16 replies
When deciding between investing out of state vs home hacking in Oakland, keep the following in mind.Oakland House Hacking:Proximity: Living in Oakland while house hacking enables you to maintain a close proximity to San Francisco, which might prove advantageous for property management and maintaining connections with the local market.Possibility of Appreciation: Property values in the Bay Area have increased historically, which is good for accumulating equity over time.Local market dynamics, tenant preferences, and potential obstacles might be simpler to comprehend when one is in a familiar location.Demand for Rentals: Oakland has a robust rental market, and you can discover good demand for rental units if you pick the appropriate property and location.Creating Local Connections: If you live in the Bay Area, house hacking can assist you in making local contacts with property managers, real estate agents, and other investors.Investing Out of State:Investing outside of your state may be more affordable and enable you to use the same funds to buy more than one property.A few out-of-state markets can have more favorable cash flow prospects in contrast to the pricey Bay Area market.Geographic diversity, which can help reduce risks related to market-specific variations, is made possible by investing in a variety of markets.Hiring a local property management business, which offers a more hands-off approach to property management, is often necessary for out-of-state investments.Remember, both options have their advantages and challenges.
Account Closed
Buying Pre-Foreclosures (Non Judicial) Foreclosures To Do Fix & Flips or Rentals
6 March 2024 | 19 replies
The property can not be refinanced for greater than the amount purchased for at least 6 monthsAre we using the same definition or do you have another one or some other variation?
Manuel Angeles
What syndications have you invested in as an LP (limited partner)?
5 March 2024 | 2 replies
But there journey has a lot more variation and they may whip in and out of lanes and go from 75 to 50 and back up again...
Jason Elkins
Real Estate Investor with a SC Real Estate license. Is it worth the hassle?
4 March 2024 | 3 replies
Say your firm splits 50/50 with you (there will be some variation of the split it could be as much as 80/20 or 70/30) but that $12,000 comes into the firm and say you get 50%, so your taxable income on the transaction is $6,000.
Hemal Adani
How to find all liens on a property at foreclosure auction?
3 March 2024 | 10 replies
While most people search by owner name, you also need to search variations of the name and by legal description.
Emily Anderson
Full STR analysis in Okaloosa Island, Florida, WITHOUT using AirDNA.
4 March 2024 | 18 replies
Instead, this rise is influenced by certain listings being unavailable during this period, along with higher prices set by some high-end listings to offset lower demand.Now, let’s examine the variation in cleaning fees per day of booking across the year, applying the same filters as in the previous case.Here are some observations:In contrast to the average daily rate, the cleaning fee per day of booking remains consistent throughout the year.The average value for our subarea in Okaloosa Island (represented by blue dots on the map) stands at $20.6 per day of booking.Financial Case Study: Analyzing the Performance of a Short-Term Rental in Okaloosa Island, FloridaIn this section of our analysis, we are going to conduct a financial case study to understand the expected performance of a 2-bedroom / 2-bathroom unit in the southwestern area of Santa Rosa Blvd., in Okaloosa Island.Here is a summary of our findings from the previous sections:There are two demand hotspots for short-term rentals in Okaloosa Island, with the one located at the southwest of Santa Rosa Blvd exhibiting a higher occupancy rate (69.6%) and a higher average daily rate ($306).The top-performing listings in this area typically feature 2 bedrooms and 2 bathrooms, with 5 out of 8 listings having these exact characteristics.We have analyzed a chart containing the top 100 most common amenities for top-performing listings with 2 bedrooms and 2 bathrooms.The high season extends from March to the end of November, with May and July being the peak months.The average daily rate for a 2-bedroom / 2-bathroom unit in this area throughout the year is $306, with an average daily cleaning fee of $20.Now, assuming we have located in the for-sale market a 2-bedroom / 2-bathroom unit meeting all our criteria, our objective is to run a financial case study to estimate cash-on-cash returns and other relevant parameters.The chart below presents all the inputs for our financial case study:Some observations:We anticipate receiving 40 reviews within a 12-month period, which is a conservative estimate based on our previous analysis.The bookings to review rate has been established at 85%.
Alberto Nikodimov
Navigating Seasonality in the Short-Term Rental Market in Florida
1 March 2024 | 3 replies
Seasonality in the Short-Term Rental Florida Market remains a consistent phenomenon with minor variations each year.
Josh Haney
Real Estate license and how it relates to personal investments
3 March 2024 | 36 replies
Say your firm splits 50/50 with you (there will be some variation of the split it could be as much as 80/20 or 70/30) but that $12,000 comes into the firm and say you get 50%, so your taxable income on the transaction is $6,000.