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10 January 2025 | 67 replies
Maybe Airbnb it a few times, cover some expenses.
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30 December 2024 | 89 replies
For a 2 bedroom my projected ongoing is around 13-15k (not counting the rent) at the end of the year because this is my first Airbnb Arbitrage I have and will make mistakes expense wise, the start up costs also is not factored because furnishing and starting everything from scratch obviously will skew the ongoing expenses which would add another 5-8k but I played it smart and have most of the funding charged to buisness credit cards with 0% APR for 12-18 months such that I save money and can take the year in paying back also with sign on bonuses which will save me up to 1.2k or more.If and when I hit my conservative projections my profit should be around 16,300-22000 by the end of the year this is after rent, expenses, cleaning fees and so on.
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24 December 2024 | 24 replies
Therefore, I want a partner because I have had success in multiple markets in the south, west, and east to help with those expenses so I can help more sellers.Can you share more information about private lenders or what strategy may be optimal?
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22 December 2024 | 5 replies
It is possible to self-manage and save on this expense (or at least keep it for yourself).
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27 December 2024 | 27 replies
That is clever Pat, Hard Money is just so expensive that I have been reticent.
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19 December 2024 | 5 replies
First you need to learn to separate the following:Maintenance: usually things related to wear & tear or tenant damage.Repairs: usually broken items like doors & windows, caused by tenant or nature.Capital Improvements: usually expensive things that wear out: hot water tanks, furnaces, roofs, etc.The seller is correct that Repairs & Capital Improvement items should not be a factor for awhile (ALWAYS get your own inspection to confirm).
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18 December 2024 | 5 replies
Make a spreadsheet with current income and expenses and then figure out how long until rent surpasses expenses.
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28 December 2024 | 16 replies
I'd hate to add more expense to this whole deal.
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19 December 2024 | 28 replies
Put in expensive toilet paper and see if you get comments on how nice and cushiony it is.
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24 December 2024 | 12 replies
@Breeya Johnson the entire market currently is in a cooling cycle with price declines and inflated expenses like property taxes and insurance.