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24 October 2024 | 1 reply
My partner funded the entire purchase price, and we are about to refinance at the market value, allowing him to get all his cash back with a profit and allowing me to buy the house with no money down.
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24 October 2024 | 1 reply
.- Special Discounts: We offer last-minute deals and early booking discounts to fill any empty nights while maintaining profitability.- Using Pricing Tools: We check our pricing tool, PriceLabs, to set the best rates for the day.2.
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25 October 2024 | 13 replies
A DSCR of 1.25 or higher is usually required.Property Appraisal: A professional appraisal to determine the property's value and income potential.Business Plan: Lenders may require a detailed business plan outlining your strategy for managing and profiting from the property.Experience: Demonstrating your experience with smaller multifamily properties can be beneficial.
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28 October 2024 | 7 replies
Typically those don't have much chance of achieving their revenue growth or profit targets.
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25 October 2024 | 9 replies
My advice would be to take the time to vet the right PM company because that will be the difference between profit or loss.
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24 October 2024 | 12 replies
So while there are tax advantages, running the company itself might not be highly profitable on its own.
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28 October 2024 | 24 replies
The insurance and taxes are tied into into the mortgage payment I was able to get the house for 3.5% so I have to pay pmi which is why the mortgage is higher I’m trying to figure out a way for it to be profitable
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25 October 2024 | 11 replies
I am looking to review the subscription doc to get a better understanding on the profit share calculation after 100% of my initial investment capital is returned
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24 October 2024 | 5 replies
(about $20K in profits) I've developed and perfected a strategy to manage these tenants (and I'm a Hilton/Marriott hotel General Manager so its not difficult for me)The only thing(s) that are in our way from scaling quickly is;1) a consistent unlimited supply of tenants looking to rent bedrooms, 2) a partnership with a rental management company (we arbitrage 50% of our homes)3) I guess some capital but really only depending on how quickly we decide to scale.MyRoom is the name of the company, (lazzarapm.com) anyone have any thoughts, recommendations, suggestions on how to achieve this, FAST?
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22 October 2024 | 0 replies
This deal was a quick flip with no renovations required, showcasing Partner Driven’s ability to identify opportunities and generate profit through speed and market insight.