Sold on 11/22/2024 for $110,000, this project highlights our strategic approach to revitalizing homes and delivering exceptional returns for our partners.

These focus less on personal income and more on your business cash flow or the projected rental income of the property.If you have a rehab project, you may want to start with a hard money loan and refinance into DSCR once you are done with the rehab. 

If the property fails to meet our criteria, we're out of that money and must move on to the next project.

Research sold properties to see if the #s would make sense given your projected down payment amount.

Sounds like you have taken on a big project for your first one, but that's how we learn.

I'd like to see the templates others are using to accurately project Cash on Cash and Cash Flow. 

Let’s say your deal analysis comes out to zero.  

After some minor maintenance projects and improvements, have had very few issues and cashflow has been slightly better than expected.

Challenges with finding people who want to do a smaller projects and not cost exorbitant amount of money Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Ensure the STR’s projected income comfortably covers new debt, even with conservative occupancy rates, and maintain reserves for market changes or vacancies.