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Results (10,000+)
Brandon Bell Lots of equity and cash flow...what should I do?
12 August 2024 | 8 replies
But I have been looking into splitting the duplex into two condos (yes I know it is a lot of work) and I could probably get 325-350k for each, netting me 650-700k.Number:* Mortgage interest 2.5%* Mortgage principle 240k* PITI $2100/month* Rent 2200/month (current tenant on a two year lease)* Potential rent on my side $2400/month * 100k HELOC at 11% (fixed) (not currently being used)* est additional cost to split the dueplex 75-100k (conservative, probably less)     *new siding 30k (just put on a new roof this year)     *legal 10-15k     *fire proofing 15k     * 15-40k for stuff I am not aware of or underestimated on* some of the appreciation is external from the home     *big grocery store put in 3min away     * newly paved road in front of my house     *a building that was falling down across the street has been torn down          * Still a vacant lot with the foundation exposed and fencing around it (so more local improvements are on the way)Part of me wants to take the money and run but man I love that 2.5% interest rate and the $2000/month cash flow (including taxes and capx)I have thought about 1031 exchanging into more rentals, but I would like to pivot into storage units.
Ahmed Omran STR Tips & Advice
13 August 2024 | 10 replies
Research your competition to see what amenities they offer and look for opportunities to add or improve upon these features to make your listing more attractive.
Michael Csrnko Rezoned to allow for ADU
12 August 2024 | 2 replies
Quote from @Michael Csrnko: This is a great example of taking an existing property and adding value through improvements.
David Lutz The Myth of Cashflow – and understanding how to reserve properly and model.
15 August 2024 | 86 replies
Rehab to improve rent another story.
Annie Seurer Do kitchens & bathrooms need to be fully renovated & updated?
13 August 2024 | 13 replies
Looks like a waste of money for a marginal improvement.
Mike Mitchell Note Servicing Companies
14 August 2024 | 42 replies
This alone is a complex issue as the buyer needs to be able to make repairs and improvements, seeing that they are professionally done is another matter.
Annie Balagot Need STR marketing help please
15 August 2024 | 28 replies
I'm still making improvements, just started in March of this year.
Julie Muse Strategic Renovation Yields Success: Turlock Triumph!
12 August 2024 | 0 replies
Our team meticulously managed the project, ensuring that all improvements were completed on time and within budget.
Austin Powell Tips for First REI/House Hack Deal
12 August 2024 | 10 replies
I am extremely handy with a vast collection of tools so can perform improvements myself.
Jesse Turner For larger operators: do you analyze guest feedback/comms?
12 August 2024 | 7 replies
Larger operators will get dozens of reviews per month and many more touchpoints in direct communications.Do any of y'all use a vendor, team member, or software to analyze these interactions for insights into areas of opportunity to improve guest experience?