
5 June 2024 | 2 replies
There's < 2 months of seasoning for the purchase, cash into the deal is ~$975k w/o rehab (minimal planned so far - turnkey), purchased the property for 35-40% below assessed value, 825+ FICO, and would optimally like to pull out $975K-$1.15M of equity.Main scenarios we've thought of to accomplish this are: 1) structure sale of property from SMLLC to self and secure 30-year new purchase financing on deal (unsure if legal and tax implications if above initial cost basis)2) delayed financing (LTV restrictions a concern)3) cash out refi (seasoning concerns)4) DSCR (seasoning and rate competitiveness concerns)5) one of the above plus a HELOC, personal loan, etc.?

5 June 2024 | 21 replies
I like the product but their policies drowning them down in competition.

5 June 2024 | 6 replies
You want to be competitive but also make sure you’re covering your costs and hitting your financial goals.How Can I Make Sure That I Do Not Rent the Home Out Under Market Value?
8 June 2024 | 40 replies
Definitely compare hotels as part of your competitive data set (comp set) as lots of tourists will consider both.

5 June 2024 | 16 replies
$250 is about the average of what our competition charges so this is working well for us right now.

4 June 2024 | 42 replies
Go to MLS.1) As if there is no competition on MLS?!

4 June 2024 | 6 replies
Before you make your decision, check Furnished Finder to see what the competition looks like and how many have wide open calendars to get a sense of supply & demand.

5 June 2024 | 6 replies
I like the product but their policies drowning them down in competition.

4 June 2024 | 23 replies
Any market can work, you should consider a market that you have some 'competitive advantage' compared to others.Think of an area that you grew up in, went to school, visit friends / family, visit often, best of luck.Also, do you have any experience in rentals / short-term rentals.Air-bnb's hosts have become 'commercialized'.You will not out-perform a host who has years of experience, does this 24/7 and has a team of support.Best of luck.