
26 December 2024 | 2 replies
In the meantime, enjoy the free energy they provide?

4 January 2025 | 23 replies
If you watched the video I provided in the post It will explain how the strategy works very clearly.also thanks for the advice!

26 December 2024 | 2 replies
Are there any members in Madison County, Illinois who can provide any guidance on the eviction process, with any tips or lessons learned.

28 December 2024 | 8 replies
I have never provided a water dispenser/ice maker in any of my other units, but rather a Brita and ice trays with no complaints.

27 December 2024 | 2 replies
This provided a substantial return on the initial investment and freed up capital for future projects.Financial Highlights•Acquisition Price: $72,000•Renovation Costs: $35,600•Total Investment: $107,600•Funds: raised from personal savings and private lender•Appraised Value: $160,700•Monthly Rent: $2,150•Cash-Out Refinance: $3,200 after paying off private lender and myself•Rate and Term Refinance: 30 yr amortization, 7.25% interest, 70% LTV•DSCR: 1.45%Here's the breakdown of rental income and expense analysis:1.Annual Gross Income: $25,800 (Monthly rent of $2,150 x 12)2.Annual Expenses: $25,800 * 0.40 = $10,3203.Annual NOI: $25,800 - $10,320 = $15,4804.Annual Debt Service: $10,680 (Calculated previously using a mortgage calculator with a loan of $131,775, 7.25% interest, and a 30-year term)5.DSCR: $15,480 / $10,680 = 1.45 (approximately)With a 40% expense ratio, the DSCR is approximately 1.45.

30 December 2024 | 16 replies
The operation of an STR has almost nothing to do with real estate and 100% to do with hospitality, that is where you can distinguish yourself from other operators, provided you made a good decision in your initial purchase.

29 December 2024 | 24 replies
And you can provide a good value by charging a lot less than the big operators.
29 December 2024 | 9 replies
If the building cannot be salvaged, a lender could still provide financing for land value less demo cost.

26 December 2024 | 9 replies
It ensures they did a good job and a thorough job, it also provides evidence of the state the house was in when guests arrived in case there are any guest complaints or guest damage.

24 December 2024 | 1 reply
The provider I am using allows for 60 days of continued coverage once construction.