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Results (1,632)
Alex Silang What drives you to aim to attain super wealth?
28 December 2024 | 23 replies
I had a deposit on a Cirrus Jet and that was driving me to attain more income as owning a Jet is a 200k minimum a year expense.
Waruna Yapa Who has the best rates and how to shop for them?
8 January 2025 | 14 replies
My markup is always lower than the original lender's because I don't spend money advertising during the Super Bowl, my president doesn't have a corporate jet, and we don't have layers of management we need to pay.
Jorge Caceres Utilities included worth the risk?
7 January 2025 | 28 replies
A foosball table, a "Log Cabin (or other trendy) theme", or 3-jet shower probably have a better place in an STR than an MTR.
Garrett Brown A very simple way to increase your ROI inside your STR
9 January 2025 | 35 replies
We connected with a jet ski and boat rental company near our lake for a discount and commission per booking at one property. 
David To California call for class action lawsuit on Eviction Moratorium
14 January 2025 | 329 replies
And look around for a new jet ski,etc.
Rob Hakes What the heck just happened.......
12 December 2024 | 2 replies
I hire a contractor to jet the line. 
Arthur Crum RAD Diversified SCAM ALERT!!!
20 January 2025 | 242 replies
Syndicators who bragged about how smart they were, showed off fancy lives, cars, private jets, and mansions, second homes, and wrote books and sold expensive courses about how smart they are at investing are being exposed all over the place.
Drew Giltner Help me analyze this deal
5 December 2024 | 4 replies
I run sum numbers for you please see comments below before refinancing and post refinancing .If I were in your position, I would approach it as follows:Initial Investment Assumptions: Market Value: $360,000 Purchase Price: $360,000 Equity: $0,000Financial Breakdown: Hard Money Loan (LTV 100%): $360,000 Interest Rate: 10% (30-Year Amortization) Monthly Payment: $1,995Upfront Costs: Origination fee (1%): $3,600 Closing Costs (3%): $10,800 Renovation Costs: $10,000 2 Month of Carrying Costs During Renovation: $5,390Total Upfront Required: $29,790Total Capital InvestmentPurchased price $360,000 Upfront Costs $29,790Total: $389,790To make this investment work, you need to rent the whole property for at least $3,165/month, refinance it let say after one year with 5% interest with a traditional mortgage.Year One Rent: Monthly Rent Income: $3,165 Monthly Rent Losses during renovations (2 Months): -$6,330 (-$527/month distributed over 12 months) Total Rent Income: $31,650 per year => $ 2,638 per monthMonthly Expenses: Hard Money Loan Payment (10% Interest): $1,995 / per month interest only Property Tax (Assuming $3,000/year): $250 per month Property Insurance (Assumption): $100 per month Utilities (Hydro, Gas, Water): $292 per month Assuming 0% Vacancy first year Assuming 0 % Repairs & Maintenance first year because unit has been recently renovated Total Monthly Expenses: $2,637Monthly Net Cash Flow: $1Post-Renovation Refinancing Strategy:So far, we’ve purchased the property, completed renovations, and rented it out.Next, you can approach the bank for a refinance to consolidate your initial investment of $29,790 plus your 360k debt into a mortgage.
Dan H. Underwriting STR - Looks promising but deeper evaluation shows poor return
15 December 2024 | 13 replies
You like the action of getting out so I see that is no good reason to buy.Cool yer jets my man.
Michael Baum Mike's Deal of the Day - Black Friday Deals - One for the higher end!
28 November 2024 | 2 replies
The one we have isn't as fancy and it cost over $600 10 years ago.What is really nice about this one is the heating jet.