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8 January 2025 | 10 replies
My last visit was in 2021 and owners were limited to one guest per month.
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6 January 2025 | 28 replies
The mortgage payment is $1,000 on each house, so you earn $500 per house or $2,000 monthly.
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6 January 2025 | 31 replies
Many distributors also offer financing and can give you an idea of what monthly loan payment you’d be looking at.
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14 January 2025 | 11 replies
If you are looking to build connections specifically in the DFW metroplex I have been hosting a monthly meetup for the past 3 or so years, id love to connect and get you some more info!
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4 January 2025 | 5 replies
. ==== Projected Income ====**Off Season**-$4,000/Month Rent Period: September - May (7 Months) Projected Income: $28,000**Summer 1**-$8,000/Week Rent Period: June (4 Weeks)Projected Income: $32,000**Summer 2**-$8,500/WeekRent Period: July-September (12 Weeks) Projected Income: $102,000**Optional** (Basement Apartment)-$2,000/Month -Rent Period: Year Round Projected Income: $24,000TOTAL PROJECTED INCOME: $186,000 ==== Operating Cost ====-Mortgage: $84,000 ($7,000/Month) -Utilities: $36,200Gas $6,000 ($500/Month) Electricity $6,000 ($500/Month) Internet $2,400 ($200/Month) Garbage $5,000 (Estimate) Pool $4,000 ($250/Week)Landscaping: $4,000 -Mowing: $2,400 ($150/Week) -Clean Ups: $1,600 (Spring & Fall)-Weekly Turnovers: $8,800 ($550/Week)==== Legal Cost ====Summer Rental Fee: $20,100 (15% of $134K)Sandwich Rental Tax: $6,855 (15% of $45,700) NET PROFFIT: $38,845.00
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8 January 2025 | 4 replies
Long and short, when I now look at my "return on Equity" numbers as opposed to my casual on cash return numbers it makes all the sense in the world for me to sell.Wholesalers contact me at least once a month the past 10 years and are always asking if I want to sell one of my properties, but I'll be hard-pressed to ever find a wholesaler that wants to pay me for what these properties are worth and is also willing to buy all the properties in one transaction which is how I'm looking to sell.Given how good our return numbers are here in northeastern Ohio compared to the parts of the country I know that out of state investors would definitely be very interested in in this portfolio.
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5 January 2025 | 39 replies
Then my second house which was freshly turned had a tenant that up and left after a couple of months and caused excessive damage.
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5 January 2025 | 7 replies
But…There’s ZERO chance I would rent by the room for $600/months more.
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7 January 2025 | 13 replies
Columbus - less monthly cash flow - higher predicted long term appreciationDayton - More monthly cash flow - standard expected appreciation
11 January 2025 | 12 replies
The company managing our property as a vacation rental was unable to get the power turned on in our condo for months because we had to get the meter switched into our name with the electric company (which is much more difficult to do in CR than in the United States).