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20 December 2024 | 10 replies
For example, people look to book about one month out, so for January you might not get any bookings.
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14 January 2025 | 19 replies
Avail costs $9 a month per unit with no start up costs or annual contract which isn't bad.
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3 January 2025 | 2 replies
Making effort a top priority, I was able to put up some satisfying numbers.On the phone [from 11 July 2024]:📞 11,005 Calls🏘️ 2317 Addresses Reached📌 50* Leads Generated🔎 7* Properties to due diligence phase📆 2 Scheduled Closes💰 1 Closed*Denotes: Database did not track metric from Day 1.The last 6 months have given the groundwork to build on.
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7 January 2025 | 4 replies
It lasted a few months, and we stated that it was not going to work anymore.
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5 January 2025 | 7 replies
Then I save that amount each month in reserves until I need them.
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10 January 2025 | 14 replies
Refi after construction.These numbers consider only the portion of costs of the HEL attributable to the land purchase, not the payoff of the HELOC (which we took out to buy the Seaside condo).Cash In: $66,166 (Cash, 1 year of debt service of HEL, debt service of const. loan, furnishing)Amount Financed: $548,000 (home equity loan + construction loan + closing costs)Total Cost of build: $614,166ARV: $850,000 (or rather "after construction value")Refi $637,500 (75% of value + closing costs) Cash Out $89,500New payment $4500/month (54,000/year)Estimated Cash Flow (pre-tax numbers, so actual mileage may vary)airBNB year 1: $70,000 (net income $16,000)airBNB year 2: $100,000 (net income $46,000)airBNB year3+: $120,000 (net income $66,000)ROI (construction year): 0ROI Year 1 of STR: 24.2% ROI Year 2 of STR: 69.5% ROI Year 3+ of STR: 99.7% Did I calculate these ROI numbers right?
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5 January 2025 | 4 replies
A few months back, a fellow broker brought me a pocket listing for a newly built and stabilized 32 unit apartment complex.
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15 January 2025 | 10 replies
I'm a very conservative investor and may look through a hundred deals a month, and at the end of the year only invest in 4-5.
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30 December 2024 | 0 replies
If I were to do month to month , do I re sign a lease stating month to month?