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9 December 2024 | 5 replies
Personally I have not had much luck with seller financing when there are agents involved - most don’t understand it and think it just makes the deal more complicated.Did you check with your bank to see if they will mind you having a second loan on the property?
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11 December 2024 | 6 replies
I think you can accomplish it, but you would want to check the inventory in the area for MTR because most MTR will want to stay privately.
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7 December 2024 | 25 replies
I understand that AirDNA shouldn't be the sole source of data.
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30 November 2024 | 2 replies
Common issues include incomplete data (e.g., missing property taxes or HOA fees), unreliable rent estimates, and the time-consuming process of manually calculating metrics like cash flow or ROI.Platform Preference: A web-based platform would work well for in-depth analysis, but a mobile app would be crucial for on-the-go research and quick evaluations, especially when touring properties.Wish-List Features: A tool that integrates local market data (rental demand, appreciation rates, or vacancy rates) and offers scenario modeling (e.g., "What happens if I increase rents by 10%?")
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1 December 2024 | 3 replies
Additional Details:The property is in a desirable area with good amenities nearby.STR data from AirDNA shows decent revenue potential, but the lack of comps makes me hesitant.I’m looking for a balanced approach that minimizes risk, even if STR performance doesn’t hit expectations.If anyone has experience investing in Cincinnati or navigating markets where STR data is sparse, I’d love to hear your thoughts.
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11 December 2024 | 5 replies
Most states allow you to enter with notice for a valid business reason, and checking the condition of a property that has been vacated is certainly a valid business reason.
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9 December 2024 | 5 replies
Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.
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10 December 2024 | 4 replies
Don't know if any of those apply to you or not, but good to check with your lender today and get them to run your credit so you know what your targets are.
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4 December 2024 | 33 replies
If house hacking is not an option, you can try out-of-state investing and check markets you are comfortable exploring.
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10 December 2024 | 10 replies
Software: Stessa for accounting, Deal Check for quick and dirty analysis of potential purchasesMarket positioning: Pet-friendly (fenced-yard, accept dogs and cats), well-designed homes, off-street parking, suburban, full cable TV package (not streaming only)Pricing: Targeting upper-middle market (not budget-conscious guests)So far, so good (since 2020)