Cash-Out Refinance: If your Airbnb property has enough equity and is performing well, a cash-out refinance could free up funds while keeping the property working for you.

Joel is revealing how much money “leaks” out when operations are not prioritized, and how much the bottom line can be enhanced when it is.   

As fund manager you owe your investors a fiduciary responsibility which I can foresee as a basis for lawsuits should the fund not perform as anticipated.  

Some states will give the underlying land while others will give the land but expect the newer owner to compensate the old while still others would require the owner to compensate the person who performed the value add.

I read in the thread he has do reno 5 of them as well, hmm I wish this poster all the best, Someday when I grow up I will be like youAll the best  it maybe a bit much but at least your prepped for it and if you do better on some of them then thats fine but expecting these type of assets to perform with section 8 tenants over the years as he has stated is just dreaming.  

Especially when I saw the high rankings on Airdna for DFW and started to dig into the highest performing listings and sub markets around the area.

Exterior Deck or PatioAdding an outdoor living space like a deck or patio extends the usable living area and enhances the home's appeal, especially in regions with warm weather.In addition to these improvements, understanding the local real estate market and focusing on upgrades that align with buyer preferences in that area is crucial for maximizing ARV.Noah, thank you for this great feedback.

Alternatively if they all love the deal, that's also likely a good sign.You can get a dog of a property in a crap neighborhood that will yield a 13.6% gross cap (not saying yours is), but that certainly doesn't tell the whole financial picture of how the asset will perform.

Even if rents are trending up, if your tenant base can't make ends meet, the asset won't perform.

While under contract, we perform due diligence and there will be some soft costs incurred.