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17 February 2025 | 8 replies
Our average monthly revenue is $2,675.We have had 46 stays so, $4,600 in cleaning fees (the cleaning fees are included in the avg $2,675 monthly revenue) If we have someone clean it, it costs $100.
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13 February 2025 | 6 replies
For a variety of reasons, including keeping this potential project "need-to-know" only right now, I want to get a ballpark estimate with full understanding that the goal posts could move in either direction as the project gets more discrete.
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18 February 2025 | 7 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).
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19 February 2025 | 8 replies
Some mortgage providers that I've found include Milo, BlockFi and Alchemix.fi.
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11 February 2025 | 2 replies
Owning rental properties, including STRs, does not allow you to fund SEP IRAs.
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6 February 2025 | 18 replies
I immediately got home and created a laminated note about the unique local bakery, which bakes the best croissant I have ever tasted, including the croissant I had in Paris, just around the corner of the Airbnb listing.
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9 February 2025 | 4 replies
I'd be happy to include you on our list as well so you could such receive weekly snapshots.
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16 February 2025 | 2 replies
Investments are investments- I think everyone understands that there is no guarantee for the return, but many potential benefits including the payout coming tax-free.
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19 February 2025 | 7 replies
October is a popular conference month since the weather is usually nice in most places (including Vegas!)
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19 February 2025 | 4 replies
Risk Mitigation StrategiesThorough due diligence: Always conduct thorough due diligence on any property before investing, including inspections, appraisals, and market analysis.