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5 January 2025 | 4 replies
With rates high, I don't see much changing in the market as buyers struggle to afford a mortgage.
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9 January 2025 | 1 reply
I was wondering if most wholesalers have stopped using direct mail and just moved to google/facebook to find deals?
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4 January 2025 | 14 replies
unfortunately this marketing specialist was NOT a specialist in marketing for real estate businesses, did not understand the unique requirements and characteristics of real estate, and hence implemented their “generic” on line marketing program.
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6 January 2025 | 0 replies
If you're a landlord or investor in the Charlotte area, you might have noticed something unusual in the rental market this winter.
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21 January 2025 | 40 replies
I was googling programs and came across baselane and it sounds like exactly what i need.
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19 January 2025 | 17 replies
I think once you get more than that, you would need a more expansive program
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8 January 2025 | 5 replies
anyone have any experience with Walter Wofford and his short term rental education programs?
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7 January 2025 | 0 replies
Seller is the Agent.Seller bought property in January of 2023 for $730,000Current “As Is” Value : $770,000Target Acquisition Price: $730,000-$780,000 After Repaired Value: $900,000Repair Estimate: $120,000Initial Offer Amount: $715,000Loan Program: Bank Statement Program.Total Estimated Monthly Payments (Principal, Interest, Taxes, and Insurance) $5500/month (based on $770k purchase price)Estimated Gross Yearly Income from Short Term Rental: $160,000 (65% Occupancy, $700 a night| (STR Listing Comparable properties Listing 1 Listing 2 Listing 3)Net Monthly Income after management and taxes: $11,751.25Net Monthly Income after Mortgage Payments: $6251.25 ($75,015) Per YearTotal Cash Investment: $297,000 ($177,000 in down payment and closing costs and $120,000 in repairs)Average Yearly Return on Investment: 25% yearlyAverage increase in property value per year: 5%Average increase in booking revenue per year 7.5%Property Value average after 10 years: $1.5 millionTotal Cash received over 10 years: $1.3 million.Total Equity multiple min over 10 years: 6x total return on $297,000 invested.
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12 January 2025 | 2 replies
I am looking to join a mentorship program to help lower my learning curve and until I find it, I am educating myself with books, as well as YouTube University and great advice from the BiggerPockets community.I do work full-time in a career that I love and is very rewarding, but I also know I won't attain my goals with my current job.
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7 January 2025 | 2 replies
I have purchased an off-market property from an investor who now wants to sell the rest of his portfolio.