Kavya Veerapaneni
Moving to Danbury, CT – Seeking Advice on House Hacking and Local Strategies
26 December 2024 | 7 replies
So if the short term rental is the first floor might be less likely to cause annoyance vs it being on top or if the beds and living rooms are side by side or opposite ends of the building.
Alex Longinidis
Buying First House Hack
17 December 2024 | 17 replies
First floor has a newer furnace (2016), two units upstairs share one furnace.
Brian Ruland
4 bed 3 bath House Hack
19 December 2024 | 1 reply
Renovated: Added granite, high end finishes and fixures, landscaping, new flooring and painting throughout.
Dan H.
Underwriting STR - Looks promising but deeper evaluation shows poor return
15 December 2024 | 13 replies
Why do you have 24k in cleaning fees as expenses for an STR?
Avery Oblepias
Section 8 Tom Cruz
10 January 2025 | 22 replies
Section 8 is a nice program, but you will get low IQ tenants who don't know how to clean properly.
Dina Schmid
Is a Loft a Bedroom?
18 December 2024 | 13 replies
Generally:Minimum size: Most jurisdictions consider a minimum of 70 square feet of floor space.
Myers Bryan
Floorplan software recommendations?
14 December 2024 | 2 replies
Here are some top-rated floor plan apps that meet your criteria and might work better for your needs:1.
Jed Butikofer
No more mortgage payment, but not yet FI/RE: How should I utilize these funds in REI?
20 January 2025 | 37 replies
Then clean up or subdivide and sale.
Hermes Kanaris
Wanna be a surgeon? Dissect this deal with me.
30 December 2024 | 14 replies
Let’s break it down with the 70% rule to see if it’s investor-friendly:ARV: $190,000 (taking the middle of $180K-$200K)70% of ARV: $190,000 * 0.7 = $133,000Minus Estimated Repairs:Roof: $20,000AC: $4,000Additional repairs (general estimate for a property needing updates, say flooring, paint, minor plumbing): $10,000-$15,000Total Repairs: approx. $35,000Max Buy Price for Investor: $133,000 - $35,000 - $10,000 (wholesale fee) = $88,000Since you’re getting it for $91,000, you’re close, but to make it irresistible, consider negotiating the purchase price down a bit further.
Marc Shin
Boardgames and other low cost amenities in STR
28 December 2024 | 19 replies
We actually keep a pantry pretty well stocked with basics: tea, coffee, cleaning supplies & laundry stuff, cup of noodles, ramen, soup, oatmeal packets, microwave popcorn, spices, bottled water, lemonade mix/crystal light, etc.