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17 December 2024 | 20 replies
Made me remember.
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15 December 2024 | 19 replies
Remember: someone bought the house from The Amityville Horror.Best regards, Stevan
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11 December 2024 | 34 replies
Quote from @Trent Reeve: Quote from @Bruce Woodruff: Quote from @Issa Joseph: I DIDNT GET IT LOL for now my business plan doesn't support this purchase but an extra 10k per unit per year profit is significant growth in revenue But ask yourself - how much of this $10k increase (remember alleged) could you gain yourself by doing research and asking questions on this forum.......?
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15 December 2024 | 13 replies
About 20% use DSCR (usually 20-25% down) and the rest are cash or hard money or something else.For $325k purchase:1) As a broker I would negotiate down as its been on the market a while and its especially now in holidays)2) I would also negotiate seller paid closing cost credits, most loans allow 3% which should cover most or all of that.3) Assuming you paid $325k but got closing costs covered I would anticipate a minimum of $32,500 down and maximum $65,000 down depending on lending product chosen.4) Remember you still must furnish and I use $20/ft as a safe estimate to fully outfit an STR property.Best of luck!
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9 December 2024 | 11 replies
I remember the new host discounts, however, I have accidentally removed discount and now Airbnb will not allow me to reapply it.
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11 December 2024 | 6 replies
Remember this: the answer is ALWAYS no when you ask.Having said that, I've been able to get several seller finance deals.You need to have a motivated seller who doesn't need the money at sale.
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11 December 2024 | 6 replies
And don't underestimate the power of a strong first impression – a well-maintained exterior with a fresh paint job is key.Just remember, even with the best upgrades, color choices matter.
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11 December 2024 | 6 replies
If you have 60k equity and 10k cash, slow down and remember this - you need 15k for reserves for a new property and you should always only use half of your equity which would leave you with 15k for downpayment and 10k cash for renovation.
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11 December 2024 | 6 replies
I remember listening to on of the bigger pockets podcasts and it was the first time I heard rent by the room strategy work really well.