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15 April 2022 | 3 replies
This is different than Pigeon Forge and Branson vibes which have tons of tourist attractions, and many guests use their STR cabin as a “launch pad” for doing touristy things.So what’s the point of this post?
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31 July 2017 | 72 replies
So lets brake down HM with an Example: (we have our numbers of ... )PP 50Rehab 30ARV 110Interest .13%Pts .041st) Calculate Down PMT: ______HAVE__ |__NEED_______Loan .65%(LTV) X ARV 110 = 71,500 | PP 50 | Rehab 30 | CC 3 | Pts .04 X Loan 71,500 = 2,860 | Ins 600 | Survey 383 | Mis+Fees 1,000 ------------------------------------ 71,500 | 87,843NEED - HAVE = Est Down PMT87,843 - 71,500 = 16,343 2nd) Cash_________________ VS___________________ HM:CASH | Hard MoneySOLD 110 | SOLD 110PP 50 | Loan 71,500 Rehab 30 | Interest .13% X Loan 71,500=9,295/12=774X4mo's=3,098CC 3 | REcom 6.6REcom .06% of ARV = 6.6 | Down PMT 16,190------------------------------------------------------------------------PROFIT 20,400 | 12,612Difference:CASH - HM = Savings20,400 - 12,612 = 7,788Profit Margins:Cash | Hard Money20,400 / 83,000[PP+Rehab+CC] | 12,612 / 16,190 DownPMT= 24% | = 77% |So you can buy 1 house and get | Or you can Buy 110/16,190=6.7 so 6 houses20,4000 | 6 X 12,612 = 75,672 |This is just an example JUST an EXAMPLE
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27 September 2023 | 23 replies
Quickly build their experience, and pad them with some profit, and now we get to use real estate profits to move up slowly and scale at the proper speed.Starting too fast can be a recipe for disaster if things do not go well out of the gate.
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27 November 2023 | 9 replies
Maybe include a guide of the best restaurants around your property, or other places with attractive landscapes or good activities for your guests.In the Airbnb hustle, creating a space that appeals to a wide range of guests is a big deal if you want your pad to reach its full potential.
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30 October 2023 | 9 replies
It has great potential for football season and summer.My estimate is $50k (padded) for repairs.
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10 September 2023 | 2 replies
I’d need a well, ~$50k and solar and site prep septic / pad ~$50k and a used manufactured home with a HUD tag for $50k delivered.
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31 July 2018 | 10 replies
If he does finance it, do I essentially pay him interest on that "loan" while he's building or will he just pad in some fee (which of course has to be cheaper than what I'd pay in Capital Gains).
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24 January 2023 | 12 replies
It's Dec. 13 episode of "Get Paid for Your Pad" titled "Create Long-Term Wealth by Acquiring Airbnbs".
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18 November 2023 | 11 replies
It could very well be that the house was doomed from the very beginning due to one of the following - which would limit it to just that one parcel (from Source: Anchor Construction Repair - and more):1.Poor pad site development at the time of construction,2.Timing and conditions at the time of slab installation,3.
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16 November 2023 | 7 replies
My car needs major front end and brakes all ?