Elvon Bowman
First time acquisition
16 January 2025 | 12 replies
And given syndications are a marketing game more than a real estate game, it begins to give you real marketing content to share with the world to help drive new leads for future deals.
Grant Woodward
Post cleaning pictures?
26 December 2024 | 9 replies
I have had around 100 stays (~35 with the current cleaning company) and no complaints about cleanliness ever, but in the event that there is an issue in the future, I can see how having pictures to confirm or dispute the guests complaints could be of value.
Charles Fay
What to do with savings
2 January 2025 | 8 replies
It will open doors for you in the future to accomplish your goals!
Mark Hafner
International vacation rentals
26 December 2024 | 6 replies
Mind you, with mortgage interest rates in the US being so much higher now (and seemingly for the foreseeable future), I wouldn't be surprised if LTRs in Europe would cash flow better than in the whole US nowadays (to be verified).This being said, I don't and would never invest in LT rentals outside of North America as I wouldn't want to face unfavourable landlord/tenant laws as a foreigner.
Jonathan Greene
Don't Become a Property Hoarder or a Door Counter
3 January 2025 | 40 replies
That will be you one day.Your future self will thank you (in 10 years).
Lyons Library
New Investor in Multi-Family Real Estate Looking to Learn and Partner
29 December 2024 | 2 replies
Many of the folks I worked with back during the dawn of the internet business era have moved on, so this is a learning curve, but I’m embracing it.Partnerships are something I’m open to, whether it’s working on your projects or collaborating on future deals.
Torrean Edwards
Stepping out on faith, but looking for support/advice
20 January 2025 | 18 replies
This was a brilliant idea, I didnt get to try it, but certainly will in the future.
Francis Van Steen
Anyone have experience working with Praxis Capitol
31 December 2024 | 14 replies
I am looking to buy into one of their offerings in the near future using a SDIRA.
Ivan Castanon
I need to change strategies. What should I do?
1 February 2025 | 45 replies
(not the future) Or the market?
Jonathan Small
Case Study: Cockroaches to Cash Flow
27 December 2024 | 2 replies
This provided a substantial return on the initial investment and freed up capital for future projects.Financial Highlights•Acquisition Price: $72,000•Renovation Costs: $35,600•Total Investment: $107,600•Funds: raised from personal savings and private lender•Appraised Value: $160,700•Monthly Rent: $2,150•Cash-Out Refinance: $3,200 after paying off private lender and myself•Rate and Term Refinance: 30 yr amortization, 7.25% interest, 70% LTV•DSCR: 1.45%Here's the breakdown of rental income and expense analysis:1.Annual Gross Income: $25,800 (Monthly rent of $2,150 x 12)2.Annual Expenses: $25,800 * 0.40 = $10,3203.Annual NOI: $25,800 - $10,320 = $15,4804.Annual Debt Service: $10,680 (Calculated previously using a mortgage calculator with a loan of $131,775, 7.25% interest, and a 30-year term)5.DSCR: $15,480 / $10,680 = 1.45 (approximately)With a 40% expense ratio, the DSCR is approximately 1.45.