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6 October 2024 | 26 replies
I don't think it is that accurate sometimes, but combined with the review on the 2 OTA's, you should get a pretty good idea.You can also go to Awning.com's estimator - https://www.awning.com/airbnb-estimatorIt is free and pulls the same basic data AirDNA does.
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4 October 2024 | 8 replies
Hi Brian,You're on the right track, but to determine if you're truly generating cash flow, it's important to look beyond just your mortgage payment.Here's what to consider:Income: You're receiving $2,100 in rent, which is great.Expenses: Besides your $3,232 mortgage, you likely have other expenses like property taxes, insurance, maintenance, utilities (if you cover any), and potential vacancy costs.If your total rental income exceeds all of these combined costs, then you're generating positive cash flow.
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11 October 2024 | 30 replies
The mountains aren't going anywhere and this is still the busiest National Park in the Country (busier than Grand Canyon, Yellowstone, and Yosemite all 3 combined).
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4 October 2024 | 8 replies
However, if your spouse qualifies for REP status (for example, if they are a stay-at-home partner), you may be able to apply the losses to offset your combined income.
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3 October 2024 | 15 replies
House hacking is the most powerful way to get started in real estate investing, and it sets you up for success because you learn so many things: dealing with contractors, how to screen tenants, lease negotiation, but most importantly, your goal should be to reduce or eliminate your housing cost, and there are a lot of ways to do with house hacking depending on your flexibility with strategy: rent by room, Section 8, mid-term rental, STR, etc, and you can combine multiple strategies too.
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4 October 2024 | 16 replies
This is before even the problem that these techniques and strategies work only in a limited number of opportunities, and these opportunities can only be recognized by someone with knowledge of real estate principles, law and finance. interestingly, what seems to sell nowadays is this pop cultural belief that education in anything but specific techniques is worthless; that something called motivation, combined with a positive mindset and an unwillingness to accept reality will triumph over anything else and lead to massive success.
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3 October 2024 | 7 replies
@Aristotle Kumpis There is no reson you can't combine buying Infill lot with Build to Rent.
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9 October 2024 | 312 replies
Thanks to BP, since 2020 I've acquired 7 units now worth $2.5m via the slow and steady method of house hacking combined with smart personal finance habits I've learned from BP and other within the sphere podcast like Choose FI, Afford Anything etc.
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3 October 2024 | 6 replies
Let's say ARV is $300k, and sale costs are combined 8% so $276k net sale, that puts you at 80% of the total cost, it gives you a ton of margin for errors and mistakes that I would almost promise you will happen in a project like this.
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2 October 2024 | 1 reply
A former Rite Aid in Alpharetta, Georgia, has been transformed into Off Leash, a combination dog park and restaurant.