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9 September 2024 | 5 replies
I was wondering what are wholesalers and flippers in the Columbus Ohio area using to roughly estimate rehab cost per square feet?
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9 September 2024 | 7 replies
Who is installing baseboard and quarter round.
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20 September 2024 | 114 replies
Make your decision to hold the property or just take the hit and unload rhe property.I'm sure the master class got you pumped up to jump in with both feet, but I hope they spent time on running the numbers and doing proper due diligence.
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10 September 2024 | 1 reply
Here’s the situation:Key Project Details:•Property Size (pre-renovation): 250 sq. meters (2500 sq. feet)•Purchase Price: 250,000 EUR (1,000 EUR/sq. meter)•Renovation Costs: 750 EUR/sq. meter (includes kitchen, appliances, quality furnishings)• Loan costs (during renovation and renting): 350 sq. meters (due to attic expansion)•Property Size (post-renovation): 350 sq. meters (due to attic expansion)•Post-Renovation Layout: 2 separate apartments•Airbnb Income (24 months): 2,500 EUR/month/apartment (= 5,000 EUR/month)• Other running costs: 600 EUR/month•Projected Sale Price (after 2-3 years): 850,000 EUR (approx. 2,500 EUR/sq. meter)•Closing Costs: Negligible in Tbilisi•Real Estate Agent’s Fee: Typically 3%, but negotiable based on who hires themFinancing Setup:•Property Purchase Financing: 100% bank financing at 5.9% interest (bank has even financed 150% to cover some renovation costs in the past)•Renovation Financing: Our friend is offering to finance 250,000 EUR in cash for the renovationsProposed Partnership Structure:•Work Involved (on our side): Full renovation (10-12 months to complete), furnishing, and property management through Airbnb until the sale (2-3 years)•Profit Split Proposal: 60% (us) / 40% (friend providing renovation financing)Questions for the Community:1.Does the proposed profit split (60/40) seem fair, given the work we would handle (renovation, furnishing, property management)?
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15 September 2024 | 61 replies
Is the unit only 300 /350 square feet because that is about what 8000 btu should cool.
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11 September 2024 | 13 replies
His story, if true, indicates the tenants have no respect for the property owner, his rights, or his desires.If I were a betting man, I would bet money that they are dragging their feet because their rent is well below market.
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10 September 2024 | 14 replies
These three cities from the rental income of $3,000-$4,000 list were on my list of markets to check out and helped validate my research even more:#20 Richmond, Virginia: Airbnb rental income $3,247#32 Round Rock, Texas: Airbnb rental income $3,418#53 Henderson, Nevada: Airbnb rental income $3,909It is broken up by rental income segments ($2,000-$3,000; $3,000-$4,000, etc.), so some numbers overlap, but there are some excellent data points to consider.
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8 September 2024 | 0 replies
Alaska, Georgia, Florida, and Arizona round out the top five, while Vermont ranks as the safest state.Travel Abroad from Vegas: Las Vegas' Reid International Airport now offers direct flights to 10 international destinations, including cities in Canada, Mexico, El Salvador, Panama City, Ireland, the UK, the Netherlands, Switzerland, Germany, and South Korea.
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10 September 2024 | 21 replies
Depending on your budget I would check out a multifamily near Clarksville (army base) or an Airbnb in Gatlinburg (year round season and 10% cap rates)
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12 September 2024 | 58 replies
Because that would be jumping in with both feet.