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24 January 2025 | 6 replies
Everybody is different, some people like flipping, some like short term rentals, some like long term rentals.
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9 February 2025 | 15 replies
Longer story short, I have a nicer rental that I picked up in the Dallas area.
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21 January 2025 | 27 replies
Highlight the area shopping, business etc, distance to schools .
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7 January 2025 | 0 replies
Seller is the Agent.Seller bought property in January of 2023 for $730,000Current “As Is” Value : $770,000Target Acquisition Price: $730,000-$780,000 After Repaired Value: $900,000Repair Estimate: $120,000Initial Offer Amount: $715,000Loan Program: Bank Statement Program.Total Estimated Monthly Payments (Principal, Interest, Taxes, and Insurance) $5500/month (based on $770k purchase price)Estimated Gross Yearly Income from Short Term Rental: $160,000 (65% Occupancy, $700 a night| (STR Listing Comparable properties Listing 1 Listing 2 Listing 3)Net Monthly Income after management and taxes: $11,751.25Net Monthly Income after Mortgage Payments: $6251.25 ($75,015) Per YearTotal Cash Investment: $297,000 ($177,000 in down payment and closing costs and $120,000 in repairs)Average Yearly Return on Investment: 25% yearlyAverage increase in property value per year: 5%Average increase in booking revenue per year 7.5%Property Value average after 10 years: $1.5 millionTotal Cash received over 10 years: $1.3 million.Total Equity multiple min over 10 years: 6x total return on $297,000 invested.
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26 January 2025 | 5 replies
If he has a $5MM loan in place, what was that used for / is it coming due/ was it short term/ etc.?
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23 January 2025 | 9 replies
Quote from @Nicholas McCormick: Howdy-Does anyone have any experience with short term rentals in the Bloomington, Indiana area?
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22 January 2025 | 22 replies
The HOA is certainly not trying to push out short-term rentals.Thanks Tyler.
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27 January 2025 | 2 replies
Metro Atlanta, generally speaking, respective markets 30 to 45 minutes from the City, will be tight on cash flow unless you implement a creative investment strategy, such as short-term rentals, medium-term rentals, or rent-by-the-room properties, or allocate at least 30% to 35% towards your downpayment if you intend to hold the property as a long-term rental.
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11 February 2025 | 183 replies
The Norris Group has a hard money ADU loan, but it's short term (3 years).
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7 January 2025 | 0 replies
We operate a real estate, mortgage, and property management firm dedicated exclusively to Short Term Rental Investments.