
22 March 2024 | 7 replies
Its a very strange situation, I see lake fronts charging 400-500 in the summer which is understandable so I as well as the others in the area without it charge $190-250.Now like I said many of the one bedrooms in the area are not up to the standard that mine is and have bad occupancy at $140 a night in the slow season but I did find a property which is farther off the water and a few neighborhoods over that charged $275 a night and is pretty packed but no better than the $140 ones.

22 March 2024 | 13 replies
If the cash flow on the existing properties goes close to breakeven, seems like you would be increasing your risk of large capital expenditures, like roofs or heat pumps, without cash flow to sustain them.
22 March 2024 | 14 replies
Hey @Holly Polf, I use my standard cell number to communicate with guests.

22 March 2024 | 88 replies
To answer your question any property can cash flow if you increase the DP.

22 March 2024 | 21 replies
Plus, as you know our markets aren’t known for yearly rent increases so it’s cute to see when folks run pro-forma’s with such estimates.

22 March 2024 | 6 replies
However rents increase Most mortgages are fixed.

22 March 2024 | 1 reply
I might be wrong but I am assuming the houses are also appreciating just because of the overall housing market trend but I believe the university is also expanding, thus increasing property taxes.

22 March 2024 | 19 replies
Because if you did pull out equity to repeat, you will increase your payment on that property and that $600 cash flow will evaporate.

22 March 2024 | 10 replies
Would this increase my chances of the offer being accepted, considering the seller wouldn't have to pay an agent on my side?

22 March 2024 | 6 replies
And here in the Asheville area, like most other markets, we have very few container homes, and fewer still that would meet appraisal standards for sake of comps (i.e., sold in the last year, relatively nearby, similar in size, etc.).