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22 January 2025 | 22 replies
My current occupancy rate is around 40%.Property Details:1,400 sq. ft. single-family home (3 bed, 2.5 bath)Weekend bookings are more frequent, with limited weekday staysWeekend rates: $150–$250/nightWeekday rates: $80–$100/nightAirbnb Listing: https://www.airbnb.com/h/vip-houstonWhat I've Done So Far:Created a brand-new Airbnb and booking.com listings to eliminate bad reviews from Airbnb and Booking.comHired a reliable cleaner ($150 per cleaning)Manually update pricing often on Airbnb (tried Pricelabs once and gave up when nothing improved within the month)Change my cover photo at least once a week or soListed the property on Airbnb, Vrbo, Booking.com, furnished finder, Zillow, and Facebook marketplaceScheduled handyman visits every six weeks for minor repairs and paint touch-upsI'd appreciate any feedback on the steps I've taken and suggestions on improving my listing and overall performance.
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9 January 2025 | 107 replies
I forged ahead, moved into the house and used credit cards to partially improve the property before they maxed out.
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23 January 2025 | 56 replies
I read on Lee Arnold system . com that joining the inner circle gives access to up to 100% financing on residential loans including Property Purchase Price + Closing Costs + Rehab Costs if that amount is 65% of the after repair value (ARV) as determined by a third party appraiser.
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12 January 2025 | 6 replies
This gives you a foundation for making a fair offer.Secure Financing: Be prepared to show you’re a serious buyer with funding lined up, whether through cash, traditional financing, or a creative option like seller financing.Have a Strategy for Repairs or Development: If the property is distressed, outline how you’ll handle improvements to bring it back to productive use.
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27 January 2025 | 56 replies
The morons proposing this type of thing never think that far ahead.
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8 January 2025 | 6 replies
I know that's not a huge cash flow, and any repairs could make me break even.
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31 December 2024 | 49 replies
Lastly is your listing details; they read with all the story telling and excitement of a furnace repair manual.
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7 January 2025 | 2 replies
., repairs, management, communication with the seller).Exit strategies in case things don’t go as planned.When you do find the right partner make sure to create a joint venture agreement that outlines all of this clearly.
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30 December 2024 | 3 replies
We are splitting up capital contributions at 50%, but see having different involvements in the repair process.