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31 May 2024 | 12 replies
They can offer insights into vacancy rates, demand, and any local regulations you need to be aware of.
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31 May 2024 | 1 reply
Mortgage rates surpassed 7% in April, dampening affordability and keeping buyers off the market.
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31 May 2024 | 31 replies
Essentially my bottom line will likely be effected nearly 30-40% because of discounts I will have to give for longer stays.I guess my questions are the following:1.
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31 May 2024 | 4 replies
Term 3-5 years.Can anyone advise me as to terms I should offer (interest rate, points, fees etc) and anything else I should be looking for to make this loan?
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31 May 2024 | 0 replies
A lot of opportunities to buy aged C-class homes at 8, 9, 10 caps.Small investor expense ratios are 40%.Large operator expense ratios are 37/38 %.Large platforms/institution expense ratios are 33/34%Big benefit of blanket insurance policies is to drive costs down.A lot of BFR is looking for a bridge product for 2 years to hope rates get back down in the 5% range.Cannot use HPA on BFR communities you plan on selling based on cash flow.5-18% rental premium being achieved based on new construction communities compared to new construction scatter sites.For real time comps go to biggest operators BFR, small multifamily.More confidence about the cost of construction having stabilized.Some products which will not be good for retail buyers will also not be good for rentals.
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30 May 2024 | 5 replies
If you're already at a good place with your portfolio, and just want to maintain rental income, hang on to the property with it's super low interest rate and positive cashflow.
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31 May 2024 | 8 replies
With interest rates so high right now and property values up so much in recent years this would certainly help us when looking.
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31 May 2024 | 9 replies
There's a lot of research you could do on VRBO/AirBNB/AirDNA to compare similar properties in terms of rates and occupancy, but my experience is that Gulf Shores and Orange Beach are more popular because of the nearby amenities, nightlight, recreation, and other things to do.
30 May 2024 | 10 replies
We're looking at buying an STR to self-manage but with rates and prices where they are, the cash flow projections are dismal.