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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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14 January 2025 | 8 replies
From a scaling standpoint, for at least whoever is doing the books, Buildium is far behind in this and is adding time and/or cost for these added tasks that need to be done.
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5 January 2025 | 5 replies
With pictures and guides to anything that may be helpful for the tenant.If so, how was this received by the tenants?
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27 December 2024 | 3 replies
Start with BiggerPockets Ultimate Beginners Guide (free).
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10 January 2025 | 6 replies
2x House Hacker here in Los Angeles and a case study in the BP book, The House Hacking Strategy.1.
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12 January 2025 | 20 replies
There is a lot to understand, so pick up a good book.
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17 January 2025 | 40 replies
And I'm sure that's because some people direct book, others use Airbnb, etc.
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21 February 2025 | 250 replies
If check here https://zonos.com/docs/guides/import-tax-rates-by-countryIt shows in general most nations charge between 15-20% tariff on imports.
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5 January 2025 | 2 replies
I envision this portfolio supporting me during my retirement years—though I still plan to work, just in a different capacity than I do today.I recently finished reading "How to Invest in Real Estate: The Ultimate Beginner's Guide" by Josh Dorkin and Brandon Turner, which has been incredibly helpful.
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23 January 2025 | 56 replies
It’s right out of the crazy scammer text book, and what’s so scary about it is that each step makes sense at the time.