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12 January 2025 | 1 reply
Any advice on securing financing for potential buyers would be greatly appreciated.Personal Experiences: If you’ve owned, sold, or rented out a geodome, I’d love to hear about your challenges, successes, and any tips you might have for marketing or managing this type of property.Thanks in advance for your insights!
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11 January 2025 | 11 replies
Here are the numbers:IncomeTotalPartner ContributionsManaging Partners Debt$0.00Partners Deposits$987,459.99Total Contributions$987,459.99Operating IncomeAirbnb Income$50,186.50Square Income (Vehicles or add-ons)$6,741.04Total Operating Income$56,927.54Total Income$1,044,387.53ExpensesPurchase of propertyCost of House-680,000.00Closing Costs-$26,744.44Total Cost of Purchase-706,744.44Set Up ExpensesHouse Improvements & Care taker home addition-116017.03Adding Tiny House-52130.83Furnishings-68403.65Vehicles-43150Set Up Costs and Advertising-2339.53Total Cost of Set Up-282,041.04Operating expensesCare Takers-14535.9Additional Cleaners-1505Cleaning Supplies-2670House Supplies-1340Landscaping-4230.66Utilities (Power & Water)-8204Internet-315Pest control/fumigacion -120Pool cleaning/maintenance-2220Vehicle Gas-552.3Vehicle Maintenance and Repairs-6625.01Welcome Food for Guests-115Property Repairs-4999.64Bank Fees-1208.06Accounting Fees-1085Insurance-955.74Other Expenses-1071.2Total Operating Costs -$51,752.51Total Expenses-$1,040,537.99Net Income$3,849.54Net Operating Income$5,175.03Now 5k for an investment of 970k is not a good investment.
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14 January 2025 | 25 replies
My challenge is that I don't know when exactly I will be able to obtain the STR permit from the city, so I don't want to convert guests too prematurely.
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10 January 2025 | 12 replies
@Michael Challenger I scraped all the cash I could find and borrowed from family.
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15 January 2025 | 14 replies
I keep hearing that costs of labor and supplies are rising (when aren't they?)
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9 January 2025 | 0 replies
For example:"See how [Client Name] cut their supply costs by 20% with our help!""
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19 January 2025 | 269 replies
Happy to be challenged on them if anyone disagrees by the way!
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20 February 2025 | 114 replies
In 2017 on these very forums I heard "the market was good in 2013-2016.." expecting a downturn the next year.With the current supply-demand situation in real estate, trillions of dollars printed, lending guidelines, etc.