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7 January 2025 | 3 replies
My attorney told me in 30 yrs he has never seen bank enact due on sale clause but he has seen multiple landlords get sued without LLC protection.
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8 January 2025 | 11 replies
I love your idea, I think it’s a great way to make an impact.
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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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7 January 2025 | 8 replies
To continue with the 8-unit example, you again end up spending many multiples of these costs to build a comparable portfolio of single family properties.Another disadvantage of single family properties is that there is only one tenant per building and if they stop paying or if there is a vacancy, the entire cost of that property is on you and your wallet until you can fill that vacancy and get the rent coming in again.
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31 December 2024 | 1 reply
This delay impacts law enforcement's ability to combat financial crimes and leaves businesses navigating uncertain compliance timelines.Key Takeaway: Stay informed and be prepared.
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16 January 2025 | 6 replies
Recommend multiple payments.
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29 December 2024 | 17 replies
I believe the biggest impact AI can make in our industry is in follow up reengagement.
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10 January 2025 | 4 replies
Generally there are multiple units for each "zone" if you will when I've seen them installed.Regarding your problem at hand, I personally would simply adjust your plan to move and make your initial plan to get the current issues resolved, while costly now, in the long run holding onto the unit will likely pay off.
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27 January 2025 | 33 replies
I would talk to multiple insurance agents to get their recommendations because a lot depends on what he has in assets.
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6 February 2025 | 42 replies
Now I have a portfolio here of STR's and have helped multiple other out of state and new investors do the same, or reach their goals in whatever strategy they are wanting to move forward with (I started house hacking).