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12 September 2024 | 15 replies
Here are the variables you'll need:ARV (After Repair Value)Estimated Repairs (add a 10% contingency)Estimated RentPurchase PriceEstimated PITI (Principal, Interest, Taxes, and Insurance) on the refinance sideIf you know these values and ensure that your all-in cost (purchase price plus repairs) is 75% or less of the ARV, and that your rent will cover PITI + vacancy + maintenance + property management, then it's a deal worth pursuing.The BRRRR model is a fantastic way to build a portfolio and is still very feasible—even in 2024.If you're interested in more info, feel free to shoot me a DM—we can connect, and I'd be happy to assist you.
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12 September 2024 | 9 replies
I’m also aware of the make and model of the car the tenant drives.
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10 September 2024 | 0 replies
By the end of my first year, I'd completed 10 deals and earned $73k.In 2018, I stumbled upon Todd Toback and his acquisition skills models.
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11 September 2024 | 6 replies
It is not a sustainable business model.
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12 September 2024 | 23 replies
The issue is advertising revenue and face time. it’s not in an advertising model benefit to limit in mass posts.
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13 September 2024 | 50 replies
Personally, I really like the BRRR (Buy, Fix, Rent, Refinance Repeat) model, which is to buy a property fix it up, rent it out and refinance it and do another one.
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10 September 2024 | 0 replies
Instead of simply sharing content from other sources, model and repost while giving credit to the original creators.
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10 September 2024 | 1 reply
Your situation (different country, Airbnb income, longer hold time) may not fit this model exactly.Negotiating Better Terms:With the bank: Shop around for better rates, consider a larger down payment for better terms.With real estate agents: Offer exclusivity for a lower rate, or consider handling the sale yourself if legal in Georgia.Holding Period: Given the strong Airbnb cash flow, holding longer could be beneficial, especially if the market is appreciating.
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10 September 2024 | 18 replies
Am I thinking of converting this property for SRO/PadSplit model where refinancing may be harder to do because of property improvements I have made?
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13 September 2024 | 20 replies
An old tv infomercial championed you to get rich quick and sit on the fan tail of a Luxury yacht sipping a tall cool drink surrounded by swimsuit clad models.