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5 March 2024 | 4 replies
That doesn't include rewiring, adding GFCIs, or other repairs.
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5 March 2024 | 0 replies
Purchase price: $58,000 Cash invested: $32,000 Sale price: $145,000 Total cosmetic rehab including, interior paint, exterior paint, new roof, new flooring, new tile in shower, new fixtures and painting basement.
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4 March 2024 | 18 replies
This is a snippet from an article written by Onera Group.Short-Term Rental Analysis in Okaloosa Island, FloridaThe base of our short-term rental analysis is outlined below:First, we will identify areas in Okaloosa Island that consistently experience high demand for short-term rentals year-round.Next, we will narrow our analysis down to a specific subarea, considering factors like occupancy rates, average stay, daily rates, and annual bookings, among others.Then, we will identify the precise characteristics of top-performing listings in this subarea, including property type, number of bedrooms, bathrooms, key amenities that drive demand, among others.Next, we will reveal how top-performing hosts in this area adjust their daily rates throughout the year, capitalizing on the seasonal trends in the short-term rental market.Finally, we will conduct a financial case study to determine the expected net annual return of a listing available in the for-sale market within that specific area in Okaloosa Island.Analyzing High-Demand Locations for Short-Term Rentals in Okaloosa Island, FloridaThe first stage of our analysis involves finding areas with high demand for vacation rentals on Okaloosa island.
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4 March 2024 | 2 replies
Hello Shawn,Congratulations on going under contract.I do not quite understand your question, but if you are asking how to increase cash flow:1) Find out how much tenant is paying in rent.2) Run a rental market comps and find out what is market rent.3) If there is a difference between 1 & 2, then present that to the current tenant and offer them slightly below market rent if you would like to keep them rather then having your property sit on market for 30-45 days to get it rented.
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6 March 2024 | 2 replies
Includes 3 parts.
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5 March 2024 | 8 replies
Be sure to include in your math the loss of the section 121 exclusion on your $50 gain in value.BP members often ask if their former primary residence makes a good rental and in most cases it does not (unless pre-planned as such).
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5 March 2024 | 11 replies
Including template contracts, template scope of work, etc.http://www.biggerpockets.com/flippingbooks
5 March 2024 | 3 replies
I would need to probably include farm profits in my calculations because the hope would be to eventually farm full time, but also supplement current income till I can move to farming full time.
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5 March 2024 | 25 replies
Some people don't include the repairs in the first year Cash on Cash return however, not sure what the BP one does.You can look at your 'stabilized' cash on cash as well using ProForma numbers and estimating the rent and expense growth over the next X number of years.
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5 March 2024 | 5 replies
Particularly be sure to include your goals for real estate investing so that folks can help you. 2) Follow your favorite forum topics and set up keyword alerts!