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5 August 2024 | 12 replies
We have our house rules mentioned in our listing, as well that the guests must sign a rental agreement also.Knock on wood, so far no issues.Mike
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1 August 2024 | 9 replies
To learn more about the space and discover the opportunities, difficulties, ups and downs of being a host as well as funding my STR in the future, I have been organizing and building a co-hosting company with hopes of helping hosts relieve stress while at the same time discovering what it means to own an STR and what it takes to have happy guests.
31 July 2024 | 10 replies
Ok I will check those websites out, Thank you.There's a variety of ways to get a deal in front of you (I'm mostly a flipper), but basically if it looks promising, I run custom comps queries and check the current & past $/sf of renovated/distressed product in that city or zipcode.Here's a chart on 90066 I generated from my tool under Market Stats > Sales Data > Specific Zip Code:- My above chart (more available) shows the Avg Renovated $/sf (High) over time in this Zip Code, something completely different than charts/providers based on Averages/Medians only, like every other platform (RedFin Below, https://www.redfin.com/news/data-center/):- Can't select smaller locations such as City or Zipcode for their $/sf data, so it's useless helping me underwrite/verify a deal.- Can set Zip Code for Median Sale Price data, but again it's the median/avg so it's useless helping me underwrite/verify a deal.Then if that looks decent, I'll run Sales Comps, and get a quick summary of some key metrics based on those comps.
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30 July 2024 | 1 reply
Thanks a lot in advance for the knowledge and guidance.
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1 August 2024 | 11 replies
As mentioned above, the book published by BiggerPockets (30 Day Stay) is a wealth of knowledge that covers questions someone looking to get into the space would want answers to (like myself).
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1 August 2024 | 10 replies
And in my opinion, his book covers everything a newbie needs to understand: from asset selection, to evaluating sponsors, to capital structures.
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2 August 2024 | 4 replies
Myth: getting your license gives you more knowledge of how RE worksFact: You might learn some things from the course but most of it is learned from your broker/experience Pros: Access to MLS, schedule appointments on your own, keep part of the commission on your own dealsCons: you must pay dues, fees, access to MLS, navigating your own transaction might be stressful first few times aroundIf you want to learn, take a few clients out, buy or help a client buy/sell at least 1 home per year it is 100% worth it.
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1 August 2024 | 0 replies
With minimal risk and a clear path to profit, this deal aligned perfectly with our strategy of maximizing returns through strategic, well-timed real estate investments.
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1 August 2024 | 3 replies
If anyone has a good knowledge on wood stain and can provide your input that would help.