hi folks,I would like to better understand the cost associated with running STR in Oahu.

One of the more creative ideas I have come across that I am going to be implementing is splitting cost of advertising/lead generation with realtor partners. 

Brand Turner, David Greene, J Scott, they all say don't pay for that stuff if they give it to you free from the comfort of your own laptop. 

Typically, creative financing is geared toward lowering the capital injection needed to acquire the property which comes at higher risk to the lending entity (thus higher cost) of rate. 

mortgage closing costs: 2 to 5%property value appreciation: 3 to 6%cash on cash return: 2 to 4%cap rate: 4 to 5%rent growth: 3 to 5%rental property expenses growth: 2 to 4%repairs & maintenance cost: 5 to 10%capex: 1 to 3 %Vacancy rate: 4 to 6%Mahalo !

Waiting 3 years for nearly 100k in “free” equity is to the worst thing.

Any questions feel free to reach out.

Management fees, lease up costs, turnover costs vacancy rates, repairs, licenses,  non paying tenants etc. are all examples of these. 

Hello,I know two retired families in my group, sitting on $3M+ real estate, free & clear.

Turns out, heloc underwriters are trained to use the Schedule E as one of their main sources of information, more so than any leases or receipts you might include as part of your application.