7 July 2024 | 10 replies
When you don't need to bring things up to current code, only perhaps make health and safety updates required for renting.3.
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7 July 2024 | 12 replies
I've done the numbers and they don't work as a flip nor do they work for someone to buy cash and rent it out.
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7 July 2024 | 1 reply
Also the average rent per unit seems to be closer to $1100/ unit.
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9 July 2024 | 29 replies
I have multiple STRs so I have a lot of deductions (Insurance, utilities, repair, rent for arbitrage...)
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9 July 2024 | 12 replies
Sell one side keep one side rent it out 3.)
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4 July 2024 | 11 replies
It is cash flowing a couple hundred bucks every month (so rent > mortgage).
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7 July 2024 | 4 replies
This was many years ago, but I was pulling in $3900 tax free for Berkeley BAH, and paying $1100/mo in rent, oh and unlike all of my classmates I wasn't going into student loan debt.
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9 July 2024 | 16 replies
Because we sell services ( chef, drivers, etc) and tours (ate, zip, yachts) when our house rents, we offset our cost to keep the net much higher than a 7% ROI.
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6 July 2024 | 16 replies
Make sure the renovation significantly increases value in order to support a higher rent.
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6 July 2024 | 2 replies
This house is in a great rental area right across the street from a major med school, he’s had no problems renting it out in the past.