Property 1: 4/3 LTRCurrent Value: $475kPurchase Price: $363kDown payment: $40k (30 year conventional)Interest Rate: 2.75%Remaining Balance: $294kMortgage payment: $2369AVG revenue: $2775Property 2: Duplex - 3/2 House Airbnb & Detached studio apt 12mo leaseCurrent Value: hopefully within $575k-$600kPurchase Price: $591k (appraised at $599k)Down payment: $30k (30 year FHA)Interest Rate: 6.125%Remaining Balance: $552kMortgage payment: $5041 (including $362 PIM)AVG monthly utilities: $385 (full year avg)AVG monthly revenue: $5261 (full year avg airbnb + $1650/month from apt)

It’s not the RE making the money ( other than buying/ building at favorable pricing).

Purchase price: $750,000 Currently operating as a 9 unit mobile home park with single family home

Hyperfocus on one and push forward with it!

Anyway, looking forward to getting more involved here!  

Stan Inman himself will acknowledge, no one can touch Erie's pricing for STR policies in the PF/Gat area.

This might be a huge value add in some areas and not so much in others depending on price point, etc. 

Looking forward to hearing more about your RE journey. 

Moving forward with meetups, books, videos, etc.

Purchase price: $588,000 Technically a duplex but its a single family home with an ADU built into the home using the space above the garage as the ADU living space.