Hi everyone,
I am excited and nervous to dive into my first potential rental property. After a lot of research and number running, I feel like I have come across a really decent 4-unit multifamily house that will ge...

View report
*This link comes directly from our calculators, based on information input by the member who posted.

Analyze deals.

If a bedroom in a shared home is normally priced at $45 per night, aim to get bookings near the $70 mark.OccupancyOccupancy rates are another important metric to consider when analyzing a short-term rental market.

Our backgrounds helped, but doing the work (seeing houses, analyzing deals, networking, networking, networking, creating friendships with like minded people, etc.) and gaining that momentum everyday lead us to where we are now.

Using a deal analyzer, I see your cash flow being about 1/2 of what you project in option 1.

I have been analyzing a few multi-family deals in Edmond Oklahoma and Im looking for the best property managers in the area.

View report
*This link comes directly from our calculators, based on information input by the member who posted.

Finally, BP has various tools available to help you analyze your deals (rental, flips, wholesale, etc), feel free to use them: https://www.biggerpockets.com/investment-calculators Please let me know if I can help, and best of luck!

I'm still using it, improving it, and adding to it as I come up with needs and wants for it "to do" through my use of it.The design of it is very specific to how I analyze and invest, applied to specific ways to use money (strategies) that I developed into a system and/or a series/combination of systems around my basic system of REI.