Seller is the Agent.Seller bought property in January of 2023 for $730,000Current “As Is” Value : $770,000Target Acquisition Price: $730,000-$780,000 After Repaired Value: $900,000Repair Estimate: $120,000Initial Offer Amount: $715,000Loan Program: Bank Statement Program.Total Estimated Monthly Payments (Principal, Interest, Taxes, and Insurance) $5500/month (based on $770k purchase price)Estimated Gross Yearly Income from Short Term Rental: $160,000 (65% Occupancy, $700 a night| (STR Listing Comparable properties Listing 1 Listing 2 Listing 3)Net Monthly Income after management and taxes: $11,751.25Net Monthly Income after Mortgage Payments: $6251.25 ($75,015) Per YearTotal Cash Investment: $297,000 ($177,000 in down payment and closing costs and $120,000 in repairs)Average Yearly Return on Investment: 25% yearlyAverage increase in property value per year: 5%Average increase in booking revenue per year 7.5%Property Value average after 10 years: $1.5 millionTotal Cash received over 10 years: $1.3 million.Total Equity multiple min over 10 years: 6x total return on $297,000 invested.

@Jonathan Greene I have 20-30k on hand rn that I can put into a deal.

These days too many people have too little coverage in case of a rebuild so you do want to make sure you understand the true cost of a total loss.

As of now, they owe me:Half of November’s rentAll of December’s rentAll of January’s rentThat’s about $5,500 total, which is a lot of money to lose.

A new construction ADU will be appraised significantly less than the hands-off construction cost.

So the total return is probably better than just the 'cash flow.'

It is A total wast of money.

And also totally agree, either you need to be on the ground yourself or have a really strong team in the market.

I met him at an event in Oakland and was not impressed personally all he would say is he does big deals for big money.. and I know how hard it is to do business with those in his community it really surprises me how people followed and invested as much as they did.I feel is there is lot of money looking for hands-free investment and good returns.

On the other hand, what if you get hit with a slow year and have $0 profit?