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3 February 2025 | 11 replies
I highly suggest you go.And it's VEGAS!!!
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10 February 2025 | 24 replies
Although, I have not bought anything recently since the market has gotten too high/hot.
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7 February 2025 | 6 replies
You will need to make sure that are no gaps in windows, doors, etc and that the HVAC system is well maintained as a tenant could argue that lack of remediation is the culprit for a high utility bill.
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15 February 2025 | 15 replies
Quote from @Tyler Garza: Deal :Duplex Home2 beds / unit2 baths / unit3,000 sqftAsking 300k60k downEst rent/yr - 31,2005% Vacancy20% Op ExpenseMortgage 240k assuming 7%Results: CF - 6,600Cocr - 11%Cap - 8%Looking at this for a buy and hold and trying to determine if I am analyzing this right@Tyler Garza I can get to your COC of 11% and cap rate of 8%, but since I don't know your loan payment or amort, I'm not sure how you got to CF of $6,600 - I'm getting arond $4,600.And a couple of things jump out at me with your assumptions versus most of my CFO clients: 1) a 5% vacancy rate and 20% Op exp margin seem a little low, 2) an LTV of 80% LTV (with a 7% interest rate) seems high unless you're house hacking, 3) Depending on the location of the property, the $1,300/month/unit rent may be low.
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29 January 2025 | 15 replies
If it is a high end housing product you may have to use a designer because they have access to some material/finish suppliers that are otherwise unavailable but that tends to only be for the highest end housing deliveries.
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22 January 2025 | 22 replies
Some high-end STR's (like in Joshua Tree) do use professional models, but for your market and property type, I’d suggest removing personal photos and focusing on the space itself, so guests can imagine themselves there, which is really what you want.You also have 81 photos, that’s too many.
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12 January 2025 | 3 replies
That said, I highly recommend speaking with a local professional in the DFW area to get insights tailored to your specific goals.
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4 February 2025 | 17 replies
The guarantee of getting paid and a high hourly rate would be what would entice them to use the hourly rate structure over a commission structure.
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18 February 2025 | 12 replies
@Hunter Duplantis what @Gino Barbaro said is exactly what I was going to suggest.When you have vacancy is the time to experiment and apply your original thesis.I’m not trying to play Monday quarterback here but, you should be highly confident in where the rents should be well in advance of having a vacancy.That being said, after confirming competition rents on websites (I’d also recommend Craigslist and Facebook marketplace), you should be in alignment there.
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10 February 2025 | 11 replies
It can be done but it may take years to build up cash flow especially if you live in high cost area like CA.