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Results (10,000+)
Darrell Gibson Pace Morby's Subto Mentorship is the BEST!
4 March 2024 | 71 replies
I do know they offer veteran/military discount, make sure to ask if your active duty or veteran.
Emily Anderson Full STR analysis in Okaloosa Island, Florida, WITHOUT using AirDNA.
4 March 2024 | 18 replies
For further details on this parameter, please consult our user guide.We have allocated a budget of $15,000 for renovations / refurbishments.The purchase price of a 2-bedroom / 2-bathroom unit in this area is $498,000, with 5% of this price allocated for closing costs.A turnover cost of $175 per booking has been factored in, with no rental management fee assumed, indicating that you will manage bookings and cleaning services independently.The mortgage rate is set at a fixed 7% per year, with an 80% loan-to-value ratio (LTV) and a 20-year term.For the remaining parameters in our financial model, please refer to the image above.Taking these values into account, below are the results of the financial case study.Some insights:The results show the anticipated performance of a 2-bedroom / 2-bathroom unit in the southwestern area of Okaloosa Island, Florida.Expected gross revenue amounts to $78,240, derived from 47 bookings with an average stay of 5 days at an average daily rate of $325 (inclusive of cleaning fees).Total yearly expenses add up to $68,014, encompassing various costs from private mortgage insurance (PMI) to property taxes and annual loan repayments.The cash required for this deal totals $139,550, incorporating the 20% down payment for the mortgage, 5% closing costs, and the $15,000 renovations budget.Pre-tax net revenue stands at $10,226, representing a 7.33% cash-on-cash (CoC) return.The annual return on investment (ROI) is 1.9%, excluding value appreciation.
Season Price Bringing on a dedicated caller to take a little off my "plate"
3 March 2024 | 4 replies
Do any of you have any recommendations for a GOOD company that offers calling services, or a VA company I can hire from with minimal training needed while I am building training strategy for an in-house hire?
Corinne Faivre Hold or sell?
4 March 2024 | 6 replies
You won't really get much service from a realtor except exposure of your property2.
Les Z. looking to buy rental property in any state - 100k down, traditional financing
5 March 2024 | 28 replies
Both areas are expected to see an increase in listing and selling activity as the year progresses, especially if mortgage rates stabilize​.
Sequaisa Mcphearson Obtaining First Client
2 March 2024 | 5 replies
We are active on social media and we reach out to independent landlords, leave business cards on vacant properties, and reach out to local real estate agents.
Erika Caba When is time to give up on a multi unit property?
4 March 2024 | 11 replies
Should probably look into hiring some property management too - if you have cash flow but unbearable headaches of managing - might be better to break even and hire full-service management and then re-evaluate down the line
Alecia Loveless To ADU or not to ADU
3 March 2024 | 3 replies
Then invest $72k in a year to generate the $900/month rent. 3) invest the $30k in an active investment that returns in excess of 15%.  
Chris Seveney This is the VERY FIRST thing to do before you consider investing in a Syndication
3 March 2024 | 1 reply
Many are not due to any fraudulent activity and just a poor sponsor or a poor deal.
Jacqueline Bruen Mortgage for an LLC?
4 March 2024 | 17 replies
DSCR stands for Debt service coverage ratio.