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4 March 2024 | 71 replies
I do know they offer veteran/military discount, make sure to ask if your active duty or veteran.
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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.
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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?
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4 March 2024 | 6 replies
You won't really get much service from a realtor except exposure of your property2.
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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.
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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.
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
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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%.
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3 March 2024 | 1 reply
Many are not due to any fraudulent activity and just a poor sponsor or a poor deal.
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4 March 2024 | 17 replies
DSCR stands for Debt service coverage ratio.