Jesse Rodriguez
Miami Short Term Rental
7 January 2025 | 0 replies
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.
Paul Duncan
Long time listener First Time Posting
21 January 2025 | 1 reply
Hello everyone in the BP world. I live outside of Charlotte in a small town called Denver (of the East). I am currently self employed as a GC with my own company: Carolina Premier Homes. We have been in Business since...
Mark Simpson
How this guy used AI to Acquire 15 Off-Market Short-Term Rentals in Just 12 Months
29 January 2025 | 4 replies
After reflecting on a strategy someone used to buy 15 short-term rentals off-market in just 12 months, I thought of an idea.
Jesse Rodriguez
Miami Short Term Rental
7 January 2025 | 0 replies
We operate a real estate, mortgage, and property management firm dedicated exclusively to Short Term Rental Investments.
Keilon Morton
Hard Money terms for partnership
7 January 2025 | 5 replies
What are some terms that would appeal to an investor?
Jesse Rodriguez
Miami Short Term Rental
7 January 2025 | 0 replies
We own a real estate, mortgage, and property management company solely focused on Short Term Rental Investments How did you find this deal and how did you negotiate it?
Eric I.
Midterm vs long term - Renton WA
24 December 2024 | 7 replies
Trying to figure out whether is it worth transitioning my 2br 1ba 1100 sqft unit to midterm rental from long term rental in Renton WA?
Jesse Rodriguez
Miami Short Term Rental
7 January 2025 | 0 replies
We specialize in short-term rental investments through our integrated real estate, mortgage, and property management services, delivering expertise at every stage of the process.
Luis Cerwin
How long should I give my PM to Rent a Unit before changing PM?
20 January 2025 | 14 replies
The picture they have on Zillow vs one of the several I have with the same view:I don't know who your current PMC is, but I had to switch from my initial one in Warren, MI as it was taking too long to get a renter placed.
Dillon Seal
Long Time Lurker
12 January 2025 | 5 replies
Hello everyone! My name is Dillon Seal, and I’m excited to join this vibrant community as a new real estate investor. I am keen to learn from the experiences of seasoned professionals and collaborate with fellow inves...