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Results (10,000+)
Brian Stampe Zoning battle on nonconforming before code went into effect
4 March 2024 | 1 reply
The code states, "A separate and independent building sewer service line shall be provided for every permitted use, home or residence per lot."
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.
Kevin S. Townhome vs SFH?
4 March 2024 | 11 replies
If you supply the appliances, then you have to repair and replace them. 
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?
Ashley Guerra New investor: Rehabbing Questions
3 March 2024 | 2 replies
You don't have any experience with having basic repairs much less remodels done.  
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.
Mike Mutabazi How does a 15K a month portfolio look like ? I'm a beginner investor
3 March 2024 | 4 replies
Research rental comps in your target neighborhoods.Expense ratios: Repairs, vacancies, property taxes, insurance, property management fees, etc. can take a big chunk out of gross rents.
Jacqueline Bruen Mortgage for an LLC?
4 March 2024 | 17 replies
DSCR stands for Debt service coverage ratio.
Aime Blaise Ndabamenye [Calc Review] Help me analyze this deal
3 March 2024 | 1 reply
All of these numbers seem low, especially property taxes if this is in TEXAS:Vacancy $105.00 (3%)Repairs $105.00 (3%)Management $175.00 (5%)Property Taxes $66.67 (2%)What kind of unit is it?
Diana Gaitan Looking at a property which disclosure checks "yes" for previous foundation repairs.
1 March 2024 | 2 replies
The question in the disclosure "are you aware of any previous foundation repairs?