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28 July 2024 | 2 replies
Not sure where to post this, so if needs to be reposted somewhere else, please let me knowI am trying to determine the value of a property as a STRUsing the online services, it comes out to an income of $110k+ at 67% occupancyOf course that must be net, so what does Abnb etc charge, whats the expected net?
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31 July 2024 | 37 replies
I have 3 STRs listed for sale right now and they are still showing 90% occupancy and strong revenue.
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1 August 2024 | 2 replies
As the home sits right now it will cash flow about $100.00 to $150.00 a month if I self manage it due to tax hikes and the homestead tax credit not applying after it becomes a rental.
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31 July 2024 | 5 replies
If you owe money to the CRA and refused to pay they can force a sale on your property and get paid.
2 August 2024 | 4 replies
You are only budgeting 3% for repairs and that might be ok immediately after a rehab, but a few years later that may be back up around the typical 5% that most people cite as a reasonable amount to budget. 6.
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30 July 2024 | 12 replies
The idea that you can build wealth without putting any money into it is a recipe for disaster and the sales pitch of gurus trying to steal your money.
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29 July 2024 | 4 replies
I am looking at an opportunity in my local area where there is a multiple unit mobile home park for sale.
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31 July 2024 | 1 reply
You are already losing money on it so you should either cut your losses and sell or be comfortable losing money on a monthly basis with the expectation to make it up on the sale down the road (see you're in FL so you might need to wait a few years).
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30 July 2024 | 1 reply
Demand is keeping up with inventory.A trend we'll keep an eye out for is the gap between median asking prices and median sale prices.
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1 August 2024 | 10 replies
For the ADU, I'd check with your Realtor and see what the value you would be with doing the work you mentioned (and see what he/she thinks about any other work that needs to be done in the house prior to selling to maximize your sales price).