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15 August 2022 | 5 replies
I'm new so I just had the spreadsheet with all the different expenses like internet, power, propane etc.
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15 August 2022 | 8 replies
Smart lights etc also can help but unlikely since you may not have wi-fi/internet service yet right after closing.
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25 August 2022 | 8 replies
I recommend looking up on the Internet if there is a New Western Acquisitions branch in your area, if so, they specialize in off market distressed properties, and they have deals for WAY under market value!
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29 August 2022 | 14 replies
You shouldn’t be on the internet looking for answers, your agent should have them.
24 August 2022 | 2 replies
After sleuthing around the internet, it looks like it is recommended to hold for a period for at least a one year before doing a 1031.
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27 August 2022 | 8 replies
Other than cleaning fees, you should make sure you factor in higher insurance rates that cover STRs, utilities, internet, consumables (toilet paper, soap, etc), landscaping, snow removal, linen replacement.
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31 August 2022 | 10 replies
@Lauren QuestProperty analysis is a specialized skill and you can learn by practicing it.There are various calculators available on internet, depending on type of property you want to analyze.Its very important to understand the strategy and investment goals.Good Luck!
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31 August 2022 | 11 replies
There's lots of stuff on the internet that can probably explain it better than I, just do some more reading.
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10 December 2021 | 1 reply
How can I find people's information for free?
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13 December 2021 | 14 replies
I like the property for this use or personal, so I'm not sure how I want to proceed.Property Type: 2 bedroom, block to the beach, condo w/ association fees (they allow STRs)Sale Price: 275,000Loan: 10% down conventional, 3.5% over 30 yearsCash Invest: $61,250 (assuming $27,500 down, plus closing costs, plus 20-30k rehab to spruce up for us or short term rental)Expeted Income: $3500 per month (obviously summer is busiest, AirDNA thinks 48k annually (4000 per month is expected), trying to be conservativePITI: $1,735 per monthAll Expenses (CAPEX, maintenance, stocked goods, heating, electric, internet, water/sewer, HOA, city fees): $1,265 per monthCash Flow: ~$500 per monthCOCR: 9.8%Obviously my primary concern is making sure I'm not outrageous on my rental figures, and want to know if I've accurarely covered typical expenses on a shore AirBNB property.