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30 May 2019 | 5 replies
Splitrock on regular emails as well as a few others.
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17 January 2019 | 6 replies
Regular insurance covers you against storms, fire, burglary (maybe), small accidents, etc.
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1 February 2019 | 22 replies
I looked quickly through Airbnb and it looks like room rentals are going from $25 to $75 per night during peak season.I'm guessing that cash flow could look something likeMonthly CashflowRoom Rental ($500 per month * 3 rooms ) + Airbnb Room Rental ($50 per day * 20 days [subtracting days for flip days]) - Expenses ($1k) = $1500 + $1000 - $1000 = $1500Net Annual CashflowRoom Rental ($500 per month * 3 rooms *12 months) + Airbnb Room Rental ($50 per day * 180 days per year[6 month per year]) - (8.5% hotel tax + 1 sales tax) - $125 annual regisitration fee for home sharing + Using the Airbnb room as regular room rental for remainder of the year ($500 per month * 6 months) - Expenses ($1k * 12 months) = $18000 + $9000 - $855 - $125 + $3000 - $12k = $17020Start-Up CostsFurnishing common areas and Airbnb room plus purchasing pots, pans, utensils, garbage cans, etc - $5000Acquiring property with traditional financing - $30k or soI will kick the tires with lease optioning as a potential way of bringing down financing costsBreaking Even on Start-Up Costs$5000 to $35k initial start-up costsAssuming $500 per month lease option = ($5000 + 500)/1500 per month profit = 3.66 rounding up to 4 months to break evenTraditional financing = $35k/1500 = 23.33 months rounding up to 24 months or two years to break evenAssumptionsPhilly has a law that you can only rent on Airbnb for 6 months per yearI went with the higher purchase amount $150k but with the lower room rental range and middle Airbnb daily rateI'm assuming that the property will have 4 bedroomsIf my assumptions and numbers work than Philly definitely looks interesting as a vacation rental market.
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15 January 2020 | 31 replies
Oil changes will be more frequent as mileage will rack up, and regularly scheduled maintenance windows will come up sooner (15, 30, 60k mile services).
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27 February 2017 | 6 replies
Hi everyone,Can anyone recommend a proven and reputable real estate agent in Dallas who works regularly with investors?
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31 January 2019 | 24 replies
Your income in your Rollover IRA (again I'm making an assumption it is a regular or rollover IRA) will grow tax deferred UNTIL it is withdrawn.
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28 January 2020 | 3 replies
You should also consult others who are familiar with these type of auctions/sales, whether that's others who actually regularly buy at the auctions or possibly even an attorney familiar with the laws that govern these sales.And definitely do a ton of reading on the subject because there's plenty of information available online.
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27 July 2015 | 8 replies
It's a regular owner occupied conventional financing.
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15 August 2015 | 2 replies
It is helpful if you follow your local subforums so you get notifications when something new is posted - these subforums do not show up on your regular feeds and seem to not get the exposure yet.
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14 August 2015 | 11 replies
While [Smith] did not serve breakfast regularly in this establishment, it is the type of establishment where breakfast is typically served."