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16 April 2024 | 23 replies
I also visited Dallas and I would say that Dallas is about a step or two behind Austin but 2 or 3 steps ahead of Houston, based on just places I would want to live.One more thing.
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15 April 2024 | 7 replies
I would say research is a lot easier when you are looking to confirm an answer rather than find one.How I determined that the info provided by a “random” is true:The gentleman that answered my question seems to be a CPA with his own firm and 25 years of experience (unless this is an elaborate hoax with no apparent end game).
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15 April 2024 | 12 replies
Here are the projections for 2024 to give an idea of expected returns:2024 IncomeLong-term Income$8,400Gross STR Income$45,500 (based on AirDNA projections)Additional STR Income$5,915 (mostly cleaning fees)Total Projected Income$59,8152024 ExpensesSTR Expenses$16,453 (32% ratio)Mortgage$34,476Insurance$707CapEx$3,600Taxes$2,729Total Expenses$57,965Projected Cash Flow$1,850CoC Return2.79%2024 Additional ReturnsPrincipal Paydown$2,930Equity Appreciation$16,200Mortgage Interest Deduction$7,571Total$26,701Total Projected Returns$28,551Projected Return on Investment43.1%Projected Return on Equity21.4%The CoC numbers are not impressive, and the property only cash flows as an STR, which carries some risk.
15 April 2024 | 7 replies
While getting on BP is a great place to network and receive feedback as well as learn, I think educating yourself is a great base before getting started.
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14 April 2024 | 2 replies
New to the whole REI game and looking for advice.
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16 April 2024 | 21 replies
I want to begin by saying that I do not recommend just ANYONE doing this, and my story is based in Florida and what we are able to do here....with that said, here's how our deal went down.I was contacted by a seller who wanted to get rid of his house and not deal with Realtors, staging, showings, repairs, etc.
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16 April 2024 | 12 replies
After including HOA fees, you would net about 630/month based off the info you provided.
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15 April 2024 | 5 replies
They can provide professional advice and guidance based on their knowledge of local regulations, market trends, and investment opportunities.