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Results (10,000+)
Britt Hennings Share numbers for first STR (small town, normal SFH)
6 June 2024 | 7 replies
/ $1000Utilities / $300 mo.Supplies / $60 mo.Lawn Mowers / $200 mo.Total monthly cost$1600-1700Target nightly rate starting out: $140Cleaning Fee: $50Avg. occupancy rate for my area: 46% (This could be inaccurate)Projection: $1932 (@ 46% occupancy) + 300 (cleaning fee @ 6 stays) = $2232 - $67 (3% booking fee) Monthly Revenue:$2165NOI: ~$500/moSo if you have a lower-end home in a smaller town here are the numbers I'm interested in:Total Revenue for 2023 and YTDOccupancy RateApprox.
Adrian Lammersdorf-Scioll Looking for advice for finding off market properties with mailers in the Orlando area
7 June 2024 | 11 replies
Keep in mind - a good response rate is between 0.5%-1%.
Mike Tashman Market Data Deep-Dives
6 June 2024 | 8 replies
even in lower cost markets.https://www.biggerpockets.com/forums/12/topics/1171104-the-m...and - i still think it's better to pick a market that you have a connection to rather than one that meets arbitrary numerical criteria. 
Claudio Garcia Zuniga Home Equity Loan - Needing Referrals
6 June 2024 | 2 replies
That makes your next purchase less risky due to higher reserves and the ability to earn interest on your cash if you put it in an interest bearing account until you need to use it which will counter the mortgage rate being higher.You will also get a lower payment on a 30 year refinance versus a shot term line of credit usually around 10-15 years on a 9-12% rate versus a 6.75% to 7% with good credit.
Rob Austin Is it normal to not receive initial disclosures
6 June 2024 | 4 replies
For the first four properties that I purchased, the loan officers sent me "initial disclosures" which clearly stated the interest rate expected closing, expected monthly payment etc. 
Collin Hays VRBO now charging guests 20 percent for a booking
6 June 2024 | 39 replies
We are month 27 since the rise of rates, and month 11 of the expected peak of rates.
Sean Gammons Wichita Kansas Market hard to find a deal
7 June 2024 | 5 replies
@Sean Gammons rising property values & mortgage rates have ended the "easy days" where you could buy anything and rent for cashflow.You're going to have to look harder or go into riskier investments.Prior to the crash of 2008, seasoned investors would look at 100 properties, bid on 10, to hopefully get one deal accepted that met their ROI and CoC requirements.
Caleb Brake Duplexes in Lewisville, Texas (or North Dallas generally)
7 June 2024 | 10 replies
For context, my rent will just cover my PITI for my primary, nothing more--interest rate is 6.3% on a 300k home (so side question, are other people also just getting PITI covered by rent in North Dallas single-family homes, or am I just bad at this??
Flavia Vangelotti Cash flow rental or a place for your parent?- Financial Advisor help?
6 June 2024 | 21 replies
We own our home with a pretty low rate from 2020 and also put around $800/month towards my mom's apartment rent. 
Jim Moore South of Austin, TX | Brand New Construction SFR Investment
6 June 2024 | 1 reply
Price - $299,000Preferred Lender rate - 4.75% on a 10/6 armRent per unit - $2,000 +/-3bed | 2bath 1,500 sq feetFinancials - 25% down, 4.75% rate, monthly cash flow roughly $200Builder warranty included.