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26 November 2024 | 17 replies
Feels like the most straightforward plan to get from point A to point B and sometimes it pays to KISSAcknowledging that I don't know all the numbers you are working with, but if each deal costs an extra $3k-$5k, but because of the efficiency of DSCR loans and the ability to ignore your DTI, you could maybe squeeze an extra deal or two a year in?
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1 December 2024 | 32 replies
without comparing property tax and maintenance costs the 1% rule is meaningless.
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2 December 2024 | 4 replies
Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.
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6 December 2024 | 34 replies
While Reonomy is not comparable as it's for commercial properties, Propstream is.
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5 December 2024 | 554 replies
Compare that to a business/company.
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10 December 2024 | 100 replies
It's obviously a lot more complicated to compare the different business models, making the blanket statement "Us commishes are 3x higher" extremely flawed logic.
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14 December 2024 | 101 replies
However, I believe the hypocrisy comes in when you look at what the actions of the presenters are compared to what they are presenting - does their walk match their talk.
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26 November 2024 | 3 replies
@Thomas F Blaskey If your gain after expenses is minimal (~$15K), selling outright is straightforward, with modest taxes on the gain (15%) and depreciation recapture (25%).
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9 December 2024 | 21 replies
There will always be demand in the market (it's not like some covid markets that could disappear as vacation destinations almost entirely over the next decade), and the regulation risk is as near to zero as you can get in this industry so long as you buy in the approved tourist zones (again, compared to some smaller/less mature markets where they could outlaw STRs tomorrow).For short period cash flow there are better options.
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26 November 2024 | 9 replies
Let it roll off and move forward with purpose.Now, Here’s Some Logical Advice:Wholesaling is straightforward, and competition won’t be an issue if you do it the right way.If you’re cold calling, sending mailers, and doing what everyone else is doing, then yes—you’ll face challenges.