James Carlson
Hot tubs boost your STR revenues by 34% ... and other AirDNA findings
8 July 2024 | 12 replies
They have provided us with actual data quantifying how much a certain amenity adds to your short-term rental revenues.I tell all my STR investors/second-home buyers in Colorado to get a hot tub, for instance, but while I know you do better, it's been hard to put numbers to it.AirDNA's March report has tried to tell us how much more revenue a home with X amenity gets over a home without X amenity.
Jamall Lynch
CaPex Budgeting Costs
8 July 2024 | 20 replies
As long as you do the accounting correctly, you account for it.
Cherilyn Williams
Tenant with Late Rent Payment Twice within 4 Months!
6 July 2024 | 24 replies
They are ignoring my correspondence which is not like them at all. I
Kyle Z.
Mortgage at 7% interest rate for investment property; pay down earlier?
4 July 2024 | 11 replies
I feel in this market it is difficult to get outsized returns (S&P seems very hot and might be hard to sustain 7%+ returns in long term.. but even if so, I’m risk adverse so would probably keep it my HYSA)I did run the numbers if I were to prepay $60,000 now and it appears the IRRs are lower (because of the higher cost basis).
Steven Garza
BRRRR Vs Flip When And Why!!
6 July 2024 | 16 replies
Examine the terms of financing. for keeping a rental property as opposed to selling, and take long-term investing objectives into account.
AJ Wong
BIG HELOC Energy: Why large equity lines can be hard to get and what to do instead
7 July 2024 | 1 reply
In other words, sufficient capital for the cash purchase of a property (plus rehab) and eventually refinancing the completed project to a long term loan.
Zaina Jouejati
Insurance Agent- New Here :)
8 July 2024 | 3 replies
@Bunmi Joo Yes we do short term rentals !
Gerardell Brown
House Hacking Single Family House
8 July 2024 | 15 replies
Yes, I have contacted a few lenders to find the best terms/rates.
Brian Madore
Asset Based Mortgages?
8 July 2024 | 4 replies
I haven't seen any lenders willing to do second mortgages, especially to get up to 100% (or anywhere close to it) of the purchase price for an investment property in a long, long time.
Julio Gonzalez
Cost Segregation Study on Multifamily Property
8 July 2024 | 0 replies
An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provides support for the property tax appeals process.Additionally, it can help maximize renovations and improvements.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.