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Results (10,000+)
Brian Crowe Lending - Any one used Dominion Financial for lending?
3 March 2024 | 5 replies
Hello All,Reaching out for any insight into this company, Dominion Financial.  
Emily Anderson Full STR analysis in Okaloosa Island, Florida, WITHOUT using AirDNA.
4 March 2024 | 18 replies
Instead, this rise is influenced by certain listings being unavailable during this period, along with higher prices set by some high-end listings to offset lower demand.Now, let’s examine the variation in cleaning fees per day of booking across the year, applying the same filters as in the previous case.Here are some observations:In contrast to the average daily rate, the cleaning fee per day of booking remains consistent throughout the year.The average value for our subarea in Okaloosa Island (represented by blue dots on the map) stands at $20.6 per day of booking.Financial Case Study: Analyzing the Performance of a Short-Term Rental in Okaloosa Island, FloridaIn this section of our analysis, we are going to conduct a financial case study to understand the expected performance of a 2-bedroom / 2-bathroom unit in the southwestern area of Santa Rosa Blvd., in Okaloosa Island.Here is a summary of our findings from the previous sections:There are two demand hotspots for short-term rentals in Okaloosa Island, with the one located at the southwest of Santa Rosa Blvd exhibiting a higher occupancy rate (69.6%) and a higher average daily rate ($306).The top-performing listings in this area typically feature 2 bedrooms and 2 bathrooms, with 5 out of 8 listings having these exact characteristics.We have analyzed a chart containing the top 100 most common amenities for top-performing listings with 2 bedrooms and 2 bathrooms.The high season extends from March to the end of November, with May and July being the peak months.The average daily rate for a 2-bedroom / 2-bathroom unit in this area throughout the year is $306, with an average daily cleaning fee of $20.Now, assuming we have located in the for-sale market a 2-bedroom / 2-bathroom unit meeting all our criteria, our objective is to run a financial case study to estimate cash-on-cash returns and other relevant parameters.The chart below presents all the inputs for our financial case study:Some observations:We anticipate receiving 40 reviews within a 12-month period, which is a conservative estimate based on our previous analysis.The bookings to review rate has been established at 85%.
Kevin Luttrell Forced to take $25k passive activity loss deduction?
6 March 2024 | 20 replies
I understand that passive losses cannot reduce your taxable income and must be rolled over to be subtracted from future passive income, UNLESS you meet the special allowance that says you may deduct up to $25k in passive losses from taxable income if your modified AGI is less than $100k that year.
Tom Sehon Looking for a few local CPA's
5 March 2024 | 2 replies
Additionally, If anyone would be willing to have a conversation about what they look for in CPA's and what they learned financially starting in the rental investing business I would greatly appreciate it! 
Kyle Swengel Bonus Depreciation and My CPA’s Advice
7 March 2024 | 22 replies
Yes, you should do it if you can release the losses now or in the future.
Justin Goodin Did you start with single family rentals ?
5 March 2024 | 27 replies
These are big enough to make financial sense but aren’t out of my price range while I continue to grow.
Michael Prim REI in Western Chicago Suburbs
1 September 2016 | 4 replies
Is it wise to project future rents?
Adam L. Looking for Lenders for Tampa Area
2 September 2016 | 2 replies
I use Joseph Andrews with New Penn Financial.
Andrew Orr Investment dollars to grow
5 September 2016 | 10 replies
I would spend summers working at job sites so the construction aspect is not foreign to me.I am also a trained CFP, certified financial planner, so the numbers aspect is not confusing.I suppose the main challenge I have is actually buying a house.
Ike Igiebor Interest Rate
3 September 2016 | 4 replies
Your mortgage is neither inter-bank, nor is it short term.Anyone claiming to be able to predict the future of mortgage rates with >60% accuracy, you should ask them why they aren't on Wall Street sipping champagne with Warren Buffett and netting one billion dollars per year.