Ryan Winzenburg
AirDNA Annual Revenue Data
I’ve been using AirDNA to track Annual Revenue across several market. Most of the revenue has dropped by half in most of the markets in looking at.I own homes in some of those markets and have seen little or no change...
Chris Scales
Interior Demo in Chicago - Insurance/Permit?
Hi all! I hope I'm posting to the correct forum... I recently purchased a 2 flat in Chicago that is in need of a full gut rehab. Between the basement, first floor, and second floor, there is about 2,500 sq ft of finis...
Katherine T.
Help double check my numbers on, my first property... make sense property?
Hi BP, I am a newbie. This is my first property. I have found a townhome , 3 bedrooms 1.5 baths that I just put an offer and awaiting seller's response. This is the breakdown..Asking price 72000 Down pa...
Anthony Freeman
Repair and Maintenance budget
What percentage of monthly income do you budget for repairs? (Small multi unit family)
Matt Fabian
Air DNA Numbers
I currently own 2 LTR properties. Was thinking about a STR. I live about 1.5 hours from Galveston, usually visit once a year. How accurate do you find AirDNA site to be? I plugged in a million dollar ocean front p...
Adam Dean
Buy Rehab Refinance Rent Strategy and Numbers
Hi All,I am new to BP and this is my first post.I am just getting my feet wet and located in Detroit, MI. Given my knowledge I feel the BRRR strategy makes the most sense for given most of the properties in Detroit ar...
Ray Trounday
How to arrive at CapRate for Performing Notes
I would like to arrive at CapRate for performing note investments. Is it simply the annualized interest income of the borrower payment divided by the market value? Please advise.Thanks,Ray
Jonathan Pluviose
Pre-approval Package prior to LOI?
How do I go about getting a pre-approval?
I don’t have a property under contract yet, but the idea I had is to present a minimum performance scenario. Basically agreeing with a lender that, if I find a property that ...
Matt Merriott
1st time STR purchase question
So I made an offer on a 1bd 1bath STR that grossed 15k last year on VRBO only with a flat rate of $150/night year round. 85 nights booked with 36 individuals. This is a lake property so one would think it’s seasonal. ...
JD Martin
Pre-paid rent - taxable in the year accepted or year applied?
Good afternoon all!Before I do my taxes, I have a unit in which one of the tenants (a college student, parent paying) prepaid their rent for the first 6 months of 2016 in late December. Should I claim the income based...