Hello BP -
Turned down the purchase of a home today with the following details:
$220k purchase price $270k ARV (built in 2008, just needed to be cleaned)
Needs ~$20k in light work (paint, faucets, yard cleaned) ...
We're not 100% satisfied with our cleaner for our STR. We know a lot of other people in the area that are feeling the same way. My experience so far is that my cleaners are great cleaners, but not so much at running ...
Pilot goes out AFTER it heats the water. That is, I can start the pilot light, and it will stay on (even all night - as i left it in pilot mode), but once the gas turns on and heats the water for awhile (not sure ho...
Have found a STR property in Florida that has a good history on VRBO and AirBnb since late 2015 until now. Seller has provided me with booking/revenue numbers going back to 2016, and is claiming the property was book...
Hi all, First post on the forums...and we're getting ready to pull the trigger on a property to use for short-term rentals! Looking at a house near the Shenandoah River in the Front Royal region. Here's the airdna pag...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $169,000
Cash invested: $55,000
Property needed cosmetic repair. Approached the seller asking they pay all closing ...
Some questions for people who invest specifically in Brooklyn, NY. I'm looking into small multi-family properties with 3-4 units. Ideally in one of the following neighborhoods: Bushwick, Ridgewood, Williamsburg, Bedst...
Hi,
Can one of you walk me through how taxes work on an investment property?
Let's assume the following. 50k property.
Income - PITI = $910 in cash flow for the year
Rental income - (Intere...
Hi! We have moved our market to New Mexico mountain ranges for STR purchasing. These houses are a lot cheaper, and therefore bring in less income. I am looking at some seller financed deals at <5% interest rate, bu...
If you have purchased an STR in the past couple years (2020, 2021), how much cash flow are you making yearly? We are searching to invest in a short term rental, but the numbers are not high enough for us. We're seeing...