Ryan Leake
STR Data in Austin, TX - # of Guests, Average Daily Rates, Occupancy %...
This week's post goes out to the data-driven folk...First, let's talk about two key metrics: Average Daily Rate (ADR) and Occupancy Rate (%).Understanding ADR: Maximizing Rental IncomeThe Average Daily Rate (ADR) is a...
Chris Baxter
Is this the right way to rehab a flat roof?
It's time to re-roof one of our MF buildings and I don't have any experience dealing with flat roofs with torch-on membranes. The surface of the roof is ~5500 ft sq, and the building is in a cold climate (nice summer...
AJ Wong
How accurate are AirDNA estimates & calculators for STR's?
Not a day goes by when a vacation rental investor does not ask: "How accurate are AirDNA rentalizer estimates and projections for short term vacation rentals?" The simple answer is highly accurate..A recent CBRE repor...
Xiang J.
Do you estimate ARV and check with cash out lender first?
When making offer based on ARV, is it good practice to have future cash refi lender get involved as early as possible (have their appraiser connected?) so that it won’t surprise you a last minute overestimate of ARV? ...
Account Closed
Scaling with STR Income
I'm closing on my second STR in January. I have enough capital to put 10%-20% down on a few more next year, which would likely allow me to quit my day job, but I'm worried my DTI might be an issue when trying to obtai...
Tom Wood
What does the contractor pay for?
I was just wondering what things the contractor pays for that will be working on a home for a flip. I am also wondering if someone can provide me with a contract that you use with your contractor who rehabs your homes?
Andy Acosta
Private lending / Partnerships
Looking at doing my first partnership with another investor so very new at this. We’re looking at doing a 50/50 equity and rev split. Do we technically have to have both names on the title in order to share the equity...
Nick Bruckner
Alaskan Investor Learning Curve: flat roofs
Obviously flat roofs aren’t curved. Or sloped. That can be a problem in Alaska. Buildings in parts of the country have these cheap to build lids without issues. In Southcentral Alaska, where there are big snow loads a...
Brandon Sturgill
What Happens to Title/Note Using Seller Financing
I have a deal where I would like to explore seller financing as a backup to a failed wholesale...property owner in denial about the value of her property (imagine that...). She has 100% equity in the property...so how...
Mariama R.
BRRR method -what about purchasing land and building on it?
What about buying a cheap piece of land for around $15000 in a good neighborhood, and building a house on it? Is this considered a variation of BRRR and advisable in terms of building equity and wealth and perhaps fo...