Here is my process for analyzing an STR property:1. Use the average ADR & Occupancy on Rabbu (FREE)2. Use the ADR & Occupancy on Awning (FREE)3. Find comps on AirBnB and get their total before taxes (inc. fees...
Hi everyone,
I just go over the fix and flip calculator to check on what I think is a deal. This a inherit property that the oldest daughter of the family i selling because she do not carry the mortgage and or proper...
Hi Everyone, I am so excited about Real Estate Investing. I am going to attend the Chicago Creative Investors Monthly meeting this upcoming Sunday. I want to get out there and start my learning process, besides tunin...
Hi all, I have a SFH in the DFW area which I have had a long term tenant in for 2 years. The tenant has been excellent and has always paid rent on time even when the eviction moratorium came into effect. The tenant is...
Hi, I've introduced myself and asked some advice for my other LLC in my first few post's. I have read thousand's of post's and listened to several of podcast before creating an account and attempting to network. I sho...
I'm about to hire a GC for a 100K job. I've been burnt many times dealing with contractors and I'd like to avoid it happening again.What are the questions I need to ask before signing a contract? These are what I've c...
Hi All!
For me, 2020 has been the year that has forced me to get things moving. I have opened my own business and have decided to start investing into rental properties as a second business. The goal is to eventually...
Today I went to look at my first rental investment property. I am hoping to BRRRR. It is a cash flowing 2 unit multifamily building. The rent is $700 + $700 = $1400. I've estimated NOI to be around $11,000. Cost is $8...
I hired a contractor back in October and he did some work for me on multiple properties to the tune of around 4k. I had him fill out a W-9 tax form. I recently had to fire him due to his quality of work lowered and he...
is there any websites that provides data for Multifamily operating expenses for given markets?