Hi, I came across this article. I am assuming they are talking about house flipping, although I dont see it specified. I am also skeptical of the profit amounts, unless they are not calculating costs of repairs, and b...
Investment Info:
Single-family residence fix & flip investment in Sterling Heights.
Purchase price: $227,500
Cash invested: $19,000
Sale price: $318,000
Cosmetic Flip (1-2) in 90 days
Kitche...
JUST CLOSED on a wholesale deal here in Kent, WA - here's how it went down!
To get the deal, I got a list of homes in two separate cities all older than 1990 and sent out 16,000 "We Buy Houses" postcards to the addre...
Hi All,I recently went under contact on my first STR, Yay!The property is already an STR and the current owners have bookings confirmed into July.The closing date is set for March 30th (meaning, I will then take over ...
Hi everyone. I own one Airbnb. I want to buy the second, but I am afraid it’s going to be hard to pay for two mortgages, with only my 9-5 job. Should I use the profit of my airbnb to help pay the monthly installment...
Is there anyone that currently host AIRBNB preferably in (Chicago) or in any major cities? I would like to know if you are getting many bookings since the pandemic and is it worthy of doing vs finding the right PAYING...
I am currently using AirDNA and Rabbu to calculate RPAs. I am convinced that these numbers are off. I have numbers for a property we are onboarding and they are vastly different than what these platforms are saying....
I have read several posts on this subject but none I could find that spell out my potential situation. Here it is:
I'm contemplating a partnership with a contractor.
I would provide 100% of financing an...
Hi All, I have a specific case. This is in South Bay Los Angeles (lawndale)wondering what a good profit is, and good list price considering the numbers, Or instructions on how to get this information.Purchased duplex ...
I am joining forces with several investors for the purchase of an apartment building. What is the typical arrangement for distribution of cash flow, profit sharing, and sales proceeds? My template is: 8% quarterly...