I’m thinking about purchasing a vacation rental in the great Smokey Mountains. I wanted to chat with some people who has some experience with these, or maybe someone possibly has some for sale.
Hi EveryoneAfter reading through many excellent posts, include the "Diary of a New Construction Project" by @J Scott and @Joshua Dorkin, I thought I might add our voice here on BP. I am proposing to track the entire l...
Have any of you done a cost seg. study on an STR? We recently purchased a large cabin in the Smokies that I'm interested in having a cost seg study completed on. If we do a cost seg, are we able to count depreciation ...
Purchase Price: $420,000Down Payment + Closing Costs: $98,000Repair Cost: ~$50,000ARV: $570,000Forced Appreciation: $100,000Deal: $420,000Comp 1: $545,000Comp 2: $620,000Comp 3: $580,000This was just a on-the-surface ...
Hello BP Community!I wanted to thank you all for helping me think through all the steps that are required prior to jumping into RE investing. Based on my research and your input, I've narrowed down my targets to: Ohio...
Purchasing a home at $66k. Memphis, TN 38115. Initially I thought the rents would be from $850 to $950, thIs was supported by my rentometer analysis, Zillow estimates and my
Agent’s comp list of rents around the area....
I am in the final stages of acquiring a down payment for my next investment. I was initially planning on using the money to purchase a property in Palm Springs for an STR, but with todays announcement of higher inflat...
The debate about a market crash has become almost as emotional as some other favorite American controversies. You don't see seasoned investors selling off their portfolios. Especially on social media no matter if it's...
Hey everyone, I accomplished my goal of getting my first rental property under contract by the end of 2017 and I close on this property soon. I have been calculating the best way to grow my portfolio, but I am curious...
We have been discussing this at my office all day. I don't know much as this point, but here's what I know: "Fannie Mae is tightening the underwriting criteria for second homes and investment properties, the governmen...