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Mike Bauldree
  • Investor
  • Carolina Beach, NC
0
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9
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AI Underwriting Tool for Caribbean STR deals

Mike Bauldree
  • Investor
  • Carolina Beach, NC
Posted

Most "pro-formas" you see from international real estate agents are designed to sell a property, not to protect your capital. They often "forget" the 6% BBO tax, the reality of Caribbean utility costs, or the 25% management fee required for a true hands-off investment.

I built STR Underwriter to solve my own problem: getting an objective, cold-blooded look at international deals before the wire transfer happens.

We just finished an analysis on a 2BR in Noord. On paper? 12% yield. Reality? High HOA special assessments pushed it closer to 7%.

If you're looking at a deal in Aruba, the USVI, or the DR and want a second set of eyes that doesn't care if you buy the house or not, check us out at https://caribbeanstr.com/.   You can view a sample report of our work here:  https://caribbeanstr.com/aruba_report