All Forum Posts by: Amity Word

 If it's not house hacking then what do you call this? 

Also, I'm def not looking to just break even.  I'm currently short-term/airbnb renting the house; but considering other "cash flow" options.  

Thanks for your responses.  

yes, I looked at padsplit to get those comps.  

Based on my numbers, I could possible make $1000/month after operational expenses.

But still not sure how that works if there are 3 tenants vs. 4? 

And still dont' know if there's like a rule of thumb for how much one should profit on the minimum?  

So i guess it is possible to make $1000k...

I have a 4 bedroom ..3 bath home purchased at $275K.

Mortgage is $2210.   It's only 1400 sq ft.  Large deck/huge fenced in back yard/fire pit. 

I'm estimating rooms can range from $950 to $1300 based on what I've seen in the area.

No, I will not live in it.  

Just not sure on average how much one would should expect to profit monthly or to cash flow monthly???

Or which "rule of thumb" applies to the minimum cash flow I should look for?

Separately, what if I only have 3 tenants vs. 4?  Then do I set the rent for each room higher to make up for not having a 4th tenant? 

Hi I tried airbnbseo and not quite sure if this has helped me get bookings or if it was my price adjustments.  But it’s been slow in April and May and it’s getting into peak season so I thought I would’ve  picked up by now.  So which SEO company are you using to boost bookings?  Has anyone tried rankbreeze or any others?   Any success?  

IN YOUR EXPERT OPINION, IS JUST GETTING STARTED WITH YOUR PORTFOLIO MORE IMPORTANT THAN MEETING YOUR MINIMAL ROI GOAL IN THE BEGINNING???

I'm a new investor looking to purchase my first investment property as a short-term rental under $300K in Atlanta, Ga.  

My minimum ROI goal is $12,000 ($1,000/month).  

There's a pretty solid 3 bedroom house I can go after and the income potential is approx. $10K annually. But the 3 bedrooms are all a little under my ROI goal.

The income potential on a 4 bedroom house is $15K annually.  

***The BIG QUESTION IS should I focus on meeting the minimum ROI goal or should I focus on just getting started with a solid property even though it's a little under my goal? 

I really want to make the best of my first investment since I would have to come out of pocket for soooo many airbnb expenses. 

Should I stop going after the 3 bedroom and just aim for 4 bedroom homes to meet my ROI goal?  
The issue:

The 3 bedroom home we found has a solid brick foundation, good area, move-in ready, turn-key, and a good way to just get started; but it just doesn't meet the minimum ROI goal.

or 

I can continue my search for a 4 bedroom home, that will meet my ROI goal. I'm worried that I could be spending more money on repairs, and that there's not enough inventory in the Atlanta market for 4 bedrooms that are move-in ready under $300K?

Thank you! 

Airdna is super expensive for someone starting out investing in real estate. What is the most affordable analyzer app alternative similar to AirDNA that allows you to analyze a "specific" address/property and see the potential ROI?

and also allows you to see the going short-term and long-term rental rates of the area? 

Which app do you prefer for newbies and Why do you like it?  

Any other recommended apps besides Mashvisor?  Why? 

Thank you all for your insight.  Yes, I'm aware that this will begin as a primary residence but not forever.  There's so much to consider here.  I think ultimately just getting started will be important regardless of which way I go.  Thank you for your posts this gave me a lot of insight! 

Thanks Everyone for your input.  It seems some of you are talking in terms of long time investors who have lots of capital or for those whom have several units.  Starting out I'm low on funds and this is for only a single family or a small duplex. So I was thinking somewhere around 10% of net profit as a start for reserves. Just not sure if this is feasible or a good start. But I"m definitely talking minimal reserve to start with.