All Forum Posts by: Chase Davidson

@Jon Crosby, thank you for the heads up on the inclusion of the different pieces of AirDNA's ADR and Revenue calculations, as well as the thought process of why that actually matters. It is some great insight.

@Jeremy Absher & @Jaeseok An, thank you for all the other STR analysers!

@Paul Sandhu & @Michael Baum, Amazing numbers y'all are putting out!

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Originally posted by @Michael Baum:

Hey @Chase Davidson, just an FYI. AirDNA results can really vary depending on the area. I wouldn't rely on that alone to make your decision.

What would you recommend as an alternative source to fact check their listings?

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Originally posted by @Jeremy Absher:

@Chase Davidson airdna.co sign up for a free account go under investment tab and click on rentalizer and enter in ur address.

Amazing! Thank you.

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What are some resources one can use when trying to estimate the gross revenue a STR will bring in?

I am analyzing a deal that would be a house hack with a detached garage that I would love to turn into an ADU. Are there databases with comps of what good Airbnb prices go for like what BP insights provides or do I just need to grind on AirBnB's sight for comps?

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Originally posted by @Jordan Moorhead:

@Chase Davidson I would househack here and use that to start buying rentals with FHA and physician loans. Once you're able and knowledgeable start investing out of state

To make sure you grab a good deal on a SFH househack here in ATX would you recommend using the BRRR calculator or the Fix & Flip calculator? is there enough of a difference between the two?

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Originally posted by @Kenneth Garrett:

@Chase Davidson

The DTI varies from lender to lender. I spoke to a lender a couple of weeks ago about DTI for a second home. Will STR it most of the year and I will use it a few weeks a year. They would go up to 50% DTI on a second home. Rates are so low that you can do a lot now with financing a property at 3% or less in some cases. Use the second home strategy to save on the interest rate. Pretty sure you can't apply this to small multi units. Short Term Rental vacation home could potentially return better cash flow then a multi unit in Ohio. You should explore other possibilities.

Good Luck.

I have been considering this as a second strategy since I live in Austin and it is a big Bachelor/Bachelorette party city. After our lease ends in July 2021, we want to get into a Live & BRRR and turn them into STR or LTR.

Out of curiosity, do you know if there is a certain number of days/percentage of the year you need to live in the residence for it to constitute a second home and not a true investment property? Does that even matter?

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Originally posted by @Pierce R.:

@Chase Davidson spent all of grad school thinking of how to get out of the rat race while racking up 280k in student debt...... the irony here is unmatched.

I feel you though brother, have 90k in debt to get a finance degree from a state school. Best of luck

Unfortunately you cant treat patients without a medical license, so it was a step that had to happen to ultimately live the life I want.

But yes, starting the real estate journey with $280k in student loan debt (combined $600k with my girlfriend who is also a chiro) is a bit of a damper... but it will make the victory lap once I reach my goal of $100K/yr by 35 so much sweeter.

Best of luck for you too my dude!

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@Matthew Jordan Everyone that I had talked up to this forum prior spoke of using physician loans because of the student loan debt myself and my partner have accumulated.

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@Jason Hoff, thank you for the insight on some lenders giving options for 2nd homes!

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@Steven Foster Wilson, you're the man. Thank you so much!

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All Forum Posts by: Chase Davidson

Chase Davidson has started 2 posts and replied 13 times.

Post: Estimating STR Income

Post: Estimating STR Income

Post: Estimating STR Income

Post: Estimating STR Income

Post: Debt to Income Ratio and Long Distance Investment

Post: Debt to Income Ratio and Long Distance Investment

Post: Debt to Income Ratio and Long Distance Investment

Post: Debt to Income Ratio and Long Distance Investment

Post: Debt to Income Ratio and Long Distance Investment

Post: Debt to Income Ratio and Long Distance Investment