All Forum Posts by: Robert Kurka

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $480,000
Cash invested: $7,500

I've turned my 2-bed, 1-bath unit into a profitable Airbnb. With 2 short-term rentals, my property earns $7,800 monthly, covering the $2,700 mortgage. Future plans involve shifting long-term tenants to short-term, aiming for $9,000 in monthly revenue."

What made you interested in investing in this type of deal?

STR and MTR methods make me the most excited In this market where interest rates are high. These strategies allow you to still buy houses in the current market and still create positive cash flow. transformed my former 2-bedroom, 1-bath unit into a lucrative Airbnb space. I've committed $7,500 towards renovating and furnishing this unit. Now, with two short-term rentals, my property generates a substantial income of $5,300 from short-term rentals, while the remaining unit yields an additional $1500

How did you find this deal and how did you negotiate it?

MLS - found this deal on the MLS and in a multiple-offer situation I was able to lock it down

How did you finance this deal?

FHA - 3.5 % down

How did you add value to the deal?

Converted Garage into 3rd unit and then did 2 STR,s at the property

What was the outcome?

a single property with only 3 doors that has the potential for $9000 a month in total revenue when all 3 units are STR's

Lessons learned? Challenges?

Just do it, STR's will really surprise you

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $480,000
Cash invested: $7,500

"I've successfully vacated my triplex residence and transformed my former 2-bedroom, 1-bath unit into a lucrative Airbnb space. I've committed $7,500 towards renovating and furnishing this unit. Now, with two short-term rentals, my property generates a substantial income of $5,300 from short-term rentals, while the remaining unit yields an additional $1,500 in monthly income. In total, my property brings in a monthly revenue of $7,800, with a manageable mortgage of $2,700.

In the future, I plan to transition my long-term tenants to short-term rentals for all three units, potentially increasing my total monthly revenue to an impressive $9,000.

What made you interested in investing in this type of deal?

STR and MTR methods make me the most excited In this market where interest rates are high. These strategies allow you to still buy houses in the current market and still create positive cash flow.

How did you find this deal and how did you negotiate it?

MLS - found this deal on the MLS and in a multiple-offer situation I was able to lock it down

How did you finance this deal?

FHA - 3.5 % down

How did you add value to the deal?

Converted Garage into 3rd unit and then did 2 STR,s at the property

What was the outcome?

a single property with only 3 doors that has the potential for $9000 a month in total revenue when all 3 units are STR's

Lessons learned? Challenges?

Just do it, STR's will really surprise you

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $480,000
Cash invested: $7,500

"I've successfully vacated my triplex residence and transformed my former 2-bedroom, 1-bath unit into a lucrative Airbnb space. I've committed $7,500 towards renovating and furnishing this unit. Now, with two short-term rentals, my property generates a substantial income of $5,300 from short-term rentals, while the remaining unit yields an additional $1,500 in monthly income. In total, my property brings in a monthly revenue of $7,800, with a manageable mortgage of $2,700.

In the future, I plan to transition my long-term tenants to short-term rentals for all three units, potentially increasing my total monthly revenue to an impressive $9,000.

What made you interested in investing in this type of deal?

STR and MTR methods make me the most excited In this market where interest rates are high. These strategies allow you to still buy houses in the current market and still create positive cash flow.

How did you find this deal and how did you negotiate it?

MLS - found this deal on the MLS and in a multiple-offer situation I was able to lock it down

How did you finance this deal?

FHA - 3.5 % down

How did you add value to the deal?

Converted Garage into 3rd unit and then did 2 STR,s at the property

What was the outcome?

a single property with only 3 doors that has the potential for $9000 a month in total revenue when all 3 units are STR's

Lessons learned? Challenges?

Just do it, STR's will really surprise you

 This is a great Real Estate Lawer. Nathan  and his team can handle just about any real estate related problem 

[email protected]

Nathanial M. Close | ​ Attorney

MONTGOMERY PURDUE pllc

701 Fifth Avenue, Suite 5500 Seattle, WA 98104 (206) 682-7090 Direct: (425) 301-6228

[email protected] www.montgomerypurdue.com

Quote from @Ran Iarovich:

With recent issues with the debt ceiling and summer market coming up. We've been through many fluctuations since the start of 2022. To the Bigger Pocket community - are you doing anything different this year due to the recent rate hikes? 

Hello, my name is Robert Kurka,  I possess exceptional skills in analyzing deals and identifying lucrative projects, setting me apart from others in the field. One of my key strengths lies in my ability to find cash-flowing rentals by employing innovative strategies involving Short-Term Rentals (STRs) and Medium-Term Rentals (MTRs). These approaches prove particularly effective in overcoming challenges posed by high-interest rates. 

Without implementing short-term and long-term rentals is very hard to cash flow right now. 

Hello! One effective method for maximizing the potential of your existing properties is by utilizing a Home Equity Line of Credit (HELOC). A HELOC functions similarly to a checking account, allowing you to withdraw funds at low-interest rates. This enables you to leverage the HELOC for down payments in a strategy known as BRRR (Buy, Rehab, Rent, Refinance, Repeat).

By leveraging the HELOC, you can obtain the necessary funds to make down payments on additional properties. After acquiring these properties, you can renovate and improve them to increase their value. As the properties appreciate and generate rental income, you can then refinance them to access the profits earned through the BRRR strategy.

One notable advantage of using a HELOC is the ability to pay back the borrowed amount gradually. By utilizing the profits from the BRRR investments, you can effectively repay the HELOC over time. This approach allows you to maintain a manageable repayment schedule while capitalizing on the potential returns from your property investments.

Aslo, it's worth considering leveraging your stock portfolios as well. Through a stocks loan, you can access up to 100% of your holdings while benefiting from low-interest rates. This opens up additional opportunities to leverage your investments and diversify your financial portfolio.

In summary, utilizing a Home Equity Line of Credit (HELOC) and leveraging your stock portfolios can serve as powerful tools to leverage your current properties and optimize your financial strategy. With careful planning and prudent investment decisions, you can effectively grow your real estate portfolio and capitalize on the potential returns offered by these investment avenues.

Exciting news from Jh1 Homes! We are actively seeking several more projects in the greater Seattle area to develop or flip! If you're a savvy wholesaler or someone who can source deals, you can reach out to me directly or add me to your buyer's list. This could be a great chance to collaborate and explore potential opportunities to work together in the Seattle real estate market.

Hi, I get all my appliances  from

Appliance Recycling Outlet  10105 Airport Way, Snohomish, WA 98296

best price in town 

Quote from @Carlos Ptriawan:

I am more interested in your building supply, from where do you get your cabinet supply ?

 here is a link we get our cabinets from Pius 

https://www.piuskb.com/

Great points, Andy! In the greater Seattle area, the majority of our projects exceed the $1 million price point. However, when it comes to influencing price points in any neighborhood, paying attention to the details is key