All Forum Posts by: Ryan Aung

I wanted to attend a few real estate conferences this year. However, I wanted to find out what is the best use of conferences such as tips on how to maximize the "return" on attending those conferences. TIA - Your help is highly appreciated!

Hi, I am looking for STR cleaner in Napili-Honokowai, Maui area. Thanks in advance!

Looks like a lot of great advise. For me personally, I looked at it as every 1 new deal I analyze it is getting 1 deal closer. I also heard from Ken McEloy the other day  is new construction cost in AZ is $215 s.f. and rising due to lumber costs and construction costs going up. Obviously, cash flow is #1 thing for buy-and-hold but I am comparing cost per s.f. with new construction cost $215 to see if I am getting a good *deal* because construction costs are projected to continue to go up in the near future. 

I also confirmed with someone who is building a new duplex and he said lumber prices are sky-rocketing so new builds will surely cost more and push housing prices higher.

Keep on Grinding!
 

If you need a Property Manager, I would like to recommend Dick Rosen of LHM Realty in Phoenix. I was looking at a four-plex deal in phoenix and a quick 5 mins phone call with Dick, he was able to provide the neighborhood assessment and type of tenants in the area. He is very knowledgeable about Phoenix market and I avoided costly mistake. 

@Rich Ramjatan, I called a few lenders and definitely it is not "regular" transaction. However, I found a lender who said it can be done. I am planning to do that for my next BRRR. I will let you know how it turns out.

@Luke Carl 

@John Underwood

Appreciate you taking the time and answering. Thank you for the information. Trying to combine BRRR with Airbnb and I want to account vacancy rate so that I can calculate what purchase price makes sense.

Is there any website to find out about vacancy rate for Airbnb and VBRO?

@Whitney Hutten, Thanks for the advise. I will talk to the lender. 

@Cameron Lam, very inspiration post. Thanks for sharing.

@Wayne Brooks Thanks for taking the time and replying. That makes sense. I think if I purchase and Rehab right, the limitation of my loan amount will be “purchase plus rehab”. Here is hypothetical purchase, 

Actual Purchase price: 60k

Actual Rehab cost: 20k

ARV (appraised value): 120k

Closing HUD statement: 100k (60k to seller + 40k to buyer)

Delayed finance: 80k (80% of closing HUD statement because this value is less than 80% of 120k appraised value)

Using 80% for simplified math but can be replaced with 75%.

Correct me if my understanding is incorrect. Thanks again for replying. Appreciate your guidance.