All Forum Posts by: Sunny Shakhawala

@Frank Leone Heres what Id want to see: Acq price Rehab budget with contingency Terms of borrowing/lending (length and %) Comps (as-is & ARV) What are you putting in $?? Inspections / appraisals if possible A promissory note and mortgage

@David Walkotten I wonder if @Justin Fraser has any ideas...

@Adam Webb Coming from a 45 unit motel owner. 0% vacancy is beast. GOOD JOB! You can try to find a healthy balance of charging more and maximizing revenue. But in my eyes.. ill take a sure thing every day. Bird in hand is worth 2 in the bush. Especially in our business. When a room is empty for a night, its a total dead weight loss. Theres nothing i can do tomorrow to get that back. Charging double tomorrow doesnt bring back the loss from today. Cause i woulda got double tomorrow anyway. And still made zero today. I prioritize convenience and heads in beds.

@Anthony Wick The beautiful thing abt real estate is you get to decide how you want to do it. If you ask me, i wouldnt marry someone i just want to date. If that means the relationship ends, so be it.

@Josh Lyons I would buy the opposite of a pick up to ensure i dont end up doing that stuff.

@Zachary B Herschensohn Keep it up.

@Chris Purcell This.

@Steven Coppola “Buying a house is the best investment”? People actually say that?? I love renting. Will continue to rent for the foreseeable future.

@Brian Baker ELOC are great for funding deals. Thats what I use to fund all of my PML deals. You need to spend a good 4 hours just calling different banks (credit unions) and finding out what their terms are for secondary or investment home helocs. That’ll tell you all you need to know. First question should be, “do you do interest only payments” lol. Paying principal contributions on a HELOC sucks.

@Jesse Harris Rentometer and craigslist