Do not mess this up if you want to invest in real estate in 2024… ‼️ And make sure to hit save on this post! Thinking of becoming a real estate investor this year? It's a fantastic way to build wealth, but there's more to consider than just the monthly rent. Here are some hidden costs to factor in for informed decisions and success: 1. You make money when you buy real estate Ensure your property withstands tough times for maximum returns. 2. Property Management Imagine vacation time. A good short-term rental property manager handles tasks for a fee (typically 8-10% of monthly rent). Property management frees up your time, but it's optional. You can manage the property yourself, handling tenant calls and repairs. 3. Vacancy Buffer Life happens. Allocate 5-8% of monthly rent to cover vacancy periods. 4. Budgeting for Big Fixes Everything has a lifespan. Budget 3-5% of monthly rent for future major repairs. I highly recommend banking with @relayfi & using @profit first method for this. 5. Keeping Up with Small Repairs Clogged toilets, dripping faucets. Set aside 5-8% of monthly rent for ongoing maintenance. The best part about owning short term rentals is that you have professional cleaners in your property every turn so they keep an eye on these things & make sure they don't add up! Factor in ALL these expenses when analyzing potential properties! This gives you a clearer picture of the true ownership cost and helps you make smarter investment decisions. P.S. Want to learn more about real estate investing and avoid costly mistakes? Just send me a direct message with "INVEST". #cashflow #biggerpockets #lattesandleases #realestate #investing #investor #rental #rentalproperty #rentals #realestatetips #realestatemarket #realestateadvice #realestateinvesting #realestateinvestor #investinrealestate #deal #passiveincome #realestatelife #realestatetipsoftheday
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𝗥𝗢𝗜 𝗜𝘀𝗻’𝘁 𝗮 𝗢𝗻𝗲-𝗦𝗶𝘇𝗲-𝗙𝗶𝘁𝘀-𝗔𝗹𝗹 𝗠𝗲𝘁𝗿𝗶𝗰! 𝗥𝗲𝗮𝗹 𝗲𝘀𝘁𝗮𝘁𝗲 𝗶𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝗶𝘀 𝗽𝗼𝘄𝗲𝗿𝗳𝘂𝗹. But understanding your ROI (Return on Investment) is the key to knowing if that investment is really working for you. Did you know there’s more than one way to calculate ROI depending on the property type? Let’s break it down: For example, 𝘄𝗶𝘁𝗵 𝘀𝗵𝗼𝗿𝘁-𝘁𝗲𝗿𝗺 𝗿𝗲𝗻𝘁𝗮𝗹𝘀, I look at three factors: nightly rate, occupancy rate, and seasonal trends. So, let’s say I’m pulling in $250 per night, and I average 20 nights booked each month. That’s $5,000 gross income monthly. But then, I subtract my monthly costs—things like cleaning, platform fees, and utilities, which come to around $1,500. So my net income is $3,500. From there, I calculate ROI by comparing my net income to my initial investment. 📈 𝗪𝗶𝘁𝗵 𝗱𝘂𝗽𝗹𝗲𝘅, 𝗺𝘆 𝗳𝗼𝗰𝘂𝘀 𝘀𝗵𝗶𝗳𝘁𝘀. For example, the property has two long-term tenants bringing in a combined monthly rent of $3,200. Expenses (including maintenance, property management, and insurance) total $800. So, my net monthly income is $2,400. A steady income flow like this means my ROI for a duplex often looks very different from a short-term rental ROI. 🏠 Each property type has its own ROI quirks, and a clear formula helps keep the numbers in line with my goals. 🔍💼 𝗞𝗻𝗼𝘄𝗶𝗻𝗴 𝘁𝗵𝗲 𝘀𝗽𝗲𝗰𝗶𝗳𝗶𝗰𝘀 𝗶𝘀 𝗲𝘀𝘀𝗲𝗻𝘁𝗶𝗮𝗹 𝗶𝗻 𝗿𝗲𝗮𝗹 𝗲𝘀𝘁𝗮𝘁𝗲, 𝗲𝘀𝗽𝗲𝗰𝗶𝗮𝗹𝗹𝘆 𝘄𝗶𝘁𝗵 𝘂𝗻𝗶𝗾𝘂𝗲 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁𝘀. What’s your top priority when calculating ROI? Comment below! 👇 #RealEstateROI #InvestmentGoals #ShortTermRentals #DuplexInvestor #TriplexInvesting
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Are you finding that negatively geared properties are draining your finances each month? Or even looking to get into the real estate market or generate positive cash flow but don’t own any real estate or have the serviceability to get a loan? Rooming houses might be the solution you need for consistent, positive cash flow. Here are some key benefits of investing in rooming houses: * High Rental Yields: Rooming houses often provide higher rental yields compared to traditional rental properties, ensuring a steady and reliable income. * Flexibility: You can create a cash flow property without owning any real estate. Alternatively, you can choose to purchase your own property or convert an existing one into a rooming house. * Positive Cash Flow: Unlike negatively geared properties that can strain your finances, rooming houses generate positive cash flow, offering greater financial stability and growth potential. * Financial Freedom: Income from rooming houses can help you reduce dependence on a 9-to-5 job, allowing you to pursue other interests and enjoy more flexibility in your lifestyle. Rooming houses are in high demand due to the affordable living solutions they offer, making them a viable and profitable investment option. Whether you're looking to start without owning property or aiming to convert an existing property, rooming houses can be a great addition to your investment portfolio. If you're interested in learning more about how rooming houses work and how you can start generating positive cash flow, feel free to send me a direct message. Let's explore how this investment strategy can fit into your financial plans and help you achieve your goals.#realestate #property #australia
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Are you finding that negatively geared properties are draining your finances each month? Or even looking to get into the real estate market or generate positive cash flow but don’t own any real estate or have the serviceability to get a loan? Rooming houses might be the solution you need for consistent, positive cash flow. Here are some key benefits of investing in rooming houses: * High Rental Yields: Rooming houses often provide higher rental yields compared to traditional rental properties, ensuring a steady and reliable income. * Flexibility: You can create a cash flow property without owning any real estate. Alternatively, you can choose to purchase your own property or convert an existing one into a rooming house. * Positive Cash Flow: Unlike negatively geared properties that can strain your finances, rooming houses generate positive cash flow, offering greater financial stability and growth potential. * Financial Freedom: Income from rooming houses can help you reduce dependence on a 9-to-5 job, allowing you to pursue other interests and enjoy more flexibility in your lifestyle. Rooming houses are in high demand due to the affordable living solutions they offer, making them a viable and profitable investment option. Whether you're looking to start without owning property or aiming to convert an existing property, rooming houses can be a great addition to your investment portfolio. If you're interested in learning more about how rooming houses work and how you can start generating positive cash flow, feel free to send me a direct message. Let's explore how this investment strategy can fit into your financial plans and help you achieve your goals.#realestate #property #australia
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Are you finding that negatively geared properties are draining your finances each month? Or even looking to get into the real estate market or generate positive cash flow but don’t own any real estate or have the serviceability to get a loan? Rooming houses might be the solution you need for consistent, positive cash flow. Here are some key benefits of investing in rooming houses: * High Rental Yields: Rooming houses often provide higher rental yields compared to traditional rental properties, ensuring a steady and reliable income. * Flexibility: You can create a cash flow property without owning any real estate. Alternatively, you can choose to purchase your own property or convert an existing one into a rooming house. * Positive Cash Flow: Unlike negatively geared properties that can strain your finances, rooming houses generate positive cash flow, offering greater financial stability and growth potential. * Financial Freedom: Income from rooming houses can help you reduce dependence on a 9-to-5 job, allowing you to pursue other interests and enjoy more flexibility in your lifestyle. Rooming houses are in high demand due to the affordable living solutions they offer, making them a viable and profitable investment option. Whether you're looking to start without owning property or aiming to convert an existing property, rooming houses can be a great addition to your investment portfolio. If you're interested in learning more about how rooming houses work and how you can start generating positive cash flow, feel free to send me a direct message. Let's explore how this investment strategy can fit into your financial plans and help you achieve your goals.#realestate #property #australia
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Are you finding that negatively geared properties are draining your finances each month? Or even looking to get into the real estate market or generate positive cash flow but don’t own any real estate or have the serviceability to get a loan? Rooming houses might be the solution you need for consistent, positive cash flow. Here are some key benefits of investing in rooming houses: * High Rental Yields: Rooming houses often provide higher rental yields compared to traditional rental properties, ensuring a steady and reliable income. * Flexibility: You can create a cash flow property without owning any real estate. Alternatively, you can choose to purchase your own property or convert an existing one into a rooming house. * Positive Cash Flow: Unlike negatively geared properties that can strain your finances, rooming houses generate positive cash flow, offering greater financial stability and growth potential. * Financial Freedom: Income from rooming houses can help you reduce dependence on a 9-to-5 job, allowing you to pursue other interests and enjoy more flexibility in your lifestyle. Rooming houses are in high demand due to the affordable living solutions they offer, making them a viable and profitable investment option. Whether you're looking to start without owning property or aiming to convert an existing property, rooming houses can be a great addition to your investment portfolio. If you're interested in learning more about how rooming houses work and how you can start generating positive cash flow, feel free to send me a direct message. Let's explore how this investment strategy can fit into your financial plans and help you achieve your goals.#realestate #property #australia
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📊 Maximize Your Returns with the Power of Rental Yield! 📊 Thinking about investing in property? Before you dive in, make sure you know how to calculate Rental Yield — one of the most powerful indicators of a property’s profitability! 📈 What is Rental Yield? Rental yield is the percentage of your annual rental income compared to the property’s value. It shows how much cash flow you’ll get from your investment each year — a key metric for smart investors. 🔍 How to Calculate It: 1️⃣ Annual Rental Income: Multiply your monthly rent by 12. 2️⃣ Property Value: Use the current market value of your property. 3️⃣ Calculate: Rental Yield (%) = (Annual Rental Income ÷ Property Value) × 100 💡 Example: Annual Rental Income: £18,000 Property Value: £250,000 Rental Yield = (£18,000 ÷ £250,000) × 100 = 7.2% 🔹 Higher Yield = More Profitability Aim for a rental yield that aligns with your financial goals and the local market. A 7-9% yield can be solid for many rental markets, while short-term lets might vary. Why It Matters: Rental yield helps you understand how quickly an investment can pay for itself and whether it can cover costs like maintenance, taxes, and mortgages. Knowing this can make a big difference in your returns! 💸 Ready to maximize your rental returns? Start by calculating your property’s yield today, and see if it’s time to invest or re-evaluate! 💰🏡 Book a Call with me to know more! 👉https://lnkd.in/ev9Y4xu4 #RentalYield #UKProperty #PropertyInvesting #PassiveIncome #MaximizeReturns #SmartInvestments #FinancialFreedom #PropertyFreedom
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Real estate seems basic. Buy a house Rent it out for more than your expenses Pocket and/or invest the cash flow Some may use the excess cash to pay for their own livelihood. Or for fun things like cars, boats and vacations. But real estate isn’t just a house. Apartments Storage units Warehouses Hotels Yurts Yes, that last one still counts. 😉 ALL of the above fall into the real estate bucket. Real estate is an investment now and well into your future. So although on the surface, real estate seems basic, it’s actually a tool that when used correctly, opens up plenty of opportunity and growth in wealth for those investing in it. Does your plan include real estate? If so, and you’d also like to invest completely hands off, reach out to me. I help busy professionals who want to diversify their funds and achieve another source of income through passive investments. #realestateinvesting #multifamily #realestate
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Are you finding that negatively geared properties are draining your finances each month? Or even looking to get into the real estate market or generate positive cash flow but don’t own any real estate or have the serviceability to get a loan? Rooming houses might be the solution you need for consistent, positive cash flow. Here are some key benefits of investing in rooming houses: * High Rental Yields: Rooming houses often provide higher rental yields compared to traditional rental properties, ensuring a steady and reliable income. * Flexibility: You can create a cash flow property without owning any real estate. Alternatively, you can choose to purchase your own property or convert an existing one into a rooming house. * Positive Cash Flow: Unlike negatively geared properties that can strain your finances, rooming houses generate positive cash flow, offering greater financial stability and growth potential. * Financial Freedom: Income from rooming houses can help you reduce dependence on a 9-to-5 job, allowing you to pursue other interests and enjoy more flexibility in your lifestyle. Rooming houses are in high demand due to the affordable living solutions they offer, making them a viable and profitable investment option. Whether you're looking to start without owning property or aiming to convert an existing property, rooming houses can be a great addition to your investment portfolio. If you're interested in learning more about how rooming houses work and how you can start generating positive cash flow, feel free to send me a direct message. Let's explore how this investment strategy can fit into your financial plans and help you achieve your goals.#realestate #property #australia
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Are you finding that negatively geared properties are draining your finances each month? Or even looking to get into the real estate market or generate positive cash flow but don’t own any real estate or have the serviceability to get a loan? Rooming houses might be the solution you need for consistent, positive cash flow. Here are some key benefits of investing in rooming houses: * High Rental Yields: Rooming houses often provide higher rental yields compared to traditional rental properties, ensuring a steady and reliable income. * Flexibility: You can create a cash flow property without owning any real estate. Alternatively, you can choose to purchase your own property or convert an existing one into a rooming house. * Positive Cash Flow: Unlike negatively geared properties that can strain your finances, rooming houses generate positive cash flow, offering greater financial stability and growth potential. * Financial Freedom: Income from rooming houses can help you reduce dependence on a 9-to-5 job, allowing you to pursue other interests and enjoy more flexibility in your lifestyle. Rooming houses are in high demand due to the affordable living solutions they offer, making them a viable and profitable investment option. Whether you're looking to start without owning property or aiming to convert an existing property, rooming houses can be a great addition to your investment portfolio. If you're interested in learning more about how rooming houses work and how you can start generating positive cash flow, feel free to send me a direct message. Let's explore how this investment strategy can fit into your financial plans and help you achieve your goals. #realestate #property #australia
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Are you finding that negatively geared properties are draining your finances each month? Or even looking to get into the real estate market or generate positive cash flow but don’t own any real estate or have the serviceability to get a loan? Rooming houses might be the solution you need for consistent, positive cash flow. Here are some key benefits of investing in rooming houses: * High Rental Yields: Rooming houses often provide higher rental yields compared to traditional rental properties, ensuring a steady and reliable income. * Flexibility: You can create a cash flow property without owning any real estate. Alternatively, you can choose to purchase your own property or convert an existing one into a rooming house. * Positive Cash Flow: Unlike negatively geared properties that can strain your finances, rooming houses generate positive cash flow, offering greater financial stability and growth potential. * Financial Freedom: Income from rooming houses can help you reduce dependence on a 9-to-5 job, allowing you to pursue other interests and enjoy more flexibility in your lifestyle. Rooming houses are in high demand due to the affordable living solutions they offer, making them a viable and profitable investment option. Whether you're looking to start without owning property or aiming to convert an existing property, rooming houses can be a great addition to your investment portfolio. If you're interested in learning more about how rooming houses work and how you can start generating positive cash flow, feel free to send me a direct message. Let's explore how this investment strategy can fit into your financial plans and help you achieve your goals. #realestate #property #australia
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💥Helping Alternative Investment Companies Grow Their Business Through Proven Podcast Guesting Strategies | Passive Investor | Girl Dad
8moInvesting in real estate is an exciting journey with great potential!