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All Forum Posts by: Adam Connolly

Adam Connolly has started 1 posts and replied 2 times.

Post: Multi-Family or Mid-term Rental?

Adam Connolly
Pro Member
Posted
  • Posts 2
  • Votes 0
Quote from @Max McQueen:

Hey BP Family, I'd love your insight on this.

I'm currently weighing two intriguing options: house-hacking a 4-plex or venturing into the realm of a mid-term rental with a single-family home or duplex, particularly for renting to travel nurses. While the former presents a classic investment opportunity, the latter has caught my eye for its unique and potentially lucrative approach.

As someone relatively new to this field, I'm aware that there might be aspects I haven't considered or opportunities I'm overlooking. Your insights, advice, and recommendations would be invaluable to me in this decision-making process.

Thanks!


Just some hopefully thought-provoking questions on option #2. Have you considered proximity to a hospital, or better, multiple hospitals and long-term care or retirement facilities? Secondly, do you have any data on the lengths of time over which a traveling nurse is in one location vs another? Days, weeks, months, etc? If shorter lengths of time, it could make more sense to STR/Airbnb a property like that; if longer, maybe mid-term is a better approach. Just some thoughts! Good luck!

Post: New Investor has entered the chat

Adam Connolly
Pro Member
Posted
  • Posts 2
  • Votes 0

Good evening, folks! I am VERY happy to be here! My name is Adam -- I am an engineer and early leader at an Aerospace and Defense firm in the U.S. and am looking to begin the path to financial freedom through real estate investing. 

I am, by and large, a toothless pup in this world at present. However, in the world of defense, I have been a top-tier performer in every organization I've been a part of. Despite some relative success in that domain, I've found that I still lack the one thing I covet most; TIME! I consider time to be our most precious resource, and will treat yours with an equal amount of respect as I do my own; namely, by not wasting it and by working to give value back to you in any way that I can. My interests can be found on my profile.

I am in this to crush it, and to do so over the long-haul. Looking forward to meeting some like-minded and knowledgeable folks! Please feel free to reach out and connect! Thank you and best of luck to you all in your own journeys!