All Forum Posts by: Andrew Steffens

All my currently owned properties are/were great deals, but definitely had some duds and losers along the way.  Sometimes the best deal is the one you don't buy!

Its great if you want to work hard for a year and have a lot of paid for used furniture at the end - and little to no, or even negative cash flow.

Apples and Orange comparison but I have a client that owns in Asheville area and he said conditions are improving there as well.

There are dozens if not hundreds of older posts on here about arbitrage and its pitfalls.  Focus the energy on ideas on how to purchase and own the assets and you will be much better off in the long run.  Good luck!

I would recommend searching for arbitrage on here - there are dozens if not more posts about arbitrage and the pitfalls of it.  I like the advice above about building your career and coming in at the right time and purchase these as investments.  Best of luck!

I like to think of my rentals as my investment nest egg.  Of course I also have a proper investment portfolio but most of my properties I have now started the 30 year mortgage in my early 30s so I could/should have them paid off and doubled or more in value by 60.

It makes me cringe a little too but I deal with the public / clients often so I have to let it go.  I have even seen people book on VRBO refer to their rental as an Airbnb i.e. when can I enter the Airbnb? lol.

There is actually a term for this - genericization - like to google something.

 Thank you!

wife says we "need" a new robot vac - lmk if you see any deals haha

I think it depends on a few things. If net income were identical based on self managing both the easy answer is LTR, with 2 caveats I can think of. There are tax advantages of STR, the question is do you plan to take advantage of them and how much will they benefit you? Second is any potential for personal use. Do you see you or your friends/family getting any personal enjoyment of the property?