All Forum Posts by: Daniel Dass

@Daniel Dass I'm a Canadian who moved to Florida to invest full-time down here about 5 years ago. That's great to hear you want to focus on Florida rather than Canada... I don't blame you (lol). But it sounds like you're in the beginning stages of your search and like others have mentioned above, most if not all you need is right here in terms of resources. I've been to these courses and many times they're framing it to be so easy... it's not. If it was, everyone would be doing it. Florida is really competitive with short-term rentals and I've heard many stories of people diving into the market over the past few years only to find it difficult to cash flow with unexpected costs, rising interest and insurance rates, higher price points. Not to say you can't make it work, there's definitely opportunity... but I would take it slow, utilize this platform and those who've already generously reached out to you to help, and know your numbers. Good luck!

Thank you for your response !

Yes, I am at the beginning stage and I appreciate all the responses I have gotten thus far. Very generous group.

I definitely will use this platform, take it slow, read the books recommended, and create a plan !

Thank you again

0 Votes

Hello,

I am a young investor looking to get knowledge on how to utilize seller financing to obtaining 2nd rental property.

I bought 1 single family home in Tilbury, Ontario in 2021 and it is not cashflowing AND not able to sell right now as locked in mortgage until 2027.

I do have some cash, but not enough for a 2nd property, and I seen plenty of off market seller financing - but I just don't understand the whole seller financing business to obtain. I watched videos, but there is only so much I can watch.

Hoping someone can lead me in the right direction !

1 Vote

Toronto, Ontario

Quote from @Andrew Steffens:

Quote from @Michael Baum:

Hey @Daniel Dass. So all you really need is right here on Biggerpockets.

I don't believe that these courses are worth much. My 2 cents on that.

Just start reading everything in the forum. Ask questions. Contact folks in the area you are interested in. Like @Andrew Steffens in the Tampa area or @January Johnson in the panhandle.

I do agree that getting Avery Carl's book is a good idea - https://www.amazon.com/Short-Term-Rental-Long-Term-Wealth-Pr...

Great info in there and it will help get you started. Then ask questions here as you further refine your research.

Thanks Michael!

Daniel - I will send you a DM, it would be my pleasure to answer any questions or assist with anything Tampa related. Best of luck!

Awesome ! I look forward in hearing from you !

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Quote from @Erica Calella:

Courses are great if you are looking for high-level "paper experience," but the best way to learn is to jump right in. Start with a small plan and work from there. You can buy lots of affordable books online (Short-Term Rental, Long-Term Growth is a good one to start with) and I would also recommend subscribing to podcasts, publications etc. Even a media outlet like The Wall Street Journal to keep up with market trends and other macro factors affecting real estate.

Awesome ! Thank you for the guidance. Definitely will purchase the book !

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Hello All,

I am new to the forum -

I have been contacting some people about STR courses, such as BNB inner circle, STR wealth academy.

I am torn about taking a 2-4K course of these. I've never done a course, but I always had trust issues on these type of things.

I am Canadian, I live in Toronto. I own 1 Single family LT rental that is struggling to cash flow in a small town (bought in 2021) - so no equity right now. Cannot sell right now either,

I am pivoting my research in the Florida market to invest and potentially purchase a property for STR in 2025 and I had a few conversations with mortgage brokers to get some insights.

As cash is low to even invest in another property in Canada - would courses be a viable option to learn Air BNB arbitrage or STR to potentially earn side income ?

Thanks for any feedback !

Torn on success.

1 Vote

Hello all,

I am new to the forum.

what are thoughts on Air BNB Arbitrage ? I seen some courses - starting at 2k..

I am in Canada, looking to invest in Florida. Should I hire an interior designer to stage the home and air bnb the property that I invest in and hand it off to a property manager to mange the air bnb ? Any connections of PM or Interior designers in Florida ?

looking for some guidance !

Thanks !

0 Votes

Austin, Texas

All Forum Posts by: Daniel Dass

Daniel Dass has started 3 posts and replied 7 times.

Post: Seeing Real Estate Agent and Lender in Edmonton Alberta

Post: How to start STR in the States.

Post: Seller Financing help

Post: How to start STR in the States.

Post: How to start STR in the States.

Post: How to start STR in the States.

Post: Airbnb arbitrage. Do you allow it? What’s You’re experience and opinion?