All Forum Posts by: Hayden Wright

This question has three parts:

1. How long did it take you to acquire your first property after beginning your education phase?

2. What gave you the confidence to pull the trigger?

3. How would you recommend newbies shorten the time between education and deal #1?

These are some of my favorite questions to ask guests we have on our podcast as they usually open up a great discussion. I’m excited to read your responses!

@Nathan G. Thanks Nathan!

I attended an interesting seminar last night that focused on turning small multifamily properties (duplexes - 20 unit buildings) into short term rentals.

They compared the profits of using LTR and STR side by side and of course the STR model blew the LTR out of the water.

Would love to hear the thoughts and opinions on this strategy from those who are doing it currently, have attempted to do it, or who are just interested in the space.

Thanks in advance!

@Steve Vaughan thank you, Steve!

@Matthew Irish-Jones thanks for the response, Matthew! I’ve read a couple books that discuss the importance of this, is there any other way you’d recommend to learn how to properly assess and value properties?

@Mary M. Thank you, Mary!

@Pat L. Great advice. Thanks for the response, Pat!

@Alecia Loveless thats great advice and something I definitely wouldn’t have thought of. Thanks!

@Taylor L. Thanks for the advice Taylor!

As an investor looking for my first multifamily property, I’m curious to hear what knowledge or advice would you have liked to know when you were starting out?