All Forum Posts by: Jake Fleming

Thank you for all the support and helpful information!

@Julio Gonzalez Thank you very much!

@Rick Albert You are correct anywhere can work, but most areas are seasonal or temporary. We focus on year round areas that have high traffic for pleasure and business. So we don't struggle for a few a months instead continuously see profit. Think of Nashville, Vegas, Miami, Orlando Disney, Anaheim Disney. Unfortunately with new regulations it has become harder in the higher foot traffic cities so MTR is a way to go being that it is still popular in business, nursing, relocations, etc. We also want to look into MFU for certain demographic and locations that we know profitability is a given. We have it all laid out, its just a matter of funds.

@Michael Smythe Thank you for the advice, I will look into it!

I am a beginner at all this, but am not unfamiliar with finding, calculating, and investing. I am no where near a credited investor yet, but I understand the in's and out's of property management, business deals, transactions, and core understanding of how to find the right deals. I invest in STR and I am currently switching over to Mid-Term Rentals. I want to purchase properties all over the U.S. in specific areas that my wife and I calculate and predict high returns on with multi family units, apartments, duplexes, etc. We don't have funding, but are trying to build and save for this. We know there are investors out there that want to put money into ideas that we have, but we don't know where to look. We are hoping by joining BiggerPockets we can get help from like-minded persons and communicate for help. I hope to meet amazing people here!

Investment Info:

Single-family residence other investment.

Purchase price: $846,000
Cash invested: $860,000

STR - MID TERM RENTAL

What made you interested in investing in this type of deal?

We saw the potential in STR and understood location placement to maximize yearly profits.

How did you find this deal and how did you negotiate it?

Just found it on Zillow and worked with the agent representing the sellers.

How did you finance this deal?

Purchased all cash

How did you add value to the deal?

Kept in its antique 1960s interior and displayed classic Disney designs for travelers looking to stay for Disneyland