All Forum Posts by: Javier Romero

As a fellow newcomer to real estate investing, I understand the feeling of wanting to make the right investment decisions. To do that, I suggest creating a concrete set of criteria based on your investment goals and risk tolerance. Look for markets and properties that match your criteria and gather as much data as possible about each potential market and investment.

Once you have done that, start creating a deal funnel and pass properties through your funnel. Be ready to engage if all your criteria are met. 

Remember that short-term rentals (STRs) are very different from long-term rentals (LTRs). Although they have a lot of demand and can be profitable, they also come with high property management fees. LTRs, on the other hand, may provide more stability and predictable cash flow.

From what I've gathered the key to successful real estate investing is to remain disciplined, focused, and patient.

We are starting to look at plexes as it first investment. I'm trying to account for insurance in my cashflow calculations. I'm curious to hear how to best plan and budget for this.

What specific measures have you taken to manage and optimize the costs and coverage of insurance policies for your multifamily housing investments, and what advice would you give to fellow investors navigating this complex area of risk management?

I just finished watching the Driving for dollars video. I'm working on determining my criteria and wondering what others currently use. What's your criteria and why?

Also, what's the reasoning for looking for "hoarders"? What's their incentive for wanting to sell?