All Forum Posts by: Justin Rademacher

@Jeffrey Hunter This most certainly can be done. The important part here will be to find an investor focused agent first. Find an agent in the market you want to be in and make sure they specialize in investments. Once you find them, they should have contacts in the areas you are looking for. If they don't, they more than likely are not investor focused agents. Once you get a good agent, you will want to find a fantastic property manager. They will be worth their weight in gold. A good investor agent will have this already lined up. 

I have a great questionnaire for interviewing agents that I can send you if you want to DM me our email I certainly can send it out. 

Very insightful and helpful information. Thanks for sharing!

even if clients do not use it, the fact that you can advertise it sleeping two additional people is well worth the investment.

This is a great question!

Mid term rentals can be a little tricky. Ideally you do want to be near a hospital for the traveling nurse option however, down in SW Florida there is a different opportunity. 

With the recent hurricane, there are trades people from all over the country down here helping with the relief effort and rebuilding. In some locations you are allowed to rent by the room as well. This allows for better cash flows and returns. Having more than 1 target market can be a huge opportunity. I would look for areas that have more target market potential. 

There are numerous STRs in Cape Coral that do not have canal access and do very well. I have helped a few investors acquire STRs in this market thus far. If you are not on the canal, the pool is an absolute must in order to maximize rents. Another great tip would be to have an alexa out by the pool as well. Its very small investment for a big return on guest experiences. You may want to also have bikes etc for renters to use and provide a list of great things to do in the area. 

I get asked this question quite frequently. Through my experience with helping investors from around the country, here are 3 things to look for:

1. It is absolutely crucial to determine what type of investment opportunity you are looking to get into (str, mtr, commercial)? Once you figure that out, then you will want to start looking for areas that support that type of investment. Example, If I wanted to invest in STRs...I would probably look in areas where those are more common i.e Florida, Arizona etc. If I was looking for long term rentals, the Midwest may be a better option to take a look at. 

2. Find areas where there is development. My wife and I recently just bought a home in Cape Coral, we specifically were looking for homes that were in areas that had quite a bit of development in the surrounding area. On the block we purchased, there are 7 homes currently being built on that 1 block. Looking for development in the area will significantly increase future appreciation. 

3. Look for less saturated markets. When the area you are looking for is less saturated, there will be more opportunity. Naples FL is a very saturated market for the STRs, however certain areas of Cape Coral are a lot less saturated and provide plenty of opportunities. 

What other things do you look for when looking for good locations to invest in?

I would love to help. What kind of questions do you have regarding the process? 

Are you open to the SW Florida market? I certainly could send you some deal to see if they make any sense for you and your investment goals?

I would love to connect and see how I can add value! I will send you a connection request. 

from a ltr perspective, the midwest is a really hot market for sure. Minnesota is a great LTR and MTR market depending on where you are. SW Florida Cape Coral area is definitely an area I would look at too.