All Forum Posts by: Leslie Chukwuleta

 I'm an investor and property manager who is extremely knowledgeable about the Garland area. I was wondering how the midterm strategy worked out? What part of Garland is the property? Firewheel or a house off First and Miller are like 2 different planets. If you ever need any advice on the Garland market, feel free to ask! 

Does it cashflow as an LTR? If your ultimate goal is to buy and hold long term I think it would make sense to pursue that strategy and try and make it work. Unless the numbers are really off it likely should be feasible 

Welcome, Leslie! Flipping houses in the current real estate climate with higher interest rates impacting long-term rentals offers exciting possibilities.Given the strong seller's market in the Dallas-Fort Worth metroplex, including Garland, selling your flipped property could yield a quick turnaround and potentially higher profits. However, the rising popularity of mid-term rentals, lasting 3-12 months, is also noteworthy. While it provides a steady income stream and potential appreciation, it demands active management, thorough tenant screening, and may involve higher vacancy risks compared to traditional leases. To make an informed decision, research the mid-term rental landscape in Garland, considering average rental rates, vacancy rates, and competitor offerings.

@Leslie Chukwuleta

Congrats on the first big step. You did the hardest thing, which is simply buying that first one.

I may be biased (no, I'm definitely biased) but @Erin Spradlin is kind of what you're looking for in terms of hand-holding. Reach out to her to see if that would be helpful.

About how MTRs are in Garland ... I don't know the Dallas market, but it seems that midterm rentals do well in the Denver suburbs here in Colorado. But really it's about knowing the right furnishings, photos and listing description/headline to best position yourself.

@Leslie Chukwuleta - I just DM'd you, but to answer your question: yes. I work with a consulting clients throughout the United States with their midterm rentals, rent by the room and buy and holds. The goal for our work is to get your rental set up on a platform, vet your first tenant and then get the tenant secured before you are independent. Basically, it is hand holding for your first tenant and property experience. 
Likewise, we also talk to a lot of clients about which model makes the most sense. Most of my clients do midterm rentals, but it isn't always right for everyone. Sometimes having someone play devil's advocate is also useful. Please reach out if you want to discuss more. Thanks!