All Forum Posts by: Yu Liu

There's something called co-hosting that you can do. Basically the income goes to the owner first and then they pay you a percentage of that gross income

Most of this is having a relationship with the decision makers in the company and offering them a place to stay as quickly as possible. 

I've had a lot of MTR leads from these companies and they will get booked quick so you have to be quick in regards to communication.

To even get the lead, yes great pictures, furnished and meets the criteria that they are looking for will help

I still suggest you look further into getting 0% business credit cards. You can apply to them as a sole proprietor and do not need an LLC. There's a lot of good options for those and it's 0% for 12 months especially chase ink cards

My favorites are the chase ink business cards (ink cash, ink unlimited and ink premier) they all have a great sign up offer and 12 month 0% interest which is amazing in this environment since you can put it into a money market or high yield saving account and making 5% on the money you would be paying.

Would love to dm you my referral link if you decide to get any of those! 

@Benjamin Sulka has some great points. 

You want to reduce your housing expenses as much as possible and not necessarily get cash flow since it is very difficult in this environment. Most of the times you do need to sacrifice that convenience of having privacy and a place to yourself in order to get the cash flow numbers that you want.

Another thing to note, generally (not always), multifamily (2-4 units) are not in the best areas because they're meant to be lower priced rentals for people, so just expect that when looking for it. 

If you want to find the best deals where you can double dip (have cashflow and be in a possibly good area) than you might need to look off market.

How I see it is you can have one of the three:

- convenience

- cash flow

- equity

If you want cash flow and good area, you need to put in a ton of hard work to find that property (mainly off market). If you want to do no work, then you're sacrificing on cash flow typically and equity. And if you want to have a property with equity, you're sacrificing the convenience (probably have to fix it up) and not have cash flow for a bit either.

Agree with what everyone is saying here. Ideally a live in flip that you can house hack, something  that you can drive up in equity and then rent out per room to make some cash flow. 

On top of that, adding furniture to those rooms and doing MTR rooms will increase that even more but does require more work. But the combination of all these strategies will help. 

Avoid bad areas if you can as the headache from lower quality tenants is not worth an extra $100-$200 in cash flow.

I agree with both @Mark Williams and @Patricia Steiner above

Cons: costs, time, doesnt teach about investing

Pros: you can buy your own deals, access to MLS

If your main focus is to be an investor, I do not think getting your license is truly worth it. From my experience and as someone who got a real estate license, the real estate course does not teach you much about investing. I learned far more from doing the investing than the course.

Hey Tyler, I'm an agent and investor in Tallahassee but I unfortunately do not serve that area as a full time agent anymore. I can refer you some agents that I have personally worked with and can recommend. Send me a message so I can give you more details!

@Marc Massicotte ask a couple realtors in the area to comp a property for you and take the average. Ideally they're all very close

Sure, message me