STRs need to be viewed from a 365 day lens so if the numbers work well then, you still can be successful.

It’s a new year! Have you taken the time to sit down and reflect on last year and how you did compared to the goals you set for yourself in 2024? Have you set new goals for 2025? Each year, I like to take time to refl...

: A 1031 Exchange can defer a significant amount of capital gains tax, so it’s often worth it for high-value transactions.

I invest in Boise, ID and do quite a few BRRRRs, LTRs and STRs- varying degrees of success depending on how much equity we can force and the type of back end financing we can find, but the tax benefits are great and it's a rapidly growing market and Idaho is probably the most landlord friendly state in the nation. 

Tenants are more likely to trust landlords who demonstrate a commitment to fairness and legal standards, leading to better occupancy rates and long-term success.Adapting to regulatory changes is an essential part of being a successful real estate investor.

An agent told me that 9/10 transactions they handle are cash and not financed - so i think in this particular submarket going in with financing really weakens you.  

No offense, but hire a PMC because:1) You hate the process of placing tenants.2) You didn't do a very good job of screening the current ones.Sometimes we have to get out of our own way to find success!

They love the nostalgia of it and wouldn't consider replacing such an important and historical thing.There is no script that will lead you to success in this, but friendly and collaborative will help.

It's really important that you work with an experienced loan officer or broker, especially on a time sensitive purchase transaction.

I have done it successfully on my last 2 buildouts, maybe 3, but only because I was able to acquire the properties at a very low price and I did all the work in-house (myself and some hired hands on staff).