Nightly rates: Yes, but the benchmarks should also be lower.Year 2 turnaround: What strategies could we implement to project a higher ROI in our second year?

As I approach my move out strategy where I will be converting my upper unit into a STR, I often think of guest interaction amongst the two units.

This is going to vary widely depending on the strategy and real estate asset class.

Leveraging equity does involve some risk, so it's important to have a sound strategy to avoid overextending yourself.

I used this strategy last year on a rental property purchase.

It’s clear that there’s an incredible wealth of knowledge and experience here, and I’m excited to continue learning and growing with this community.I’m looking to connect with members who are open to mentoring or collaborating on real estate deals, particularly in buy-and-hold strategies for single-family or multi-family properties.

@Tanner Davis If you want to pursue either a fix/flip or BRRRR strategy, it sounds like you might need to find a partner/investor that knows you well and believes enough in you as a person to invest money in a project. 

There are so many great strategies to help you scale your portfolio, so I understand your desire to find the right plan and avoid mistakes.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

Want to dive deeper into multi-state tax strategies for your portfolio?