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23 January 2025 | 5 replies
Strong rental markets with low vacancy rates are ideal for long-term holds, while areas with high ARV growth are great for flips.
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20 January 2025 | 22 replies
Positives are proximity, low property taxes, no income taxes, no weather events, very low maintenance stucco/tile structures, “young” properties (5-20 years old)
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20 January 2025 | 8 replies
It’s inexpensive to provide but can make a big impact.Comfortable Bedding: Investing in high-quality mattresses, pillows, and linens improves the guest experience and leads to better reviews, which can boost occupancy rates.Smart TV or Streaming Services: Offering Netflix, Hulu, or similar services is a low-cost way to enhance guest entertainment and stay competitive.Fully Stocked Kitchen: A well-equipped kitchen with basic appliances and utensils appeals to families and long-term guests, saving them money on dining out.Dedicated Workspace: If your property caters to remote workers, adding a small desk and ergonomic chair can set your listing apart.Outdoor Spaces: If your property allows, an outdoor seating area, fire pit, or hot tub can significantly increase your nightly rate and attract more bookings.Energy-Efficient Features: Guests appreciate eco-friendly options like LED lighting, smart thermostats, or solar panels, especially in eco-conscious markets.Keyless Entry: A smart lock is a relatively small investment but offers convenience and security, which many guests value.If you’re deciding on amenities to add, it’s always a good idea to research your local market.
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23 January 2025 | 5 replies
@Randall AlanRandy,I have roughly 1+m of funds, that includes open lines of credit.
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15 January 2025 | 8 replies
True re the prior poster, re this helping the seller save their credit, if you buy sub-to you will dramatically raise their FICO since the mortgage will show on-time payments.
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21 January 2025 | 14 replies
You’ve developed a moderately fast wealth accumulation strategy that’s relatively low risk, enabling you to ride out down cycles, negative cash flows, unexpected necessary expenditures, etc.
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25 January 2025 | 6 replies
Avoid leading with a low offer or mentioning how long it’s been listed.
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21 January 2025 | 11 replies
I can do that for you if you are properly prepared with reserves and credit.
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25 January 2025 | 5 replies
Locally my observation is that the need is more for low income young and working vs college student.
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17 January 2025 | 0 replies
The low purchase price was a big part of it.