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13 January 2025 | 30 replies
Let's assume that the neighborhood is a C class and the median income of the city is greater than 3X of the market rent.Here are some of the considerations I've come up with so far:- Units are in need of renovation and capex is too high or not available- Unit quality is not the same as market - Seller is worried about losing tenants due to increase- Vacancy rates are high or filling units have been difficult- Rent increase would take multiple increases over multiple lease periods to get to market rate if seller is trying to retain the same tenant- Seller inherited property and just want to liquidate- Seller needs to liquidate quickly (financial burden, sickness, quick exit from land-lording)It seems like I might be missing a warning sign about a deal if they are selling with current rents that are under market; but again, this seems to be most of the properties I've underwritten.And in the same vein, what should I be worried about when purchasing a deal with under market rent with the intention of raising them after purchase.
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13 January 2025 | 4 replies
These leads were very unresponsive and may pan out over a longer period of time but the time involved is just not worth the effort.
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12 January 2025 | 8 replies
Properties in or near these cultural zones can be prime for short-term rentals or Airbnb.3.
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15 January 2025 | 2 replies
As a investment property lender we saw a lot of success with flips but an even bigger jump in BRRRR success with borrowers holding as long term and short term rentals.
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4 January 2025 | 1 reply
Long term play would be to either use it as a short term rental or 1031 exchange it after 2+ years.
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1 February 2025 | 51 replies
Therefore, if you look at history, real estate has continuously performed in an upwards fashion while, like any other investment, has experienced short lived corrections from time to time.
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17 February 2025 | 61 replies
To make this short and sweet investor “mind-like” agents are rare, in the residential sector, commercial is a different ballgame but for a regular local agent it’s rare to find one.
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16 January 2025 | 12 replies
Our first accepted offer was a 320 unit deal that we contracted, put up non-refundable (yeah, I know) earnest money, and thought we had our financing and money in place to do the deal. 2 weeks before closing a major (several million) partner pulled out leaving us short of the funds needed to close.
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11 January 2025 | 4 replies
These are top drive-to destinations for much of the Southeast, so short-term rentals here can generate solid cash flow, especially during peak seasons.The area is also seeing steady growth, with more infrastructure and amenities being added to support visitors and new residents.
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19 January 2025 | 55 replies
Short story, landlords tend to run away from QB, not towards it.You might give other software designed for landlords a try before moving back to QB.