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6 August 2024 | 0 replies
Assign due dates to those steps and have a system or process in place for tracking your progress whether that be as simple as being written down in your notebook or as complex as having a project management software.
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7 August 2024 | 22 replies
There's probably opportunity everywhere if you look for it and come across the right deal, but I don't hear investors beating down the door trying to get into Stephenville.Three things to look for to be in the path of progress:1.
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6 August 2024 | 1 reply
Overall, this is a popular strategy in the Midwest for converting large old homes into multifamily units.
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6 August 2024 | 3 replies
I don’t think the Airbnb market here is very popular but it seems like there would be enough people that visit the park that would make it worth it.
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5 August 2024 | 14 replies
Ideally, I would like to buy in the Catskills since it’s close by, a popular year round destination from the city and has a history of vacation rentals but I know there’s more and more talks of regulations so I am open to other areas and would love to hear your thoughts/experience on the area.Would love to connect with anyone who has interest in the area and the short term world as well as agents familiar with STR who could help us in our search.
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9 August 2024 | 39 replies
***Self directed IRAs have become very hot among investors with the rise in popularity in alternative investments such as real estate, gold, and cryptocurrency.
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5 August 2024 | 6 replies
It's in a popular year-round tourist destination with a shortage of hotels and heavy restrictions on STRs.
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5 August 2024 | 6 replies
https://www.biggerpockets.com/blog/short-term-rental-loans-a...DSCR Loans: Terms to Know When Working With These Popular Rental Loanhttps://www.biggerpockets.com/blog/dscr-loans-terms-to-knowWhat’s Next For DSCR Loans?
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7 August 2024 | 73 replies
I'm going to unload the gold progressively, the fixed rate debt, and BDCs into mega cap stocks, large cap stocks, and options among both areas.
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5 August 2024 | 21 replies
Sorry to hear this.I would always say that "There is nothing wrong with any property as long as the price is right".Granted, some are not salvageable and the deal doesn't make sense even if the seller paid to me to take it lolOver the past 10 years I have witnessed many investors trying to do the same thing as you.Purchase from afar without buying turnkey and trying to do it themselves.This has been popular especially the last few years.Not many succeed unfortunately or they don't succeed in my eyes as they are into deals for much more than what they should be.There is a big trend going on where folks are made to "feel involved" with the purchase, rehab and property management process.The properties look great and off-course they do as rehabs cost $40,000 - $50,000.It doesn't sound like a lot of money for folks from CA and NY but for our local standards it is and IMO kills the cashflow and is unnecessary overcapitalization.Each to their own I guess.Just had a call the other week with a fellow from CA that bought a few turd properties from a local scam artist and is flying to town to try and rehab them himself.Another fella I managed to save even tho he lost his deposit of $1,000 as the seller (Another known scam artist) made him commit to the deal without allowing an inspection or even a walkthrough...If that isn't a red flag then I don't know what is 🤷♂️Hat's off to you for flying into to town to see the property for yourself.Wishing you much success