Hey Joanne, you’re definitely onto something with room rentals.. it can be an excellent strategy for offsetting a hefty mortgage and, in some cases, bringing in higher total rent than a single lease.

The unit consists of two beds, one office and one bathroom.

Hey Jack, There are two types of loans investors use in their BRRRR strategy. 1.

I'm indifferent towards the strategy but would be open if approached. 

Your knowledge in construction, design, and different strategies will be a big help to the community.

Investing in out-of-state properties can be a great strategy if approached thoughtfully.

However, the best strategy is to prioritize strong fundamentals over proximity.

In the end my portfolio is very small compared to most, so focusing on this strategy has worked for me, but might not work for everyone.

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.

It applies to STR in the same way.Is anyone here adjusting their investment strategy because of this?