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1 January 2025 | 12 replies
Pay the bill yourself, then reimburse yourself by charging the tenants based on a formula.
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9 January 2025 | 0 replies
Price RangeDefine your financial boundaries based on available capital and borrowing ability:For Class A & B, financing typically covers 75%-80% of the purchase price, allowing you to buy properties in the $6M-$12M range if you have $2.3M total cash.For Class C & D, due to higher risk, the price range might be reduced to $5M-$10M with the same cash.5.
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29 December 2024 | 2 replies
If you can make some relationships prior to that with agents in the area who do what you want to, you can find yourself on a team or at a strong brokerage that matches what you want to do.
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10 January 2025 | 12 replies
while i do think it's valuable to analyze properties, it's really difficult to underwrite based on photos.
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26 December 2024 | 9 replies
So it serves multiple purposes and I would strongly encourage it
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6 January 2025 | 14 replies
Investment also spiked in Class A Short-Term Rentals (STR) and investors started paying higher and higher prices based upon anticipated STR rental rates, that exceeded sustainability based upon Long-Term Rental rates (LTR).
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19 January 2025 | 354 replies
Don,Just curious why you think a company based in Las Vegas would be a warning sign ???
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23 January 2025 | 23 replies
I would suggest coming to some investing meet ups and just start talking to others and form a plan based off of that.
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23 January 2025 | 9 replies
And a monster referral base..
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20 January 2025 | 8 replies
For instance:If your area has many corporate offices or conference centers, you're likely to attract business travelers.Family-friendly suburbs with parks and schools often attract families.Downtown locations near nightlife are popular for groups and parties.Review Competitor ListingsSearch for successful Airbnb listings in your area and study their target audience based on:The language in their descriptions.Their reviews (guests often reveal the purpose of their stay).The amenities they offer (e.g., desks and Wi-Fi for professionals, cribs and baby gates for families).Evaluate Your Own SpaceYour property’s layout, amenities, and location may naturally cater to a specific audience.A cozy 1-bedroom apartment downtown might be ideal for professionals or couples.A 3-bedroom house with a yard might appeal more to families.Proximity to nightlife might cater to party groups.Experiment and AdjustIf you're unsure, start broad and monitor who books your property.