I mainly focus on do ing flips and flip to rent, but I also facilitate STR and MTR in the area too.

Hey Cyprien, I'm a realtor in the Richmond Area and focus on helping others with investment properties as well as buying for myself.

Focus on tenant screening, building a local team, and learning as much as you can, starting early sets you up for long-term success!

@Kyle Carter just because a building has all section 8 tenants doesn’t necessarily mean that the cap rate will be higher on exit but it might attract a buyer(s) that are focused cashflow and not appreciation; therefore a lower price to juice the yield.One of my non negotiables if I were you would be to only buy in an area that is desirable.  

I would also focus on smaller deals, single family to 4 unit starting out, so you can establish some experience.

Let the guys who risk their money help you focus on good areas.4.

So feel free to reach out if there is something I can help you with related to your STR business.Alongside my work in revenue management, I have real estate investments in Canada, focusing primarily on long-term rentals.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

We own a real estate, mortgage, and property management company solely focused on Short Term Rental Investments How did you find this deal and how did you negotiate it?

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