Real estate investing can be a great idea for several reasons:Potential for Appreciation: Over time, properties often increase in value, allowing investors to build wealth through appreciation.Passive Income: Rental properties can provide a steady stream of passive income, helping to cover expenses and generate cash flow.Tax Benefits: Real estate investors may benefit from various tax deductions, such as mortgage interest, property taxes, and depreciation.Inflation Hedge: Real estate tends to keep pace with or outpace inflation, making it a good hedge against rising costs.Leverage Opportunities: Investors can use financing to purchase properties, allowing them to control larger assets with less capital upfront.Portfolio Diversification: Real estate adds diversification to an investment portfolio, potentially reducing overall risk.Tangible Asset: Unlike stocks or bonds, real estate is a physical asset that you can see and manage, providing a sense of security.Control Over Investment: Investors can influence property value and income through renovations, management decisions, and property improvements.Building Equity: As you pay down a mortgage, you build equity in the property, which can be accessed later through refinancing or selling.Community Impact: Investing in real estate can contribute to community development and improvement, positively impacting neighborhoods.These factors make real estate investing an appealing option for many people looking to grow their wealth and secure their financial future.It really comes down to investing in a growing market, in a good neighborhood & building a great team to support you.

Consult a Mortgage Broker: Working with a broker who specializes in investment properties can help you find the best financing options and streamline the process.By being well-prepared and informed, you can improve your chances of securing financing for your vacation rental investment.

If you bought down the rate it would take longer for the market to improve enough to make refinancing worth it for you. 

Improving your marketing on Airbnb and expanding to other platforms can help too.For your next move, consider scaling your portfolio by investing in more units or exploring long-term rentals.

I’d appreciate any advice or recommendations to improve this plan!

I have improved units driving rents by 30-40%.

This shift in terminology raises an important question: Is it truly an improvement, or are we witnessing necessary corrections to previously inflated prices?

But yes most other areas of construction have seen improvements, but you can't beat old wood. 

We financed this deal using our typical approach—leveraging Partner Driven's resources and capital, allowing our partner, Rodney Lomax, to focus on property improvements without the stress of upfront financing.

He quoted a 20% fee for managing each successful booking and suggested we improve the staging of the house, which he would oversee for an additional 10% of the total staging costs.