![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2786302/small_1694559923-avatar-chiemik.jpg?twic=v1/output=image&v=2)
29 October 2024 | 9 replies
Just giving out free stays near yearend will not help in maintaining customer stays.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3138874/small_1729865281-avatar-chantellh3.jpg?twic=v1/output=image&v=2)
27 October 2024 | 3 replies
Someone may have lead generation problems.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3049078/small_1729975670-avatar-brodyv3.jpg?twic=v1/output=image&v=2)
29 October 2024 | 24 replies
A mortgage to buy a primary residence is something you are always paying for.So, I personally would focus on generating wealth and income and then eventually when I reached a certain point I would start to use some of that income for myself personally.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1680612/small_1621514730-avatar-kuriakos.jpg?twic=v1/output=image&v=2)
30 October 2024 | 11 replies
Once i have 10 properties that each generate $1k per month, then I would pay them off as soon as I can.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3126250/small_1727770600-avatar-nicholash379.jpg?twic=v1/output=image&v=2)
29 October 2024 | 23 replies
Give yourself 10 years of doing this if you’re patient enough, and you’ll create generational wealth and can retire early.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2881950/small_1700876004-avatar-patrickg361.jpg?twic=v1/output=image&v=2)
24 October 2024 | 139 replies
In another situation, my customer would buy faucets.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2852007/small_1727561243-avatar-kerli.jpg?twic=v1/output=image&v=2)
27 October 2024 | 8 replies
So I am familiar with soflo.One strategy I am trying to implement is The 4-3-2-1 Strategy:Start with a 4-unit property: Live in one unit, rent out the others to cover your mortgage and expenses.Repeat with 3-unit, 2-unit, and attain your dream home last (1 unit property)After 12 months of living in each property, consider a cash out refinance to use equity for improvements or further investments, if beneficial for you.Build a real estate portfolio of 10 rental units in a 3 year span while generating rental income.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1227324/small_1680275620-avatar-ritas15.jpg?twic=v1/output=image&v=2)
27 October 2024 | 25 replies
Excellent customized spread sheet.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1195162/small_1712333088-avatar-jenniutz.jpg?twic=v1/output=image&v=2)
28 October 2024 | 7 replies
The primary goal is to protect the owner’s investment, maintain property value, and ensure a steady cash flow.Why Property Management MattersMaximizing Income: One of the key goals of property management is to ensure that the property is generating the highest possible return on investment (ROI).
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3132176/small_1728488956-avatar-ryanf641.jpg?twic=v1/output=image&v=2)
28 October 2024 | 14 replies
But here are some really interesting numbers...Ok so this one doesn't look too bad but notice how much more the townhouses and condos dropped in prices over the last downturn.2007 peak to now isn't so good...Before the 2007 run up to now is better, but even then, apartment condos performed the worse (so best case scenario, you have the worse performing asset type, worse case scenario you had a terrible return), and that's assuming you had nothing go wrong with the condo (special assessment etc)But benchmarks don't even tell the whole story, because if you had a specific condo investment, and you tracked it's value overtime, benchmark prices isn't the right approach as it evolves overtime (benchmark price is the price of a typical property generated at each point in time).