I put my money where it’s going to perform best, either in real estate or my brokerage account in the form of an S&P 500 index fund.

Hey @Zach Rumfield, well you are in the right forum as all of us here operate some kind of STR on both VRBO and AirBNB along with other sites!

I used these sites to find properties for sale, current rents, as and look over previously sold properties.Step 5 (leads): Immediately I realized that going about finding a deal through Zillow was nearly impossible and that brokers are not incredibly willing to spend time handing off deals to a newbie.

To recap: Be extremely cautious with flat fee MLS sites that only refer business to other agents.Bonus PointsYou should also consider the ease of use of the flat fee MLS listing provider, for example, can you complete everything online?

Adding amenities like power, water, and a barn or pavilion could increase its value as an event space.Farm-to-Table Experiences: If agriculture is possible, create an on-site farm-to-table business where people can visit, harvest, and eat fresh produce.

Hey Justine,You can indeed perform a cost segregation study on a property that is currently your primary residence and is being converted into a rental.

One of the things many say is that you must intend to perform on a purchase agreement or it could be fraud which is BS.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

I even tell them to reach out to me if they have questions, knowing only a few will actually follow through.And that’s what sets high performers apart from the rest: taking action when most people hold back.If you’re just starting out, remember, one conversation could change everything.

I generally look for the areas of a market that have a large amount of available rentals on sites like Zillow or Redfin that are closer in dollar amount to the FMRs for that county.