I was cold calling an off market property and the guy laughed at me because I asked if he would take somewhere around an 8 cap (obviously i didnt say this, I gave him a ballpark number) and he shared with me that these properties are trading at 5.3 cap.

If you want to reach out by DM, I’d be happy to share some insight.

Thanks for sharing this.Thanks for your post @Jay Hinrichs.

Rental income and expenses, such as mortgage interest, property taxes, repairs, and depreciation, can be reported on Schedule E of your personal tax return, regardless of ownership structure. 

I’ve had my share of challenging deals too— but the payout made it all worth it.Curious - would you handle the cash-for-keys offer differently next time, or was riding it out the best call?  

@Samuel Diouf, thanks for sharing that article.

Thanks for sharing this question here, it's a great one that I get all the time.

I do not have any stories to share currently but hopefully I can make that change.

Share cropping with a retail farm stand/farmer's market is one, if it's the right kind of land in the right location. 

👋I work with a lot of investors who are diving into short-term rentals, and I wanted to share a few tips I’ve picked up over the years that can really help maximize ROI.