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30 July 2024 | 9 replies
Some property management companies offer a 0% property management fee in the first year as a way to attract clients.
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30 July 2024 | 30 replies
It's in a place that's hard to see, with the front of the box turned so the markings are not visible, so it won't attract attention.
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29 July 2024 | 13 replies
Even when they are occupied, guests are often away at attractions, with the house being more of a sleepover post than something they are living in.
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28 July 2024 | 6 replies
Marketing is key and also leaving some meat on the bone for another investor helps sell it (unless it's fully turn key, which can be attractive for a 1031 exchange specifically).
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28 July 2024 | 25 replies
In our opinion, many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.
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28 July 2024 | 14 replies
Make the offer very attractive and chat with a bunch of lenders until you find one that speaks investment properties.
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31 July 2024 | 18 replies
I do get the attraction though from folks who think they can make big money quick..
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29 July 2024 | 0 replies
With its proximity to NYC, numerous public transportation options, and overall vibe and attraction, it is no wonder why the popularity has been reflected in the buy-and-hold rental market.
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29 July 2024 | 12 replies
We are trying to attract more investors that are active and willing to share experience and knowledge, but it is a challenge.
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29 July 2024 | 37 replies
And while it might not be attractive to all real estate investors, I believe it can be a fantastic way to start to build experience, build profit/cash flow and establish yourself as a STR professional in your market and then use that to build a co-hosting/management business and work with investors that want to you use their knowledge and expertise to partner on projects.Point is, don't believe everything everyone says about what is "bad" and what is "good".