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7 July 2024 | 9 replies
- Know the property numbers: I would recommend AirDNA (paid version) + enemy method to factor income then back out all expenses properly- Know yourself: Why do you want an STR?
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5 July 2024 | 2 replies
Building your team/networking is crucial but it is important to know what type of method(s) you are interested in pursuing (flip, BRRRR, str/ltr, etc).
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12 July 2024 | 281 replies
Oh God, too precious.We moved her into a different vacant apartment, and she convinced the owner to buy her a new carpet, because the old one was supposedly ruined by dry plaster dust.
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5 July 2024 | 8 replies
If so, by what method would I do so?
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10 July 2024 | 112 replies
Then you want to take the cash from the stabler assets and roll that back into another high ROI method.
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4 July 2024 | 24 replies
Hi Justin.Nice to meet you here We are also investor in the high desert, we have been doing the house hack method so far 3 sfh in Hesperia and apple valley.
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6 July 2024 | 8 replies
I believe that successfully navigating this initial investment will pave the way for future opportunities, whether in the same market or elsewhere.Living in New York City, I faced a challenging market ;)I chose Montgomery, Alabama.Here's my process:I compiled a list of states with favorable landlord laws.Using Brightinvestor, I identified cities within those states where the median home price falls below the national average ($420k).I excluded cities with negative income growth and rising unemployment rates.I focused on cities with strong appreciation rates over the past five years (over 10%).I compared price-to-rent ratios.I did break two rules: Montgomery has a slight decline in population, and its largest employers are an Air Force base and government agencies.One significant factor that influenced my decision was the promising price-to-rent ratio, suggesting potential for positive cash flow (though I remain cautious about appreciation).Regarding my acquisition strategy:I plan to employ the BRRR method with cash.
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6 July 2024 | 29 replies
Most successful investors are willing to share their methods.
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5 July 2024 | 19 replies
Here's the list of things I disabled for the Nest in my properties for those doing research:- Home/Away Assist: Off- Time-to-temp: Ready (Didn't touch)- Early-On: Off- Cool to Dry: Off- Sunblock: On - Ready (Didn't touch)- Leaf: Ready (Don't remember touching, but could have been enabled during setup)- Airwave: On - Ready- Lock: Currently off for one property (debating if I want to lock the thermostat at 68 for cooling and 78 for heating - and taking special requests from quests)
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3 July 2024 | 5 replies
Other than that for us, closing is like watching paint dry.