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7 November 2024 | 2 replies
InvestorShort Term Rental HostMid Term Rental HostReal Estate AgentFix & FlipsNew ConstructionThe majority of my focus is south of Lexington in anticipation of a large mega site coming to the area.
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8 November 2024 | 2 replies
Not to mention, they also snipped all of the wiring in the basement of the home running all over the house, so there is also major electrical repairs needed.
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6 November 2024 | 2 replies
A major majority of MHP buyers are multi park owners or PE investors neither of whom are interested in POH trailers let alone SFHs attached to the park.
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6 November 2024 | 8 replies
That's how the majority of homeowners "invest" in real estate.
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7 November 2024 | 0 replies
Its proximity to major attractions, businesses, and vibrant city life ensured strong demand from both tourists and professionals.
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7 November 2024 | 22 replies
I've been on both sides of the scenario (majority POHs, majority TOHs) and I've noticed a difference in management demands.That said, there is MUCH to be said for gaining experience and learning to "rig it right," so it operates with better ease.
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7 November 2024 | 27 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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8 November 2024 | 38 replies
Or I'd find cities near major metros(outskirts) where it's primarily residential living but you'd be the isolated STR--- you truly never know what demand is there like.
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7 November 2024 | 0 replies
Positioned in a high-traffic area with a growing population and major corporations nearby, this property is poised for long-term growth and profit What made you interested in investing in this type of deal?
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7 November 2024 | 0 replies
With Morganton’s growing population, influx of major corporations like Tyson Foods, and frequent visitors traveling to and from the mountains, this property is perfectly positioned for long-term growth and profitability.