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16 December 2024 | 23 replies
then manage them remotely.you also noted you want an STR, which is going to shrink the inventory that is viable for you and also increase the amount of competition you have.you may want to read these threads:https://www.biggerpockets.com/forums/12/topics/1215726-break...https://www.biggerpockets.com/forums/48/topics/1159104-overl...https://www.biggerpockets.com/forums/963/topics/1195280-expe...https://www.biggerpockets.com/forums/48/topics/1160450-run-i...https://www.biggerpockets.com/forums/48/topics/1137397-balti...i invest in Pittsburgh, and I would tell you: DON'T invest in Pittsburgh unless you're willing to come here in person and build your network.
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15 December 2024 | 5 replies
You will likely need to sit on the unit for a long time or reduce initial rent below the market for that unit to rent during the Winter. account for this by either offering a Winter special that will increase to market in the Spring or doing a short lease that ends in the Summer.
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23 December 2024 | 12 replies
As a result, you might end up increasing your taxes by delaying income and accelerating deductions.Did I miss something?
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14 December 2024 | 4 replies
Anything smaller may not attract larger investors or offer the economies of scale needed for profitability.Design Style: BTR developments often consist of attached townhomes, usually with features like garages and a more upscale design to appeal to renters looking for something between an apartment and a single-family home.Location Factors: The success of your development depends heavily on location.
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17 December 2024 | 36 replies
There are some locations to stay away from but almost every single sub market of KC has value and increasing rents.
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16 December 2024 | 3 replies
If JC is a must, that's fine you'll do well with appreciation and rent increasing depending on the market with in city.
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19 December 2024 | 82 replies
This time, I would consider increasing your risk a bit now that you have the first one out of the way.
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13 December 2024 | 6 replies
Owner financing is an option for sure especially with such an attractive rate.
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20 December 2024 | 10 replies
If an asset is throwing off a certain yield that is not commiserate with it's risk, then investors will then begin paying more for that asset, thus decreasing it's yield....or start paying less for the asset which would increase it's yield, until it was at the proper risk/return rate to produce the yield that is truly reflective of it's risk.The problem is novice real estate investors get the risk/reward correlation backwards.
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29 December 2024 | 253 replies
But wondered if you were able to flip some houses during your run so that you could buy down the houses you have today and increase your cash flow to allow you to quit.Some great stuff.