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1 July 2024 | 9 replies
Almost 100% it is because of one of two reasons: either the door gets broken and the tenant tosses it out rather than letting us know, or they take them off so they can use the closet without the doors (such as a nook office) and then put the door somewhere where it gets ruined (outside is popular, in the rain) or gets nabbed by hobos cruising neighborhoods looking for things to steal.
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2 July 2024 | 7 replies
Good stuff - you are pretty spot on - technically people max out under conventional loans at 10 - but oftentimes its with fewer properties as people run into hurdles before hitting 10, some of which you mention - wanting to diversify strategies, multifamilies, needing LLCs etc.I think you are on the right track for DSCR Loans - I always say that DSCR is really perfect for people in the 5-50 property range - typically conventional is the best fit with your first few, and then when ready to make the "jump" to scaling bigger and faster - DSCR is the best bet.
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2 July 2024 | 14 replies
Additionally, you might consider properties in popular rental areas where larger homes are in demand.3.
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1 July 2024 | 10 replies
Put it on the most popular websites like Zillow, Zumper, apartments.com, facebook, etc.
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1 July 2024 | 4 replies
There are obviously a lot more factors that go into it - real estate is always going to be a mix of the tangible property/market itself with a mix with the investor/operator including experience, risk appetite, financial situation etc.I would say however if you are just getting started in real estate - LTRs are probably (in a vacuum) the better bet as STRs are certainly more sophisticated and challenging from an investor perspective
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1 July 2024 | 8 replies
But... if it is, I think your best bet to find the type of syndicator you've described is... offline, and over a period of months or years.
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1 July 2024 | 7 replies
Next up is inventory, tech job losses and property taxes.My bet is that as rates go down buyers will jump back in the market in a big way.
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1 July 2024 | 2 replies
I won't say you will never make the same mistake again but I'd bet money on any of your next deals you don't make this mistake again.
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1 July 2024 | 8 replies
This could make your ADR less competitive, but if marketed correctly I'm betting that people might perceive more value, which keeps occupancy at least the same.I'm thinking of a model where you tell guests they have "add-ons included" like grocery delivery, prepared breakfast package, attraction tickets, inner tubes, etc.
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30 June 2024 | 5 replies
We have a half done rehab in north lawndale and already seeing new highs for the 2 unit comps, it seems the fastest growth is 2 units in areas that become more popular for owner occupants huge equity to be made. 3/4s cashflow more and more but not seen the % appreciation of 2s and houses.