In the real estate market, you must be willing to change your approach to acquisitions.

By and large, MTR residents are coming to work (or for relocation due to flood, fire or wind), and they approach finding housing with their analytical brain, not the emotional one.It's also not uncommon that the person tasked with finding accomodations for the MTR resident isn't going to be staying there at all.

Thoughts on this approach? 

Never done it either, we've been approached to lend by some investors looking to do it.The risk of insurances rates skyrocketing or simply being cut off makes it extremely difficult.You also have to consider rental demand.

This approach reveals more about the tenant’s behavior and reliability beyond simple yes or no answers.Check multiple referencesContact at least two previous landlords for a comprehensive view of the tenant’s rental history.

Hi Nico,Thank you for your post, You mentioned that hiring a few virtual assistants (VAs) to cold call has been effective, and that text messaging is also performing decently,I specialize in identifying and revitalizing unique properties—those that are not typical, for example, I recently spotted a triangle-shaped property that has the potential to be transformed into something beautiful and valuable, either for living or resale, Could you please share your approach and any guidance you might have on the process of using virtual assistants (VAs) to cold call and the text messaging strategies that have been effective for you?

Here’s how you can approach this:Gather Evidence: Start by collecting any evidence that supports your claim.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Many house hackers use this “ladder” approach, building equity and income with each property.A friend of mine started house hacking with a triplex in Phoenix around a decade ago.

The type (and location) matter a lot but as a general trend vacant Land sales have definitely been slowing down as of late.We have dozens of properties at a time up for sale across multiple states and we spend a healthy amount of money on our Dispo advertising.