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10 January 2025 | 12 replies
You want to focus on markets that work with your plan and also where you have a personal connection with someone, even if you build that on the internet.
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7 January 2025 | 13 replies
In some places there are a few days grace period to allow for rent that is sent via mail (which I don't get because if it is due on the 1st, plan ahead).
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7 January 2025 | 2 replies
So my plan is to house hack for few months and then move out so that it can generate some cash flow..
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5 January 2025 | 2 replies
I plan to BRRRR this property to pay off the seller and get my money out and was wondering if you anyone has any suggestions on banks that can do refinances for mobile homes.
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5 January 2025 | 8 replies
You’ll want to get really familiar with local zoning laws, short-term rental rules, and landlord-tenant laws as they vary by town if you plan on going the STR route.Focus on Cash Flow Early On: You might be tempted to go for something that appreciates quickly, but in the early stages, it’s important to find properties that bring in cash flow.
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10 January 2025 | 13 replies
You need to minimize upfront expenses because 100% of your investment is at risk and lost if the lot is not buildable.My favorite strategy is to locate the property and tie it up for usually no more than $100 for a period of 8-12 months, analyze it myself and if I believe it to have a chance at being buildable I create a permitting plan and market the property to other investors/builders willing to take on the permitting risk.
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27 January 2025 | 56 replies
Overall I think nationwide it’s getting very tough to get into the STR space and make money and the fact that a municipality can tank your business at any time calls for a strong back up plan from the start!
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9 January 2025 | 8 replies
For example, I stay 99% occupied with my MTRs - the only vacancies are planned vacancies when I need a couple of days for a turnover.
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12 January 2025 | 54 replies
Roads, water/sewer, city services, heck even just the planning for such is not a simplistic thing for all.
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6 January 2025 | 13 replies
Ofcourse I am planning to consult a lawyer first.