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10 December 2024 | 12 replies
It all comes down to picking the right areas that work well with your personality and attract the type of clientele you feel comfortable working with.
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14 December 2024 | 6 replies
Live in one unit and rent out the others to cover your mortgage.Seller Financing: Negotiate terms with the property seller where they act as the lender, often requiring a smaller down payment and bypassing traditional underwriting.Partnerships or Joint Ventures: Partner with an investor who provides the capital in exchange for a share of the property’s equity or income.Lease Options: Use a rent-to-own agreement, which allows you to control the property while saving for a formal purchase.BRRRR Method (Buy, Rehab, Rent, Refinance, Repeat): Acquire a distressed property with short-term financing, rehab it to increase value, rent it out, and refinance to recoup your initial investment.Pro TipStay in close communication with your lender as you approach your next purchase.
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15 December 2024 | 15 replies
Quote from @Collin Hays: I don't manage short-term any more, but can't you include this in a written rental agreement that the guest signs at the time of booking?
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13 December 2024 | 7 replies
Nobody wants a unit to sit vacant, but if you make your decisions based on fears like that they are more likely to be short sighted and make the situation worse.
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11 December 2024 | 5 replies
Quote from @Monish Anand: I'm a fan of the low prices and my plan is to STR since I currently run a short term rental business.
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4 December 2024 | 7 replies
I’m still learning about the process but a Construction-to-Permanent looks attractive if owner-occupied terms could apply.
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17 December 2024 | 16 replies
It feels like DSCR lenders are catering to BRRRR investors more now than ever with short seasoning guidelines, air tight DSCR requirements (1.0), etc.
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10 December 2024 | 16 replies
The city's economic development initiatives have been attracting businesses and professionals, creating opportunities for real estate investment.
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11 December 2024 | 8 replies
Investing in a short-term rental in Red River Gorge sounds exciting!
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10 December 2024 | 9 replies
Welcome to the forum @Chris Primavera.Seeing as you are brand new today, it would be good for you to search on the forum for those areas and read everything there is about those markets.Grab @Avery Carls book Short Term Rentals Long Term Wealth and read it. https://store.biggerpockets.com/products/short-term-rental-l...It is chock full of info that you need.