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11 December 2024 | 68 replies
@Jason Stofer if you don't have a support structure to tap into... the unhappy answer is that there is no short cut.
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10 December 2024 | 11 replies
DT Long Beach: beachy urban setting with smaller units 1bdr; close to tourist attractions, and thinking I can STR one unit; BUT high crime rate (90 percentile); properties are older but more attractiveIs it better to go into a slightly better neighborhood in boring Riverside or a more crime ridden area of cool kid Long Beach?
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5 December 2024 | 11 replies
Rex (Real Estate agents and sellers to optimize listings, attract buyers and close deals efficiently) 5.
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10 December 2024 | 7 replies
Find a realtor that knows the transitioning areas, there are a lot of "not-so-nice" areas in South Bend that would not work for short term rentals, but there are also plenty of great neighborhoods.
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11 December 2024 | 11 replies
Leveraging equity to purchase a short-term rental (STR) in Tampa Bay can diversify your portfolio and potentially generate strong cash flow, but it also increases your financial risk.
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12 December 2024 | 8 replies
I recently financed three new builds in the Jasper area near Big Canoe and I'll be heading up with my family shortly after Christmas for a "tour".
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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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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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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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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.