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12 January 2025 | 8 replies
Many of my customers who are traveling nurses buy condos or townhomes in Florida as vacation homes, then rent them out when they're not in town.This system has proven to be very lucrative, as it allows them to service the mortgage debt and generate a good cash flow.
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15 January 2025 | 18 replies
Examples might include areas in the Midwest, Southeast, or Sunbelt regions.Multifamily Properties: Consider duplexes, triplexes, or small apartment buildings to increase unit count and spread risk across multiple tenants.Short-Term Rentals: If you’re comfortable with the management requirements, STRs in vacation or business travel markets can offer significantly higher cash flow potential than traditional rentals.Value-Add Properties: Look for opportunities to buy undervalued properties where you can force appreciation through renovations or better management.Decision FrameworkRun the Numbers: Compare the projected cash flow, equity growth, and tax implications of selling versus holding with a refinance or HELOC.
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12 January 2025 | 13 replies
I am on vacation so I am a bit behind.
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3 January 2025 | 2 replies
I also got a written and signed agreement from tenant that is notarized for him to vacate on or before 2 weeks deadline after closing.
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1 January 2025 | 7 replies
But if you have a cash buyer who is specifically looking for income property, and even more specifically a vacation rental property, I firmly believe that there is a value add from having a working STR there.
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2 January 2025 | 7 replies
Airbnb already became a synonymous for family vacation.
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18 January 2025 | 16 replies
Also this is in West Palm Beach targeted for families on vacation.
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1 February 2025 | 51 replies
Hopefully your one side will vacate properly and clean.
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5 February 2025 | 205 replies
Cruising Right Along - Awaiting Sheathing Inspection.