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6 November 2024 | 13 replies
Airbnb & Furnished Finder work so differently and I think people often struggle to adjust their expectations when toggling between the two platforms.
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4 November 2024 | 6 replies
Expecting to continue that type of investments and looking at everything real estate (notes, multifamily, cre, rentals, etc...)
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8 November 2024 | 47 replies
I have yet to onboard with them as they are backed up about 1.5 months after you sign up to just do the initial onboarding call, at this rate I am expecting onboarding to take 2-3 months from the time I signed up.
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7 November 2024 | 22 replies
Every goal, decision, expectation, vision and operational decision has to be lock step with each other- and that isn't even discussing the money side of the agreement.
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2 November 2024 | 1 reply
Southern border of the land is Wilson Creek (a large, well established, full time creek with old growth trees)Approx 1 acre of non-recoverable flood zone along length of creekTwo small ponds on the property, which can be filled in to utilizeSmall neighborhood to East of property line with utilities ready and available for project Currently a couple of older homes and barn structures on property (100% liveable and well maintained)Wilmeth Rd is currently expanding down the block to a 4 lane road which connects to Highway 75 in McKinneyLarge developments are underway within a 1/2 mile to 3 miles out radius<4 miles to Costco, ChickFilA, WholeFoods, Cinemark, major hospitalAT&T Fiber and Atmos Gas at front of propertyA water well can be run, if desired, or tap into the city's water (currently on city water and has large main at front of property)A CE firm has drawn up plans for a small, 12 home, 3/4 acres development.
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9 November 2024 | 27 replies
I was focused on capital raising, and none of the coaches had any advice about that.Based on how great the 3 day class was, I expected to find a lot more content.
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6 November 2024 | 17 replies
So, I would absolutely do one to start setting the expectation.
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4 November 2024 | 7 replies
It's going to take longer than you thought and be harder than you expected.
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6 November 2024 | 12 replies
Every property of interest must be evaluated based on current and future performance.Current ConsiderationsTime to rentRenovation Cost & RiskInitial ROI and cash flowPurchase PriceMaintenance costAcceptable area rental restrictionsIn an area that is doing well and likely to do better in the future.In the migration path of urban sprawl.Future ConsiderationsThe location has a track record of appreciation and rent increases.It physically matches the expected demographic changes for the foreseeable future.Buy what your “customer” wants to rent, not what you think is a good property.
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7 November 2024 | 8 replies
These are great for setting expectations and as management tools (especially, if you actually set those amounts aside), but they aren't ACTUAL cashflows (even if you do set them aside).