We had a LOW inflation report today (7/11/24), big win!!

Hi Tanjaree, here is what I found for the Waco metro area:Here are my rankings for zip codes in the metro area from best to worst-1.76706 (Waco) 2.76638 (Crawford) 3.76710 (Waco) 4.76630 (Bruceville) 5.76704 (Waco) 6.76640 (Elm Mott) 7.76708 (Waco) 8.76633 (China Spring) 9.76712 (Woodway) 10.76657 (McGregor) 11.76701 (Waco) 12.76691 (West) 13.76705 (Waco) 14.76655 (Lorena) 15.76643 (Hewitt) 16.76707 (Waco) 17.76711 (Waco) 18.76557 (Moody) 19.76682 (Riesel) 20.76524 (Eddy) 21.76624 (Axtell) 22.76664 (Mart) 23.76654 (Leroy)The Waco Metro also rates slightly above average compared to the rest of the state, making it a fairly safe bet as far as Texas goes. 

Hi Beth, Your best bet is finding a DSCR based lender that has looser guidelines on STRs.

I attended the seminar recently in Pasadena sep/16/2022Of course the rep or speaker was very motivational and did make it seem to become rich in a click of a bottom.. what he aslo said is that people are scared to take chances like this because of lack of education... he mentioned this only Once, But thats all i needed... then he kept going on talking all about the Postive and easy steps and wealth and etc.. at the end i left without paying $300 to become a memeber or attend 3 day class... remember education ... so i went home and educated myself checked everything needed on line.. and there are more cons than pros.. and the big fish eats the small fish.. before buying any lien you have to attend an Auction... was i ready to face those auction people .. no is every lien a winning bid No.. am i getting the best lien no .. big investors wont let you do that.. but this semianr made $300 per person that night ..  

I bet you can guess what happened next.

And lastly College towns are an easy bet since there are three large colleges in the Three biggest cites in CO!

Hello BP,I am fairly new to REI and was wondering if you can wholesale a deal that you win at the courthouse steps?

When buying your first rental property, or any, you probably should not bet on rents going up 4% per year.

It would never appreciate to where it would be worthwhile and great cash flows on paper but not gonna happenI would bet this is common in many of these other urban low priced areas.

The wholesaler probably doesn’t believe the deal will close, just wants a contract from you and sellers failure to sell as agreed so he could establish the lost profit due to seller’s non performance and sue for the $15k differential which is easier to win rather than specific performance.