
12 June 2024 | 46 replies
It takes some time to gain traction as a new rental & it sounds like you will not be able to launch the rental until after prime Summer season, so you will need to be prepared for that as well!

10 June 2024 | 1 reply
Licensable vacation rentals are obviously in high demand and offers can become quite competitive, I don't have any formal statistics but I'd say a quality active or eligible vacation rental sells at least twice as fast as a non STR property, the majority within days..My best advice to investors shopping for a hot or high demand asset class is:- Prepare & Practice: Get your ducks (GO UO!)

9 June 2024 | 1 reply
The prepared me a quote that is low price (That is nice), but I am not sure if I am covering all the bases.

12 June 2024 | 20 replies
If you go after the comps the appraiser used, be prepared to explain why your comps are more appropriate.

11 June 2024 | 116 replies
And no, I have not spent much time on preparing or marketing, it was simply about paying it forward to newer investors in my city, however it provided some interesting insights.

9 June 2024 | 14 replies
I learned how to prepare all my tax returns, and realized it is better done by a professional who can keep up with the changes in tax law.

11 June 2024 | 46 replies
I'm not saying the next light bulb won't be invented (it took 10,000 tries) but plan on a long slog to make it happen in real estate.We and our Joint Venture partners use a fairly sophisticated spreadsheet with a lot of automatically input variables and at the end of the day, it is still experience and second guessing the market that works best.

10 June 2024 | 6 replies
You prepare for the next market cycle in the existing cycle.

9 June 2024 | 2 replies
As I go through this journey I have also decided to educate myself in real estate investment so that I can be best prepared for July 2020, this is the point when I will be debt-free and will be shifting all my energy to actively investing in real estate utilizing the BRRR method.To that end, I have made it a goal to analyze 2 properties per day so I can become familiar with my area and become comfortable analyzing properties...and that is where my issue is.

9 June 2024 | 4 replies
There's lots to do and learn so be prepared for that.