Been around for quite some time and have made runs trying to acquire a SS facility and also considered developing in the past but now feel like its time.

Thinking back, had I refi at 10.5%, I probably had to do it again when rates dropped to 7.5%, doubling my overall refinance cost.The other lesson I learned is develop good banking relations.

My husband and I started out holding properties in our own name, and later developed an LLC structure (which also moved to a new structure later on).  

@James Rowe I’m currently working with a STR developer.

Social media marketing: Develop an Instagram strategy to showcase your property.

In one case I game them a percentage based rent for a year as well (covid), then reverted back to the fixed lease afterwards. 

With the median time to contract stretching from 21 to 32 days, it’s about playing the long game.

You have to remember that you are new, you are unlikely to uncover something new about your market right now so that pocket of homes might have potential being close to development, but other investors are already on or off it for a reason.

Material Participation in a Real Estate Trade or Business.This is pretty straightforward but you must materially participate in a real property trade or business, such as development, redevelopment, construction, reconstruction, acquisition, conversion, rental, operation, management, leasing, or brokerage.2.

Wholesaling isn’t my game, but I leverage my network to support others because their success is my success.Shifting the conversation to value changes everything.How are you creating meaningful connections in your deals?