I also modeled out what the investment might look like if the exit cap rate increased compared to the purchase cap rate.2.

Working on getting a new septic permit so we can add onto it, and increase the bedroom count to 4.

Working on getting a new septic permit so we can add onto it, and increase the bedroom count to 4.

@Andrew Gavre there will continue to be upward pricing pressure for insurance in coastal areas for the next 2 years, just not to the 20%-30% rate increase we have been seeing. 

Purchase price: $80,000 Cash invested: $25,000 I helped my father-in law convert his LTR to a STR recently (he's owned it for forever, but we wanted to see if we could increase the revenue by switching strategies and updating it).

This level of organization ensures that nothing is overlooked.Remember, risk tolerance increases with experience.

This strategy allows you to diversify your portfolio, leveraging both the stability of a Roth IRA and the growth potential of real estate, while gradually increasing your investment capacity over time.

If values in the area increase significantly then you can pursue a QT when it makes sense.

Mainly those that have seen sharp price increases without incomes keeping up.

Sounds like code word for increasing their billables in 2024 Q4.