Best way to think about hard money is as a bridge loan.

It does not have to be a one to one exchange or a asset class to asset class.

Quote from @Brittany Kelly: I keep reading mixed answers about buying homes at auction.

For instance, this happened with a client who set up a Nevada LLC to own a rental property in Illinois.

To me at my current knowledge level, this deal only works if taking over the loan - to limit the out of pocket money to acquire the property since the outside reno and new septic would take up the bulk of rehab costs. 

Investment Info:Large multi-family (5+ units) buy & hold investment in Flagler Beach.

🚨 DISCLAIMER - This post isn’t for you if:❌ You think a vacation rental is just a place to sleep.❌ You furnish with the cheapest finds, not a strategy.❌ You believe all guests are the same and unique design doesn’t really impact revenue.❌ You’re unfamiliar with an analytical approach to design and assume insights like these are just opinions, not proven strategies.❌ You think using emojis means I copied this from somewhere—I’m just a millennial who likes to keep things engaging.BUUUT if you’re an investor who wants to attract high-paying guests, increase your nightly rate, and create a rental that markets itself, keep reading.A question I get A LOT is: “How can I market my vacation rental?” 

When a lease ends they’ll suggest new rents and if the tenant hold be offered a renewal. some will offer to transfer utilities for you when it goes vacant, all should handle the transfer when a tenant moves in  With 10 properties I don’t “talk” to my PM more than 2-3 times a year.

After that, we are looking to buy maybe 1 or 2 more SFH this year. 

One of the biggest myths new real estate investors believe?