Lina Truong
Please help me get started for mid-term rental investments
15 January 2025 | 18 replies
Hi Lina from Texas-Congratulations on your interest in investing in mid-term rentals and you are wondering how and where to get started.I get this question frequently from investors.Sometimes and investor is looking to keep their property cashflow positive as insurance and taxes have squeezed cashflow by turning units into mid-term or short-term rentals.First off, ideally, the property will cashflow as a long-term rental should something disrupt the mid-term rental model.You will also want to have the property be near where there would be a demand for mid-term rentals (hospitals, universities, research centers).Monthly rents for mid-term rentals are about 20% (+/-) higher than unfurnished similar long-term rentals.There are property managers that will manage mid-term rentals for you and I always advise my clients to use property managers to keep their investment as passive as possible and for compliance issues related to Fair Housing Laws and local regulations.To Your Success!
Yaroslav Shtogun
Lot split with house on the line
20 January 2025 | 14 replies
You will probably want to engage an engineer to provide an engineered plan for the lots and attorney who frequently presents variance cases.
Camille Romero
Real Estate Advice Needed
20 January 2025 | 28 replies
To have a chance at success it is critical to have a team that knows the city very well and that includes both your realtor and your property manager.The areas that look like you're getting good cash flow for an inexpensive property are often D-class neighborhoods where you'll have to deal with frequent turnover and difficult tenants.I'm not saying you cannot be successful owning rentals in Baltimore City.
Samuel Kim
Real estate professional status 750 hours doable?
19 January 2025 | 19 replies
Maintenance scheduling (I realize it may not be frequent)?
Marcus Stokes
fix and Flip
18 January 2025 | 21 replies
Tax-wise, profits are taxed at your ordinary income rate, and frequent flips may subject you to self-employment tax if classified as a dealer by the IRS.
Elizabeth L.
Has anyone had a successful tenant eviction in Union City NJ?
14 January 2025 | 5 replies
See who represents owners frequently in your jurisdiction and get set up with them.
Timothy Franklin
STR sub-to/ portfolio
1 January 2025 | 26 replies
There are some “hot button” topics on BP which bring out “knee jerk” reactions and sometimes incorrect assumptions from some of us long time and frequent participants.
Jacob Valdez
My First Home Purchase
3 January 2025 | 1 reply
It'll be easier to manage and you could have less frequent turnover.
Chris Allen
Selling Home on Sub-To
9 January 2025 | 9 replies
I can explain why, because I buy Subject To.
Kayla M.
College Student and soon to be Active Duty Military hoping to learn and connect
15 January 2025 | 9 replies
Planning for flexibility with frequent moves and understanding property management will set you up for success when you start investing in 2026.Good luck!