Nice try, but no cigar.3rd warning: only paid stays count, and only full-price stays, not discounted favors for friends and family.

The government would tell you that primary homes have a discounted tax rate and to make up for it they have to tax rentals, AKA small businesses.

I appreciate your ready-fire-aim approach, @Brendan Duggan, but you’re likely creating loans that might only be saleable at a discount.

It's the one-year required management agreement at 10% that can get you (although you can re-up the following year at a discount if you pay the entire year at once).What you definitely need to avoid is leasing through them, should your property become vacant.

Another thing we like to do is offer a discount on second month's rent if you apply within 24 hours of viewing the apartment.

Yes, I am in Lisbon and my perspective is optimistic.I think that 2020 will be quite solid due to all the supports and subsidies from banks and government. 2021 will give some discounts and Christmas 2021 will be the turning point for RE to grow up again

and I cannot agree more that BRRRR works extremely well with multifamily real estate most of the time, when you start buying distressed multifamily buildings with 10+ units, especially with a discounted price, that is when you truly start making money with BRRRR!

I was able to negotiate about 10% discount that was purely circumstantial, I'll let time do the appreciating passively instead of running a 6 months construction project with holding cost.

Forced Apperception (BRRRR or buying at a discount) is also a hedge against corrections.

I'm talking 50k-100k discount just because of where we live.