Nate McCarthy
How to approach landlord about buying their rental?
11 February 2025 | 13 replies
This could be an opportunity to add value by offering to help with clearing or relocating those items as part of any potential agreement.Why This Could Be a Good Move for YouYou see long-term potential in the property, especially with the large lot and development possibilities (even if those are years down the line).As the current tenants, you have the advantage of a direct relationship with the landlord and familiarity with the property, reducing competition and risk.This could be a chance to lock in a property that you might otherwise lose if it hit the open market, especially in today’s competitive environment.Challenges to ConsiderIf the landlord is emotionally tied to the property or reliant on rental income, they may be reluctant to sell.Financing could be tricky, especially with today’s interest rates and the gap between the current rent and what a conventional loan might cost.The development potential you’re interested in is likely a long-term play, which means the property could be financially tight in the short term, especially if you’re only breaking even or slightly negative on cash flow.Structuring a Potential DealTo make this feasible, you’ll likely need to explore creative financing options that align with both your financial capacity and the landlord’s goals.Seller Financing: Propose a deal where the landlord acts as the lender, allowing you to make monthly payments directly to them.
Tyler Garza
Newbie From Oklahoma
6 February 2025 | 4 replies
My one tip would be, its not about getting wealthy quickly, but more long term.
Abby Biter
My Short Term Rental Barely Profitable
8 January 2025 | 11 replies
Airdna wants me to lower the price but I also do not make enough, still better than $0.I will link my few, one has a long-term renter https://abnb.me/AQJoTn3zJpbhttps://abnb.me/ZMAc7i5zJpbhttps://abnb.me/GtVbaF6zJpb
Ben Fernandez
Overcoming Setbacks: Renovating a Challenging MLS Property for Profit
5 February 2025 | 0 replies
Purchase price: $68,000 Cash invested: $70,000 Sale price: $195,000 I purchased a long-term rental property from the MLS that had multiple contractor issues and significant delays.
Tony Schmucker
New Investor Seeking Advice on Relocating and House Hacking
5 February 2025 | 28 replies
What is the long term plan for the city and the state?
Ryan Rubel
Short-term rental purchase, north county coastal.
4 January 2025 | 5 replies
I'm considering purchasing a condo or a small SFH in the Oceanside/Carlsbad area as an investment property and renting it out on a short term rental site like AirBNB.
Shea Gajewski
Young Investor Seeking Advice
3 February 2025 | 5 replies
Owning a duplex at 20 is a huge accomplishment, and it’s inspiring to see you’re already planning your next move.From my perspective, real estate investing is a long-term game focused on building equity, paying down debt, and maintaining stability over chasing short-term cash flow.
Bryce Jamison
Do you buy older homes for long term rentals?
20 January 2025 | 32 replies
I tend to shy away from homes over ~20 years old to buy and hold for long term renting.
Steven Mendoza
Contracting a Deal - HELP
25 January 2025 | 1 reply
My wife and I are new to the forum and have been listening to the show over the past six months, and we have been motivated by all the success stories from you all!