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24 January 2025 | 4 replies
Our STR/MTR portfolio typically sees around 80% occupancy, and I’ve noticed that the online travel booking sites often push properties with consistently great guest experiences.
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6 February 2025 | 17 replies
Thanks @Iris OlivasI did some searches and ended up on a site that provided state by state listings of Private Lenders some of whom did 75k and up.
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3 February 2025 | 79 replies
It may cash flow for a year or 2 but once things start breaking or something goes south with a tenant or it sits vacant for a few months, all of that previous "cash flow" is wiped out.The business model is a high CapEx / low cash flow business model relative to the value of the assets.Rentals are a great long-term wealth-building vehicle (appreciation, loan pay down, tax benefits, etc).Don’t rely on them to pay for your groceries.Sounds like you have a lot of experience in negative CF, and not in positive CF.
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23 January 2025 | 11 replies
Give your guests high speed internet and smart TV's - they can use their own log ins for the streaming sites.
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28 January 2025 | 3 replies
Check their work.You came to the right site to learn everything you need, Good Luck!
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10 January 2025 | 6 replies
But you should be doing the number crunching yourself and not rely on someone else especially the person selling you the property. ✌️ (and don’t forget to calculate short term capital gains tax - that’s why I prefer passive income over flipping)
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26 January 2025 | 15 replies
Having my savvy husband on-site made ALL the difference!
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17 January 2025 | 9 replies
@Raul Velazquez The 3 things I would recommend besides reading books/audio/sites are:1.
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3 February 2025 | 9 replies
Maybe an investor is flipping a lot of properties and you could offer to pick up and deliver materials to his crews, clean the work sites every night, bring his crew lunch, or whatever.Find a way to make yourself useful to them, and they will reciprocate.
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28 January 2025 | 27 replies
Nothing points to this better than claiming the property cash flows $1,000/m relying on rent collection and debt service/taxes/insurance while responding to my question about other operating expenses/reserves with: "repairs will come and we will fix, but that's why we do our due diligence before we buy so we aren't walking into major repairs".