Are there any vacant buildings in close proximity?

By identifying the right buyer in advance, we streamlined the process and ensured a smooth closing.

purchase and rehab, sell 236k, with seller contributions, holding closing and selling costs ...

Keep learning, stay patient, and take calculated action—your mini empire is in the making!

We have 3 long term rentals now and we can’t decide if it would be a better investment to go short term or stay long term. 

There are executives that go to the Thousand Oaks area and need a place to stay. 

Of the dozens of MFR I have closed on over the years none have been in Newark, the reason for this is it is not worth the headache. 

Quote from @Michael Calvey: Airbnb just dropped their Q4 numbers, and something caught my eye that hosts need to pay attention to: while they're raking in $2.5B in revenue (up 12%), they're dumping massive resources into platform "improvements" - 535 of them to be exact.As someone who follows the hosting space closely, here's what's interesting: they're clearly betting big on AI and tech upgrades, but what does this mean for hosts' bottom lines?

I can be patient, but I like to take action quickly.If I were to save for a decade (reserves + downpayment + closing costs), would I have been better off acquiring out of state properties or essentially being a bit of a slum lord to scale my portfolio faster to build equity?

Be mindful that there are rules that the lenders want you to check off.Furthermore, there are other rules on the tax side where you want to normally be under to get the most tax benefits.The magic number in both instances is '14 days'Lenders want you to stay atleast 14 days to meet the secondary home requirement.The tax accountant normally wants you to stay less than 14 days or 10% of the days it was used as a rental to treat it as a rental and not as a personal residence.Best of luck!