Matthew Bruce
how to wholesale apartments.
10 October 2024 | 24 replies
@Matthew Bruce @Desiny Smith Oh wow, isn't it interesting that with a bit of persistence anything can be done?!
Hieu Bui
Estimating rehab cost for a duplex
11 October 2024 | 26 replies
@Matthew Paul Wow didn’t think it would cost that much to do this.
Shelby McKean
Thoughts on Turnkeys?
14 October 2024 | 31 replies
Wow- this is a super interesting strategy that not many people have talked about.
Chris Brightwell
Kissimee Florida investors
7 October 2024 | 9 replies
Wow Errol Graham, thank you so much for the insights!
Francys Ramirez
What are you seeing in the market?
8 October 2024 | 13 replies
Wow Travis, this was very helpful and appreciate the insight of what is to come!
Meghan Begue
Is Colorado's Multifamily Market Still a Good Bet for New Investors?
6 October 2024 | 12 replies
However, there are some challenges to keep in mind:Regulatory Variations: Regulations can vary widely between locations and are constantly evolving.Active Management: STRs require more hands-on management for guest turnover and communication.Additional Costs: Don’t forget about expenses for furnishings, cleaning, and possibly hiring a property manager.If you’re looking for STR-friendly areas, consider these locations, as others can be too expensive to consider, such as Snowmass Village or Aspen:Breckenridge: The most visited ski resort in North America, attracting around 3 million tourists each year.Steamboat Springs: A popular year-round destination for winter sports and summer activities.Keystone: Great for those wanting a less crowded resort experience.Divide & Florissant: Charming mountain towns close to Colorado Springs.Fairplay: Just 30 minutes south of Breckenridge, with an impressive 82% Airbnb occupancy rate.Cripple Creek: A former mining town now known for casinos and outdoor activities.Park County: Very Airbnb-friendly, though regulations may change.Here are some strategies to help you succeed in the STR market:Hybrid Model: Consider using some units for STRs and others for long-term rentals to balance income.Research Local Regulations: Always check the current rules in your target areas before investing.Year-Round Appeal: Focus on locations that attract visitors in all seasons.Quality Furnishings: Invest in quality to justify higher nightly rates and attract better guests.Dynamic Pricing: Use pricing strategies to maximize revenue during peak seasons while maintaining occupancy in the off-season.Stay Flexible: Be ready to adapt your strategy as the market and regulations change.While Colorado’s STR market offers exciting opportunities, it’s essential to approach it strategically.
Jay Garrison
passed Illinois RE exam, now what?
5 October 2024 | 4 replies
Wow that is some golden advice thanks!
Khadijah Celestine
Can I wholesale to myself?
6 October 2024 | 8 replies
Wow, this was really insightful.