Garrett Brown
What is your biggest struggle in the STR world right now?
26 January 2025 | 48 replies
Everyone’s got the same problem: STR oversaturationPrices are high in most markets and if/when you do buy, your competition is fierce thus pushing down nightly rates and occupancy rates in almost every worthwhile marketGood luck fixing that!
Patricia Andriolo-Bull
Thoughts on Host Tools
24 January 2025 | 10 replies
I've also leveraged that capability to build some pretty cool dashboard on my end to occupancy, revenue, and cancellation rates across all platforms.
Chris Seveney
What is the Best Way to Grow as a Private Lender
13 January 2025 | 15 replies
Incensed deal flow by developing a large list of contacts of commercial mortgage brokers using LinkedIn.
Anderson S.
Breaking Through Financing Hurdles with Expert Mortgage Brokers
22 January 2025 | 0 replies
Unlike banks, which offer limited loan options, brokers have access to a wide network of lenders, including niche and non-traditional financing sources.Here’s what they do:Assess your financial situation to determine your borrowing power.Compare multiple loan products to find the most favorable terms.Negotiate rates and terms with lenders on your behalf.Guide you through the application process, ensuring you meet all requirements.Example: Suppose you have a lower credit score or unconventional income sources.
Alecia Loveless
Is Anyone Marketing their Rental Business on Socials?
31 January 2025 | 4 replies
The best strategy I seem to have deployed so far was to contact all my current tenants and let them know I’d give them a cash referral fee of $250 for anyone they recommend to me that goes through the vetting process and successfully moves in.
Nicholi Hibbert
Carpenter & Plumber Contractor Recommendations - Southern New Jersey
13 January 2025 | 2 replies
Here are some contacts that might help you build your team in Camden County:Carpentry:Wood World: 267-916-3241Kole Made: 267-332-9663Glenn Pierce: 484-354-5202Plumbing:Ben Franklin In Home: 267-500-8020Roto Rooter: 856-470-1102Greater Works Plumbing: 267-826-6578I hope these recommendations help.
Dylan Fraembs
New Investor in Providence – Looking to Connect and Learn from Local Experts
31 January 2025 | 5 replies
If you're willing and able, I do recommend the "house hacking" strategy which is just a fancy name for buying a rental property and living in one of the units, because you'll get very favorable financing - an owner-occupied fixed-rate 30-year mortgage.I'd also say, analyze that property as if you won't live there and it's a pure rental, and make sure the property is still cash flow positive if there's a tenant in your unit because then you'll know if it's actually a good investment.And when you analyze it, include payment of a property manager in your #s because if you don't, and doing so would make it go cash flow negative, then you've just bought yourself a job because you literally can't step away from managing it without losing money.
Madison Sloan
Newlywed rookies close-ish to first purchase
18 January 2025 | 9 replies
Do any of you invest or have contacts in the Salt Lake City area or North Idaho?
Daniel Grantz
Best markets for cash flow
2 February 2025 | 22 replies
Here are a few markets with solid numbers:Indianapolis, IN – Median home price: ~$175K | Average rent: $1,400-$1,600 | Cap rates: 7-9%Kansas City, MO – Median home price: ~$200K | Average rent: $1,500-$1,800 | Cap rates: 6-8%Cleveland, OH – Median home price: ~$120K | Average rent: $1,100-$1,300 | Cap rates: 8-11%Birmingham, AL – Median home price: ~$160K | Average rent: $1,300-$1,500 | Cap rates: 7-10%Memphis, TN – Median home price: ~$150K | Average rent: $1,200-$1,400 | Cap rates: 8-10%These markets offer affordable entry prices, strong rental demand, and higher-than-average cash flow potential.