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27 January 2025 | 5 replies
I don't see that happening any time soon based on your 2022 to now trajectory, but you do want to find a way to make it profitable.
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6 February 2025 | 12 replies
BiggerPockets has some pro tools that let you see rent to price ratios and other cool stats, I use this to check out various markets and which seem to have better/worse profitability.
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5 February 2025 | 9 replies
*Self-manage your property for at least one year to maximize profits and ensure quality guest experiences.Hopefully, this helps in some way.
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9 January 2025 | 9 replies
Thus, you will have a higher profit margin.You will have added closing and holding costs when paying with Hard Money.
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2 February 2025 | 9 replies
Check their nightly rate, occupancy and amenities.That will give you a pretty good idea of need and profitability.
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25 January 2025 | 12 replies
If you use a PM, you are cutting heavily into your profits.
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17 February 2025 | 15 replies
If you find something that works well as a short-term rental, but doesn't work well for you as a home, you'll have money but be dissatisfied when you live there.You don't even need it to produce a profit.
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27 January 2025 | 5 replies
You'd learn and potentially earn a profit at exit.Another way is to wholesale the land.
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13 February 2025 | 22 replies
Over time, you can increase rent, reinvest profits, or leverage equity to grow your portfolio.