Have you thought about this approach or considered a phased plan to build up your portfolio?

I’m not looking for a completely passive approach, even though I’d be managing it from outside the country.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

While there are undeniable challenges—higher interest rates, tighter lending conditions, and market uncertainty—there are also unique opportunities that can make real estate a very prudent choice if approached thoughtfully.

Did you issue a formal notice, enforce any lease penalties, or take a different approach?

After talking to my guests and understanding their needs, I shifted my approach.

Note: We do 50+ investment property loans a month and the most important thing I tell BUYERS of properties being sold as or soon to be STR is make sure you are paying the market price per square foot and do NOT buy based on income approach/CAP rate.

Our negotiation approach focused on building rapport with the seller, allowing us to secure the property below market value.

The slow and steady approach is fine for this property but it feels like a waste to sit on a low performing asset and assuming rent increase is a strong enough lever to pull on for FI.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.