In the backyard, what was previously grass and concrete was completely transformed into a lush vacation oasis, complete with a luxury pool, expansive deck, custom mural, chic furniture and hot tub for the ultimate tropical experience.

Selling would basically mean they lose all benefit of the property and maybe ultimately that’s what will happen.Just looking for ideas for them to explore.

Ultimately, your decision should align with your comfort level regarding your finances, personal needs, and the housing market outlook.

That's exactly what I'm saying, pay off your entire balance before the statement closes (option 1), not on the actual payment due date (option 2)                                                              Option 1               Option 2Prior statement balance on Nov 1             $0               $5,000New charge on Nov 5                         $10,000             $10,000Paid on due date Nov 10                             $0              -$5,000Paid on closing date Nov 30             -$10,000                      $0Statement Balance on Nov 30                    $0              $10,000The ultimate goal is not to pay off your statement balance in full each month. 

Ultimately, STRs are like running a business and to be successful you want to distance yourself from the competition.  

Hello @Luis Herna,In this scenario, the buyer should provide the EMD (Earnest Money Deposit), as they’re the one ultimately purchasing the property.

Ultimately, courses can be great for structure and guidance, but real learning often comes from doing and connecting with experienced investors actively succeeding in your niche.For many, podcasts, books, and courses are just entertainment. 

Hey @Ana Mills, this ultimately depends on what your current portfolio looks like, your entity structure, and your plans to scale or not.If you have a few STRs and no plans to grow, it's beneficial to have separate bank accounts and credit cards for each property.If you plan to scale to 10+ properties and hold each property within it's own entity, maybe just a checking account per entity and keep some credit cards at the holding company level. 

It's good to hear that you want to play the long-term hold game as that is how you'll ultimately build equity.  

Do some demos and make sure you feel very comfortable with the one you ultimately select.If you're unsatisfied, it's a huge hassle to have to transition later when you have multiple properties under management.