If you’re using all cash you can afford to make mistakes with underwriting, or during renovations.

Focus on affordable markets, build a strong network, and continually educate yourself through books, podcasts, and deal analysis to steadily expand your portfolio.Good luck!

STRs in non-traditional vacation markets like Stuttgart or Wiesbaden aren’t t just about breaking even they’re re about creating consistent cash flow that also serves as a long-term hedge against inflation.5.

These properties are often easier and more affordable to manage.

I cannot afford another above the $16,000 which is why I told her $15,000 was the budget.I also stated to let me know of any extra charges that come up so I can watch the number.

Can you afford a vacancy or two?

By 2030, we want to have grown a portfolio of over 100 units, created a property management company that manages an additional 100-200 units, and, finally (and most importantly), we will have established a non-profit that is focused on quality, affordable housing that specializes in providing housing and resources at/on the "services cliff" alongside financial counseling and first-time home buyer education in our target area.Our target area is the Springfield, MA and Hartford, CT areas with dreams to expand to Central Massachusetts (Worcester, MA), Southern New Hampshire (Nashua, NH), and Southern Connecticut (New Haven, CT).Would love to meet up with likeminded individuals in our area!

The lower rate or longer term can also make the payment more affordable. 

We all invest in real estate in order to make money, and keep in mind that someone who can only afford to live in a mobile home and seller-finance to buy the land is probably tight on funds. 

In Massachusetts, helping your non paying tenants find new housing that they can afford and paying for their moving costs and new deposit can be cheaper than the long eviction process.