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24 April 2024 | 9 replies
I'd check local tourism statistics for the area as well to see if those are up or down.
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25 April 2024 | 14 replies
Back to your original topic (we investors do chase rabbits sometimes)...I am not aware of such a place that is not already in an established tourism/STR market.
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25 April 2024 | 93 replies
And I prefer tourism areas that have been doing this a while instead of metro areas that don't depend on the tourism for their economy.
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23 April 2024 | 2 replies
What are the key factors influencing the cost of care in assisted living facilities in New Jersey and New York?
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22 April 2024 | 13 replies
If you don’t mind me asking Job growth and stabilityLimited land to hold value Tourism and revenue incomes streams as a city to gain exposureMilitary bases nearbyResort town/ beach town Commercial businesses coming into the area Tons of gentrification in the area with new construction
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24 April 2024 | 49 replies
Montgomery has a great rental market. 1)The last numbers I saw showed 47% of homes here are rentals. 2)That is due to a strong federal job market with federal courthouses, Maxwell and Gunter air force bases. 3)Lots of state jobs, about 10 colleges and universities, tourism, 3 major hospitals, 4)a Hyundai manufacturing plant, and Amazon is building a distribution warehouse.5) Low property taxes.6) Population growth.7) Landlord friendly state.8) We can typically hit the 1% rule on rent to price ratioFrom Wikipedia, Alabama has the second lowest property taxes behind Hawaii.2.
24 April 2024 | 11 replies
In a mobile home park, most of the value is in the underground infrastructure, roads, landscaping, amenities, pools, fencing, pads, utility pedestals, etc, while only a small portion of the value comes from a building, like a clubhouse or laundry facility.
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23 April 2024 | 7 replies
That gives you diversification, more freedom, and you are still invested without all the effort.Self-storage is hot right now, but it may be worth looking for a facility in your area that you can improve and self-manage.
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23 April 2024 | 9 replies
We are doing a site visit today and wanted to hear what you think about investing near an Amazon facility.
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23 April 2024 | 8 replies
That said, we don't need to be next to family but being somewhat close by has advantages so those places are favored somewhat.The strategy is to buy, househack a value-add multifamily for 2 years then rinse and repeat until we can build up enough capital to either start developing, move to larger multifamily or the wife wants to start a senior care facility.