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26 January 2025 | 5 replies
Start small with duplexes or triplexes, analyze deals carefully, and build a team of local experts.
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31 January 2025 | 19 replies
Property Managers come in all shapes and sizes, I tend to recommend seeking a medium size local company.
28 January 2025 | 7 replies
If you wish to network or ask specific questions about your local market, you can go to your local real estate forum and discuss with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking 5.
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6 February 2025 | 7 replies
Medical pros, job relocators, and digital nomads are looking for comfy pads.Join online groups like Furnished Finder, Nomad List, or local Facebook groups.
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18 February 2025 | 12 replies
Otherwise, if you know any local realtors they can also help see what market rents look like in the area.
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1 February 2025 | 1 reply
My local area has high property tax and makes me wonder about PA as an alternative.
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17 February 2025 | 9 replies
I find new lending opportunities by networking at local RE Meetups, Training Classes and real estate functions.
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17 February 2025 | 10 replies
If you're considering mobile homes, the first step is checking zoning laws and utility access since some areas have restrictions.For resources, Mobile Home University is a well-known starting point, and local mobile home dealers can offer insights on placement and financing.If mobile homes are allowed, you could either rent them yourself for higher returns but more management or rent out the lots for steady cash flow with less work.
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14 February 2025 | 7 replies
A second consideration is that condos locally have become more adverse to rentals.
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17 February 2025 | 15 replies
It is also worth noting that property management is often closer to 30% of gross rent for a short-term rental due to the much more intensive hands-on management compared to a typical 10% for long-term and as such, I agree with recommendations above that medium term rentals may provide the best of both worlds if you are able to tailor proximity to a local need, e.g. hospitals and travel nurses.Again, happy to relay my personal experiences in the area if you're interested.Best of luck,Patrick