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27 May 2024 | 2 replies
Beautiful photos matter a lot.Good luck!
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5 June 2024 | 116 replies
. 🏠👍 100% agreed.I've witnessed way to many investors over the years getting caught with their pants down when using too much leverage.The real estate "guru" world is incentivized by selling more properties (Realtors earn commissions on every property sold) and "no money or low money" strategies (Easy way to flog books and seminars), etc...So leverage to the tilt they would say...The best deals are bought quickly and with cash.All good things take time and so does building a strong and sustainable real estate portfolio.Start slow and small and build the foundation of your portfolio with cash.This will minimize losses when vacancies occur and one hopefully won't have to put their hand too deep in their own pocket to cover expenses as they occur (Especially large expenses like mortgage costs).Once a solid foundation has been built and experience gained over a period of time of what the true income vs expenses will be, then look at using leverage.Also, all deals should be analyzed from a "devils advocate" standpoint and don't get too excited about it's initial prospects.If you think it won't happen to, I'm here to tell you that it will.This is coming from someone that has done hundreds of deals and has seen it all.Always protect the bottom line first and foremost.Much success
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27 May 2024 | 4 replies
Several beautiful areas with an old pine forest and pond.
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27 May 2024 | 7 replies
It's truly motivating to witness flips happening in the area and how properties can appreciate through strategic renovations.
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29 May 2024 | 27 replies
Randy Hey Randy,Thank you for the beautifully written response.
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26 May 2024 | 27 replies
I saw on linked-in someone saying they witnessed a deal go down where the investor just charged his platinum card.
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26 May 2024 | 45 replies
We fought for this for several reasons: 1. tourism is our main economy 2. there are an incredible amount of dilapidated homes that could be renovated and made beautiful if the investment return justified it (which STR in a beach town could) and 3.this is a family-friendly, lower-cost and now COVID friendly way to travel.
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24 May 2024 | 11 replies
Hi Matthew,I second the idea of skimming through the beautiful rabbit hole of Pinterest to get ideas and brainstorm.
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24 May 2024 | 13 replies
The lake's beautiful setting attracts tourists, making it a lucrative spot for STRs, especially during peak tourist seasons.STR operators in Oklahoma generally need to adhere to zoning laws, licensing requirements, and may be subject to taxes such as sales and lodging taxes.
23 May 2024 | 1 reply
It is beautiful out there but are people able to cash flow their existing STR.