
21 December 2024 | 11 replies
Putting a long term tenant in a property here that you are BRRRRing won't cash flow unless you plan on leaving a good amount in the deal to do so, but that defeats the purpose of the BRRRR.

25 December 2024 | 22 replies
.), and you've made your House Rules clear, then don't sweat the small stuff.By that, I mean- you'll have guests who have 5-star ratings but can still leave a mess or damage (other owners didn't report accurately or it was complicated) but you have recourse via photo evidence (your cleaners, etc.) to ask for reimbursement (or use something like AirCover, etc.).

17 December 2024 | 16 replies
You can certainly leave money in your BRRRR - it doesn't have to be the "perfect" BRRRR that so often is talked about where you pull all of your investment out and then some and therefore have infinite returns.

18 December 2024 | 5 replies
I'd consider doing some kind of cash out refi on the property at a number you're both comfortable pulling out, while still leaving $ for reserves to maintain the STR you currently have.

23 December 2024 | 10 replies
Never invest in any city on this list of the 50 most dangerous US cities.Low operating costs: High operating costs are one of the driving factors for many companies, leaving states with high taxes, regulations, and other costs.

18 December 2024 | 12 replies
While there are fewer native Austinites left, if you find them—especially older residents—they can be an invaluable resource for inside information.Get involved locally: Once the tourists and college students leave for summer or holidays, you’ll realize Austin is still a small town at heart.

18 December 2024 | 5 replies
Oh yeah, you can leave it tax free to your heirs, like an unlimited 401k.

30 December 2024 | 89 replies
I understand the downsides (well not all of it since I am inexperienced) but just like LTR I believe there are risks with any form of investment.Thank you so much for the reply, I see I didn't know it was mumbo jumbo I thought it was "professional" formal talk I wanted to give off the impression of some form of professionality to build a rapport but you're right I should be more straightforward but I want to first ask if they're open to corporate leasing because I will be hosting via my LLC and since I'm going to most likely advertise towards Travel nurses it wouldn't only be on airbnb but on different sites like furnished booking so I wanted to leave it a bit ambiguous so that it can start a conversation rather than have it limited to only being seen as just another airbnb pitch.

17 December 2024 | 5 replies
Lot less multifamily which is why I haven't bought but it is where I grew up.Make sure you study the eviction laws, I believe tioga County (but could be a different close county im not sure) my lawyer told me that you now HAVE to pay to pack up an evicted tenant professionally and store it for months at your own cost if they leave their stuff behind.

19 December 2024 | 37 replies
If interested, leave a message in this post and I can send you the addresses of who we have already have sent letters.Dennis