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20 May 2024 | 2 replies
You seem pumped up to do this, but do it first at a local meetup (in terms of connecting with people) or else you are just going to get a bunch of people trying to sell you services or on how good they are.
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21 May 2024 | 10 replies
The high visibility of listings on these platforms often leads to intense competition, making it challenging to secure deals that align with your investment criteria.I highly recommend identifying a target market and cultivating relationships with local wholesalers operating in that area.
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21 May 2024 | 3 replies
Local credit unions usually have credit cards with 10-15% interest too if you need.
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23 May 2024 | 43 replies
@Alexander Merritt IMHO low end rentals are only suitable for local investors that are in the landlord business and are going to scale up and own as many as they can get 100's have your own PM and maintenance and that's the ONLY way in my mind that stuff will work over any amount of time.buy the best that you can if your just starting out.
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20 May 2024 | 27 replies
I've got a great relationship with the owners of a local pizza chain.
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22 May 2024 | 27 replies
Also, are you local to either market?
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20 May 2024 | 4 replies
Hi John, local to you here in Florida.
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20 May 2024 | 20 replies
Quote from @Somesh Mukherjee: Quote from @Matthew Irish-Jones: Quote from @Somesh Mukherjee: Hello all, I am from Toronto, Ontario and own a few properties locally.
20 May 2024 | 2 replies
We are both remote workers and hoping to get a better understanding of some local markets such as Pueblo, Co and potentially surrounding areas preferably more west.
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20 May 2024 | 13 replies
This is something to budget for when considering this type of rental.Management Intensity: Managing student rentals can be more hands-on, requiring stricter lease agreements, regular inspections, and sometimes dealing with noise complaints or other issues.Seasonal Vacancy Risk: There’s a risk of vacancies during summer months unless you find tenants who stay year-round or offer summer sublets.Zoning and Regulations: Some college towns have specific zoning laws or regulations regarding student housing, so it’s crucial to be aware of these and ensure your property complies.Tips for Success:Proximity to Campus: Properties close to the university are more desirable and can charge higher rents.Furnishing: Consider offering furnished rentals as students often do not have their own furniture.Strong Lease Agreement: Have a robust lease agreement that includes clauses for damages, noise, and other common issues.Hire a Property Manager: If managing the property becomes too time-consuming, a local property manager with experience in student rentals can be a great asset.Overall, student rentals can be a profitable investment with the right management and location.