Like many agents, my first deals were from long time family friends, specifically on the buy side (which is changing quickly now).

Buy and hold for long term gains How did you find this deal and how did you negotiate it?

So absolutely viable if - like you mentioned you can get creative in terms of financing the deal.

I anticipate that late fall and early winter could present some good opportunities for those looking to pick up short-term rentals (STRs).One thing to keep in mind, as with most markets right now, is that return on investment (ROI) isn’t going to be sky-high.

Turnkey operators don't work like that and they are more like a broker collecting a fee for their work (regardless of the long-term performance).

Yes, your parents can take out a HELOC on their paid-off home to help fund your BRRRR, but it’s smart to have a contract in place to outline repayment terms and protect everyone involved.

@Ivana Ivanovic I would say 8% is low to cover both vacancy AND repairs.If you expect to incur just one month of rent lost every 12 months, you'd be looking at an 8.33% (1/12 of gross annual income) vacancy rate.And, even for a brand-new build, you're going to have some repair/maintenance costs as long as you've got human tenants.

Now, I'm looking to venture into real estate investment for several reasons:Diversify my investment portfolioBuild generational wealthLower my taxable incomeMy Investment Criteria:Buy and Hold Strategy: I'm focused on long-term investments.Cash Flow: Not a priority for me; I don’t need the income from these properties, even in retirement.Acquisition Pace: I plan to acquire one or two properties per year.

Long-time reader, first time poster and investor.

Even in areas without significant disaster risk, we're still seeing insurance costs rise due to broader industry pressures.The Long-Term ViewFor those of us deeply involved in multifamily syndications, it’s crucial to educate LPs and partners about these changes.