Sometimes stuff does work out!

My point was just that there are lots of banks and if the first one doesn't work out, just keep going until you find the right fit.

I think it would be good student housing and the numbers seem to work out very well, but I want to be sure I’m not missing something.

It ended up selling for 20k less than we had it under contract for, and even a novice investor could have made this one work out.

In my experience, the only real estate investors that really make money out of doing big rehabs are specialists in rehab, usually long-time handymen who do much of the work themselves and have good connections to farm the rest of the work out, or out-and-out renovation construction company owners.

As you can guess, all of these activities are highly capital intensive. 

My guess is that this new ordinance is mostly aimed and written so that there was an actual code enforcement mechanism as I don’t know if they had an official Airbnb fine before.So if you weren’t following the rules before it was a less intense code violation.

Hey Steven, I'm in the Kansas City area, and I'm sure the numbers for rental properties here work out much better than in CA.

If you do not complete extensive research then you are just guessing what might make an impact implementing into your property and business instead of having a high likelihood of knowing and stacking odds into your favor.Hotels are a more intensive asset class that can require daily management versus other commercial asset classes so you have to make sure the reward far outweighs the downside risk.

But I don't want to spend $10k to send post cards to get 10 leads and 1 may work out and don't have time..