If not, how did you evaluate reno costs before closing to know if this would be a deal that would make you money?

How do you evaluate potential investments, and what role does financing play in your decision-making process?

It involves evaluating a sponsor's capabilities, track record, and financial stability to ensure they can effectively manage and execute a project.

Since my strategy would definitely involve house hacking, I was thinking about house hacking with a mixed-use property.It could be interesting to evaluate as a strategy, but only if I can access financing with a low downpayment.How would that work from a financing standpoint?

There is a lot to consider when evaluating property and cash flow is only part of it.

Typically when one of my units turns over I evaluate the entire unit to determine what needs to be done to get the most current market rent for it.

The pandemic-era surge of new investors has subsided, leaving behind more experienced investors who are carefully evaluating opportunities.

We're also able to evaluate our rates, and keep pace with inflation, on a monthly and quarterly basis because of shorter term leases.

However, if you do evaluate a property as an STR, run the numbers as if it were a MTR.

Hi Maria,Finding, evaluating, and securing high-return opportunities in private money lending can be rewarding, especially for beginners.