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29 April 2024 | 7 replies
Hi Lisa, As an investor, I have worked with all types of realtors, but for investment property I would say that you have to have an experienced realtor in investment properties or you have to have enough experience for the deal to work with.Experienced Realtor will help you with the contract (which in many cases are not simple), but most importantly with spotting issues in the property that could cost you thousands.Your concern is valid so it is important to sign a Buyer Representation Agreement, in which case the realtor has to work for you over his/her own interest (or you can sue him).The idea is not to sue them, but to make sure you trust them enough to work with them.
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30 April 2024 | 12 replies
I've been very cautious around advising this strategy until I see that the investor has the personal financial position to manage that type of investment.
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29 April 2024 | 1 reply
Some of the before and after photos are below What made you interested in investing in this type of deal?
29 April 2024 | 17 replies
What type of properties are you looking to buy?
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30 April 2024 | 43 replies
I would try to find people who are in the position you want to be, try to provide them some type of value, and ask how they did it.
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27 April 2024 | 7 replies
Ideally, try to have many showings within the same day and on weekends.
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28 April 2024 | 14 replies
@Nathan M kieferI already get most of my bookings from Vrbo because I have true vacation rentals and not an "Airbnb" type property.So this will just make it less likely that I get many bookings from Airbnb, and I'm ok with that.
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1 May 2024 | 30 replies
Or it may be surface water flowing from another lot, or surface water piling up from rain and not soaking into the soil, which may be some type of backfill they had dumped in at some point during the construction process to grade the lot higher than it was when they bought it.
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29 April 2024 | 9 replies
And at the end of the day, I would assume these are the types of investors you want to ultimately service, since they are more likely to be actual buyers and not just dreamers.
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29 April 2024 | 14 replies
After doing this, I then run the property through Airdna.co and/or Mashvisor.com Both of these tools will give you projections of what type of rental rates, price per night, bookings, occupancy, seasonal variations, etc.