An ABNB I stayed in last winter was bought the previous year for $525k, that buyer then put it on the market for $525 less than a year after their purchase--today that asking price was reduced to $450!!!

Some include 1) there are many more owner occupied home buyers than investor RE purchasers 2) adding small units in small counts is the most expensive development 3) it detracts something from the primary even if it is just yard.  

Purchase price: $490,000 Cash invested: $61,000 Sale price: $649,000 Nestled in the highly sought Silver Sands neighborhood of New Smyrna Beach, this 4-bedroom, 2-bathroom home offers the ultimate coastal living experience.

I am purchasing a Motel to convert to studio apartments. it will have 13 studios and 1  3 bedroom unit.

Purchase price: $155,400 Cash invested: $40,000 Property is located in Cuyler-Brownsville an historic district within walking distance of popular Metropolitan District of Savannah GA.I purchased the property to get started in the real estate space, however I value the walkability of the property, its proximity to parks and nightlife.Although the area is a rated roughly as a “C class” neighborhood.

It can be used for house hacking by purchasing a multi-family property, allowing one to live in one unit and rent out the others.

Different investors use different metrics to determine what works for them.

I was thought to use a letter of intent letter to obtain the house.Is this all you have to do and that bypasses the purchase agreement or do you need both?

I started researching and investing in January 2024 and purchased my first investment property in March 2024.

Our current rental was purchased for roughly $340k 7 years ago and is worth in the mid $500’s now and is paid off, and our primary was purchased for $430k 4 years ago and valued low to mid $600s and we owe $180k.Option1 we are considering are a fix and flip to provide cash for a down payment for a long term rental to allow the rent to cover the mortgage and at least break even.