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14 January 2025 | 19 replies
Quote from @Miguel Del Mazo: @Bonnie Low I went to check out MiniStays a while back, and it seems like a good site.
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17 January 2025 | 4 replies
Many would suggest against RE investing using retirement money but if you go into low risk opportunities it can be a powerful diversification method.
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22 January 2025 | 10 replies
@Chris Mahoo many new investors don't take the time to properly understand RE investing.1) Many are using approaches from 2010-2018 when Class A property prices were so low from the Great RE Crash that an investor could cashflow and get pretty easy Class A tenants to manage.2) If you look at what investors were doing before 2008-2010, most were buying Class B & C rentals.To make it worth while, an investor either needs to Fix & Flip or invest & hold rentals for 10+ years.- Over a 10 year period cashflow will increase as rents increase (rents typically rise faster than property taxes, insurance, etc.)- The property should be appreciating, if purchased in a good location, increasing the owner's equity/wealth.- Rents will be paying the mortgage off, increasing the owner's equity/wealth.- If you hold a rental until death, you can pass it on with a stepped-up cost basis, limiting captial gains if then sold (limited by inheritance tax limitations).Too many newbies on this site trying to replace their day job income via "passive" real estate investing w/o digging deep enough to understand how it really works.
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17 January 2025 | 3 replies
The area has certain advantages like shelter from regulation risk (pretty much as low as anywhere in the country if you buy in the approved STR tourist zones) and long term security (people aren't going to stop going to Orlando anytime soon).
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23 January 2025 | 7 replies
I don't think enough people consider this aspect.Selling Stock: Selling part of your portfolio could work, but the 15% capital gains tax might make this an expensive choice unless the stock has underperformed or you’re diversifying away from riskier investments.HELOC: Using a HELOC on an existing property is a flexible and relatively low-cost option.
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13 January 2025 | 16 replies
Zillow says its worth $240,000, which I think is low, and would rent for over $2,000.
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10 February 2025 | 16 replies
It certainly seems like it would have really low "yes" responses, but it only takes one.
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16 January 2025 | 10 replies
Perhaps reach out to local agents who work with a lot of buyers in your market and see if any of them need a place to rent while they house shop (inventory is still low).
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16 January 2025 | 4 replies
I've seen some as low as 6k and as much as 14k annually.
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21 January 2025 | 10 replies
That's not worth 15% of the job.Another thing to consider is that some managers will charge low management fees and then add maintenance fees to bring in more income, while others charge high, all-inclusive management fees.