We need more inventory and a boost in affordability to entice these buyers off the sidelines.

Hey everyone,
I'm facing a bit of a challenge and could really use some advice. I'm determined to increase my income so I can invest in multifamily real estate, but I'm hitting roadblocks due to various limitations.
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And this is on top of the Government’s announced plans earlier this year to boost spending and demand for homes.

Any tips, tricks or strategies you're implementing on your luxury STR vacation rental that has boosted ROI? 

I listen to the podcast on a regular basis and this had boost my desire to take action so here I am.

More if I am still highly leveraged or if I want someone else to manage for me (which I will)Appreciation is likely 5% so we are looking at 12% total return. leverage will boost it to 17% or so.  

We would NOT need to order a 1007 market rent report if we had either:1st months rent and security deposit2 months of rent deposits (canceled checks)If it’s a departing residence we could only use rental income to offset monthly payment (we couldn’t use extra income if 75% of the lease was 3,000 and mortgage was only $2,500 I couldn’t give $500 of income to boost DTI unless he has moved out of the home for some time and we have 1 year of history of being a landlord (which it sounds like we do, just not sure if he’s just moving out of this home).

If you are a very dynamic recruiter and want more direct influence on those agents you can also build expansion teams again without all the risks and headaches. 

Career ShiftGetting your RE license and starting as a part-time agent is a great way to boost your income and build your real estate knowledge.

Hey @Zach Knoll,  considerations for property management depend on valuing time versus money, influenced by financial status and age.