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27 July 2021 | 18 replies
Your particular DM "effort" had not been presented previously, but it's easy to see why it did not work out as others have pointed out.I'm sorry you way overpaid for your list, but most can tell you just one and done isn't going to produce much...what we're talking about is not much like a vending machine; more like farming.
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31 August 2022 | 10 replies
It is a really solid area - great location to attractions, shopping, food and family fun.
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26 July 2021 | 6 replies
If you wait 6 months, you do not have to produce receipts and payment to contractors for repairs.
27 July 2021 | 2 replies
If it were strictly a residential home in a residential area, I couldn't attract commercial buyers or investors looking for a short-term rental, both of whom tend to have more capital and are willing to spend more to get what they want.
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1 August 2021 | 15 replies
You’re going to need to find something transactional to produce the income you will need to do what you want to do.
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27 July 2021 | 8 replies
We have narrowed our interest for a first property to SFR or small multi-family buy and hold, but we are open to learning about STRs (near the attractions) in the future.
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30 July 2021 | 6 replies
CONSLower revenue potential vs B & BStill need to get the B & B license (and still need to provide "breakfast" even coffee & donuts)STR biz model would mean much hight taxes vs B & B business (from what I understand)HUGE Airbnb competition - area is highly desirable but oversaturatedPROSGreat revenue for an under $500k total investmentQuicker ramp up to produce revenueCan become passive much sooner than a B & B OPTION 3.
28 July 2021 | 2 replies
Hello,My rental ad on Zillow rental manager did attract multiple prospective tenants but they fell under the following four categories:1) Tenants with pets2) Tenants who were bargaining a lot.3)Tenants who had weak financials but willing to pay rent inspite of their income well below 3x4) Few tenants whose profile good on surface but their phone numbers were flagged as "scam likeli"I personally am not comfortable renting to all the four categories listed above so it has delayed finding a tenant for me besides I haven't been very aggressive pursuing tenants as I had plans of selling .Now I have decided to postpone selling, what are the other best ways to find tenants quickly.
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15 January 2022 | 4 replies
Dividing that by 2 isn’t likely to produce enough of a return to make it worth anyone’s time.
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3 August 2021 | 6 replies
I just helped 2 other BP members close on their income producing properties here in Boise.