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5 July 2020 | 18 replies
Or send your handyman over to the house, and have them flip off the power from the main circuit breaker box, and have them put a lock on the circuit breaker so that the guest cannot turn it back onThank you very much for your answer and all the great advices on good and useful smart electronics, that is something that we definitly would like to invest soon, those things really make a diference not only making the property more attractive with those gagdets and devices but will also be very useful in these kind of situations that we always need to prevent!
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6 December 2021 | 2 replies
My initial thoughts/questions:I would consider Airbnb, we are by no means a tourist area but we do have our visitors and our location and distance to both Milwaukee and Chicago lends itself to potential business travel.
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5 April 2022 | 2 replies
Maybe hard to do but is there an up and coming area in Georgia that will be a good tourist spot that could cash flow as a LTR?
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11 January 2023 | 2 replies
The demographic in my area that I prefer to attract would be college students as I am a recent grad and would like to help them out with reasonable housing prices as long as it is somewhat affordable for myself as well.
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11 January 2023 | 4 replies
100% - you may not attract many value-add buyers, but turnkey guys would be interested in the highest possible NOI.
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3 February 2021 | 5 replies
Mountains, Lake Front, River Front, Ocean Front, close to major attractions such as Disney.Pigeon Forge, Ocean front in Carolinas and Florida
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19 April 2022 | 0 replies
Passive Income in a tourist area of Florida.
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2 May 2022 | 19 replies
Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.
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26 April 2022 | 0 replies
I view deductions as far more attractive as they are all taken in one year vs. over time and because eventually depreciation will be recaptured (unless you 1031 forever)...so it's really not a tax break.
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9 January 2023 | 21 replies
Apartment buildings are a more advanced (and often higher-stakes) strategy than single fam/small multi-fam, so it's a good idea to get some REI experience before jumping into apartments.Not only will the experience of operating a smaller property be absolutely critical in helping you eventually manage a larger property, but that experience will also make you more attractive to potential investors or partners--if you decide to go down that road....and, as others have mentioned, study up on all the resources (podcasts, articles, youtube videos, etc.) related to whatever investing strategy you're pursuing, and start attending your local REIA meetings.