Greta Andrews
REI vs business acquisition
6 October 2024 | 1 reply
Some investors do both, using their real estate holdings to fund business acquisitions or vice versa.Ultimately, it’s about aligning the strategy with your expertise, risk tolerance, and lifestyle goals.
Naveen kumar Vadlamudi
Office Building in Small Town - Analysis Feedback
7 October 2024 | 3 replies
I like the multi unit office model, like multi family it brings down the vacancy risk, but also, in a small town I'd be looking at growth trends, incoming investments etc to confirm that use case for the long term.
Joseph Scorese
Building a Scalable Real Estate Business Strategies
6 October 2024 | 1 reply
Financial Modeling: Develop financial models for every project, forecasting ROI, cash flow, and risk scenarios.
Cody Anderson
How to Co-Own a Home
5 October 2024 | 0 replies
My goal is 1) to help you build the case (and financial model) for shared homeownership using real-life examples and 2) to get feedback from folks outside my network on the process i've created.
Mike Fingleton
Scandinavian strategy applied in the US
7 October 2024 | 3 replies
( https://www.imdb.com/title/tt1613092/ ) on Netflix with a professor, Daniel Gilbert, from Harvard University.He and I got connected here on another buy-and-hold project but shared this approach, and it's got me wondering - could this model work here the U.S., especially in places where there's a push for sustainable and community-focused living?
Morgan Bergoon
Experience with TurboTenant?
7 October 2024 | 11 replies
I use turbo tenant on my rental because I like the buffet style business model.
Amos Smith
Price Reduction From Vacant Lot Loss (Advice Please)
8 October 2024 | 9 replies
Mirroring what another said... price per lot model.
Samuel Koekkoek
Need Advice: Renting vs. Buying in San Diego with $1.5M in the Bank
9 October 2024 | 13 replies
Save, save, save.Engage a PMC 6-12 months before you move and switch to LTR model.
Meghan Begue
Is Colorado's Multifamily Market Still a Good Bet for New Investors?
6 October 2024 | 12 replies
However, there are some challenges to keep in mind:Regulatory Variations: Regulations can vary widely between locations and are constantly evolving.Active Management: STRs require more hands-on management for guest turnover and communication.Additional Costs: Don’t forget about expenses for furnishings, cleaning, and possibly hiring a property manager.If you’re looking for STR-friendly areas, consider these locations, as others can be too expensive to consider, such as Snowmass Village or Aspen:Breckenridge: The most visited ski resort in North America, attracting around 3 million tourists each year.Steamboat Springs: A popular year-round destination for winter sports and summer activities.Keystone: Great for those wanting a less crowded resort experience.Divide & Florissant: Charming mountain towns close to Colorado Springs.Fairplay: Just 30 minutes south of Breckenridge, with an impressive 82% Airbnb occupancy rate.Cripple Creek: A former mining town now known for casinos and outdoor activities.Park County: Very Airbnb-friendly, though regulations may change.Here are some strategies to help you succeed in the STR market:Hybrid Model: Consider using some units for STRs and others for long-term rentals to balance income.Research Local Regulations: Always check the current rules in your target areas before investing.Year-Round Appeal: Focus on locations that attract visitors in all seasons.Quality Furnishings: Invest in quality to justify higher nightly rates and attract better guests.Dynamic Pricing: Use pricing strategies to maximize revenue during peak seasons while maintaining occupancy in the off-season.Stay Flexible: Be ready to adapt your strategy as the market and regulations change.While Colorado’s STR market offers exciting opportunities, it’s essential to approach it strategically.
Jonathan Greene
Why The New Mandatory Buyer Agency Agreements Are Going To Help You as an Agent
5 October 2024 | 1 reply
Smart sellers will eventually offer better comp because they know they will get more showings since buyers can note on the buyer agency agreement that they don't want to see homes that don't offer compensation for their agent.Take the ruling as a time to adjust your business model to less spray and pray (work with anyone) and more tailored clientele with a concierge feel.