After marketing spend for postage and gas for driving for those leads, it was about a break even Lessons learned?

Are you looking for long-term wealth accumulation, passive income streams, or short-term profits?

Leads are sometimes texting us back at the number we are calling from, however we're unable to respond because the Twilio numbers we're using aren't A2P verified. 

We come from a background managing short term rentals, rather than long term.We do a smaller refundable damage deposit of $500.

In short.....whatever you avoid in paying taxes in a 1031.....you pay when you sell the replacement property....plus whatever depreciation recapture/cap gains apply to the replacement property. 

In short, this market has a huge barrier of entry and it is capital or very strong borrowing power and usually both.There are lenders who will lend to a no exp investor, but not some 500k Long Island property that needs 200k in work and will resell for 1.2 Million. 

Typical deals like that had short-term, variable rate 3-year bridge loans.  

In September 2023, the renter stopped paying, leading to eviction in January 2024, resulting in a loss of five months' rent.

You should try to find an active investor-friendly agent who is consistently sending you deals through various lead sources they createdAs you continue to work with them, you'll build a relationship with them, and they'll send you these deals before everyone else.Another strategy you can try is looking for wholesalers.

Hi I have a question concerning a property purchased for short term rental purposes.