I was wondering how much do people budget for vacancy for seasonal rentals.

This constantly gets my name out there and now I’ve got people approaching me about moving into my units on a regular basis.

Agustin, Regardless of where you are going to invest you need a team of people around you to make your real estate investing business successful.

The owner has lost several people’s money. 

any tips or local people, would love to connect, thanks!!

I know there are risk involved like market down turn, not selling for ARV, higher than expected renovation cost, etc, but I'm really worried about people just taking the money and running away with it.

A lot of people are drawn to the guaranteed rent money but I found it comes at a significant cost and I did not think it was worth it.

The city's growing number of people and its economy might also help raise home values and the cost to rent.Start by looking at your equity, research the rental market in Lubbock, check out properties with tools like BiggerPockets rent calculator, talk to local pros, look into money options, and choose if you want to run the place yourself or get a company to do it.

I have very few people, to bounce ideas with.

Hi Casey, rental income isn't as passive as many people think.