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28 February 2024 | 16 replies
I'm considering diverse options for reinvesting the proceeds ($200k+) from a planned 1031 exchange and am open to various strategies:Las Vegas/Reno: These markets offer potential for both cash flow and appreciation, but I'd need more information on their suitability for mid-term rentals and current market conditions.BRRR strategy: This approach could be attractive for value creation, but I'm hesitant about out-of-state management and require a turnkey or experienced team to handle renovations.Other locations: I'm open to exploring other markets offering favorable investment opportunities, particularly turnkey properties or areas with manageable maintenance requirements.My preferences:Turnkey properties: Minimize management headaches and focus on cash flow.Limited appreciation: While some appreciation is welcome, cash flow is the primary priority.Shorter-term rentals: While Airbnb isn't an option in my current area, I'm open to exploring short-term rentals in other markets.Avoidance of major renovations: My recent experience has solidified my preference for well-maintained properties.Current portfolio:3 duplexes in Missouri (mixed performance)1 single-family home in Memphis, TN (turnkey, positive experience)Questions for the community:What are your thoughts on Las Vegas and Reno as potential investment destinations?
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28 February 2024 | 15 replies
Any thoughts are appreciated!
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27 February 2024 | 2053 replies
Thoughts here ?
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27 February 2024 | 12 replies
When I told her this wasn’t allowed, she asked what part of the lease prevented it (there wasn’t anything in the lease that prevented it) …needless to say, I changed my lease to clearly state that each room in the house was single occupancy, and that there were limits on the frequency of guests (you live and you learn).This is by no means an exhaustive list of house hacking tips/tricks, it’s just what came to mind…It’s also worth remembering that, even with extensive preparation, house hacking can be challenging, and things WILL go wrong (e.g.; inconsiderate housemates, broken leases, furnaces that kick the bucket at the WORST possible time, etc., etc.).
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28 February 2024 | 7 replies
Sent you a separate DM, but some thoughts. 1.
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25 February 2024 | 28 replies
What are your thoughts on what I should do?
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29 February 2024 | 21 replies
Have you thought about offering a lower rate to attract more interest?
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28 February 2024 | 3 replies
I've thought about owner financing, and a refi (not my favorite option).
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27 February 2024 | 2 replies
Thoughts?