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Heloc was a vital tool for us in this situation, but takes longer than we'd like to get paid off so we can redeploy the money.

Heloc was a vital tool for us in this situation, but takes longer than we'd like to get paid off so we can redeploy the money.

I can tell you from long experience that the best wholesalers are those who are not TRYING to wholesale, but rather use it as a tool in their kit.

This is a great forum with very knowledgeable members that will help to guide you in the right direction.The site has quite a few tools that can be helpful for new members.

@Scott KingBP calculator is really not the right tool for this - you should create a multifamily proforma on the asset and include absorption rates (how long will it take to lease up property), along with all the other factors that come into play.

Indeed is a hiring platform with a variety of tools that can help you attract great candidates.

With the help and tools provided by the BP community, I am finally getting started!

Biggest things to know are below:Find an agent like who knows the hot spots for AirbnbResearch revenue potential with sites like Airdna and Rabbu and look for a minimum 20% cash on cash returnDo market research for competition on Airbnb to know what amenities you need to stand outFind a solid cleaning crew and handyman (BP, Angi, Google, etc) as they are the lifeblood of your businessUse a pricing tool like Wheelhouse and a PMS tool like Your Porter to self-manage (no need to pay 20-25% of gross to a PM if you don't have to)Good luck and DM me if you have any questions!

Depending on your plan with the property it could be a powerful tool.