Any favorite places to source demographics like jobs and job growth?

And if you want it you can create it in an hour for a few bucks.Maybe this STR is the outlier, but for most STR's the "business" is not like buying an e-commerce site or a photography business. 

So my last post on BP, I was asking for advice purchasing a very old rental in a D area.. Since then, I've saved some cash and reevaluated.  I've found a really clean triplex 1 city over, more then I wanted to spend b...

Or like 20 units If each unit would potentially cashflow $250 a month.In the spring of 2022 once the rehab is done and we are able to add some curb appeal to the property I would like to get a HELOC on it as we basically dumped all our liquid savings into it at this Point.Im hoping that it will appraise somewhere in the 290K-300K range with us buying under appraisal value, put 60K documented into it and added a beedroom and bath.

Check your O&E report or online assessor records to make sure they match up.Some descriptions are the metes and bounds type, which it sounds like is a particular requirement for the county that Chris was looking into.

This is taken directly from their guidelines: "Method for Calculating the IncomeThe method for calculating rental income (or loss) for qualifying purposes is dependent upon the documentation that is being used.Federal Income Tax Returns, Schedule E.

No need to create a business entity, for those who are truly small (just be sure to beef up your insurance, if you don't have at least a properly run LLC, which will cost you a few hundred a year - the insurance is cheaper for those with one or two places and who own a house, cars, boats or have liquid assets other than IRA/401K -- which are somewhat protected).

Have 18k liquid and 45k in stocks, plus receiving another 18k in stock from my job next week.If this is not typical should I just call lenders in my area and ask them what their loan terms are for the two different types of properties?

Check out my personal favorite, Set For Life by Scott Trench , or The Total Money Makeover by Dave Ramsey. 3.

By far my favorite option, but will require the highest down payment and probably the highest mortgage payments. 2.