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11 March 2024 | 12 replies
Colorado is one state I cross off my list of places to look.Too much upheaval and dislike of STRs in general.
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11 March 2024 | 3 replies
Also some employers offer summer internships so its useful to list it and target those students as well.
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11 March 2024 | 17 replies
Your either going to beat your head on the wall because of the debt and stress about it making money or stress that you paid all or a substantial amount of your cash when you go all in. i understand this will be unpopular for a lot of BP viewpoints but it worked for us, we own 2 STR that we owe nothing on now and purchased both for 670k and have a real value of $1.2-1.3mm. it requires you to put a lot of your cash back to your reserves but you have it all to do it with.Personally we believe in ourselves and our ability to pick high producing properties(that is the very first and foremost consideration) then we went all in and never looked back, 2 years later bought our second STR with mostly cash.
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11 March 2024 | 7 replies
The city is one that’s consistently listed as a top 10 2024 real estate market, the projected cash flow is intriguing ($50,000 - 25% down payment, estimated $7500 annual cash flow), both units are leased until October and December (as a potential new landlord this gives me some security), but I feel hesitant with offering on a century old property.
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11 March 2024 | 6 replies
If my tenants have a good first year, before their notice is due, I send a renewal notice that has a 1-yr option near current market rents and a 2-yr option at slightly less, and I usually include a list of nearby rents so they can see they won’t get a better rate if they move.
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11 March 2024 | 21 replies
Branson is still on my future list possibility but I will probably stick with Taney County.
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11 March 2024 | 22 replies
Access to the Multiple Listings Service (MLS)The MLS has a huge inventory of active properties on the market.
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12 March 2024 | 105 replies
Over 20,000 units at this point; he picked up 5,500 more earlier this year.
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11 March 2024 | 24 replies
We used a partnership, I had my wife listed as 51% owner as a valentines gift :)