Nevada, with cities like Las Vegas and Reno, offers a tourism-driven economy, ideal for vacation rentals, but be sure to research regulations on short-term rentals.

Selling the property offers a significant cash sum, enabling you to potentially diversify your STR portfolio by purchasing multiple properties outright, fostering a more passive income stream.

I am eager to connect with all of you and learn from your experiences and insights.I am open to any advice or suggestions you may have to offer.

Joshua,I would offer two pieces of advice the first would be to consider a cash out refinance over a HELOC.

Sanjeev Advani, a distinguished real estate entrepreneur with vast experience in property management, sales, and construction, offers crucial insights that promise to reshape how we approach investment in an era marked by uncertainty.Unveiling the Current Economic ScenarioLabelled as the most pronounced slowdown in the past thirty years, the global economic downturn has led to mature economies like the United States forecasting a mere 1.6% in growth rates.

For me I specialize in distressed properties so I get deals that are listed that no one is making offers on because of the property condition.

Once we start talking about bigger pieces of land that that woulud appear to developers (i.e. homebuilders or developers who do self storage, medical office, industrial, retail/commercial) then I usually can market to them without necessarily having to put on the market, because I know who the players are in SoCal, and that helps especially when seller doesn't want to do an exclusive listing, but will let you bring offers off market.But in general, for random pieces of land that aren't necessarily for the big developers/builders, you certainly need to put it on the market. 

I've even thought of buying a rental house to offer to a full time employee to move to this area but I'm not sure if that would just create more headaches in the long run)

We always submit lower offers but they end up selling regardless.

DSTs are considered real estate securities and are offered to accredited investors only.