My question is how long do you personally wait to see how your Airbnb venture is going to go until strongly contemplating long term?

Building permits, a leading indicator of future construction activity, were up by 1.5% to 1.80 million units.Rent costs rising over the past few years could finally be hitting the consumer's wallet in that they are becoming weaker and unable to afford higher rents.Also, looking at the housing starts data, new supply may be entering the market finally, causing prices to drop as consumers have more options. 

In today's market, it can be hard for some people to tell what they should do with a specific property. 

However, with 25 years of experience in RE Syndications, there are several major red flags I look out for:High Cash Flow.Aggressive Marketing.Lack of 100% Transparency in PPM and Marketing Material.Whenever cash flows exceed market expectations, I question the sustainability of such returns.

The reason I want foreclosure is for the equity, since they could be under market value.

I’m looking at expanding into the market Quote from @Robert Khalev: @Emily BeattyHey!

The "half assed rent collectors" you alluded to - while I don't advocate for that approach, and it's not what we do - have figured out that there is a market for exactly what they are doing.The real question is, is there a market for what you're proposing?  

update: the property was taken off market as of July 2024, unsold at the desired price. 

I'm particularly passionate about real estate hot market area.Outside of real estate, I enjoy DIY hobby that can improve property value, as growing houseplants, painting, and storage organization.Excited to learn and connect with you all!

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.