Investment Info:

Single-family residence buy & hold investment in Oak Grove.

Purchase price: $235,000

Cash invested: $58,000

3 bed/2 bath 2019 constructed home 1 mile from Fort Campbell Gate

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Also interested in numbers, how will it cash flow given the higher cost of materials today?

It's a tough space to break into across the board.  

With raw material pricing skyrocketing lately, it could ultimately become much more expensive depending on the contractor.

I live in NJ and looking to purchase my first STR, I am just really having a tough time narrowing down a specific area on where to buy.

Don't pay anyone upfront2. price shop for all Finnish's3. talk about getting more projects to you subs so they give you a better price 4. make a home depot Lowe's etc account so they email you every receipt5. buy a dump trailer you'll dave a lot of $ in material delivery and dump costs

Don't pay anyone upfront2. price shop for all Finnish's3. talk about getting more projects to you subs so they give you a better price 4. make a home depot Lowe's etc account so they email you every receipt5. buy a dump trailer you'll save a lot of $ in material delivery and dump costs

Furthermore, the types of multifamily syndications we invest in, as well as offer to our investors, are value add, meaning that our syndicators acquire assets (generally off market) at an attractive valuation, renovate the units & common areas, implement well-reputed property managers, and increase rents to market rates, thereby increasing the properties' valuation on exit. 3.Inflation creates further increased costs for construction materials, making newly constructed homes & commercial properties even less affordable (and in less supply) and existing assets more valuable.

@Ben LorenzThat’s a tough place to start.

I view this as a mistake, but it may not be very material on paper.