Purchase price: $55,000 Cash invested: $60,000 Sale price: $245,000 Property is on the market right now.

Hey Everyone,I’m currently gathering feedback from STR hosts to better understand the challenges and opportunities you face when using short-term rental platforms.

Ask yourself the two questions above and you will come to the conclusion that is best for YOU.

(The 2% Rule says that the gross monthly rents should be 2% of the purchase price.)

Clearing debt and saving up shows you’re laying a solid foundation, and the podcasts and books you’re diving into will definitely help you along the way.

Hello,My wife and I are new investors in the Spokane, Washington area!

The land represents ~1% of the purchaseOn the contrary - if you purchase a $2 MM shack in manhattan on a postage stamp lot, the land could represent 99%Lever 2 - % of the property with a shorter useful life.Not all parts of a piece of real estate are depreciated at the same speed.Certain personal property assets have SHORTER lifespans in the eyes of the IRS vs the standard 27.5/39 year livesProperties with tons of this often have:- Over-developed land sites (hardscaping, pools, retaining walls)- Fancy Fixtures- Fancy Furniture (STRs!)

The market price at the time was $325K and I purchased it for $208K free and clear.

We ended up filing a claim with our insurance.

My reason for the post is I am having trouble find deals whether it be Market or off Market.