It only has three units rented, drastically under market I might add.

Id try to market to existing operators of mini storage in the area.

Our Playlist Beta Membership gives you access to the following: 🔐Unlimited audiobook downloads of 37+ real estate investing and business books🔐Unlimited ad-free podcasts including Real Estate, On The Market, Money, Rookie Business, and DailyI'm sorry for the confusion and would be happy to clear up any more questions!

We are newer to the real estate world and looking to connect with local investors, and for off market deals from wholesalers.

@Abdul QadirTo do well in Dayton, Ohio's real estate, study the market, know the local rules, and plan for extra costs at closing.

If your market is showing SF zoned comps for a ADU addition that match or exceed hands off cost of adding a ground up single ADU, your market would be rare if not unique for CA. 

The market wants the loans.

For illustration purposes, I am based in the Philadelphia market.

Hello Everyone - I am wondering what everyone knows or thinks about rental market in Reno Nevada - near Truckee River and downtown Reno. 

Each option has its pros and cons that can impact your investment strategy and overall success.HELOC (Home Equity Line of Credit)Pros:Lower Interest Rates: HELOCs typically offer lower interest rates compared to hard money loans.Flexible Terms: You only pay interest on the amount you draw, providing flexibility in how much you borrow and when.Revolving Credit: As you pay down the principal, the available credit replenishes, allowing you to use it for multiple projects.Longer Repayment Periods: HELOCs often have longer repayment periods, which can make managing payments easier.Cons:Qualification Requirements: HELOCs require good credit and sufficient equity in your primary residence.Secured by Your Home: Your primary residence is collateral, which means a default could risk your home.Variable Interest Rates: HELOCs often have variable rates, which can increase over time.Hard Money LoanPros:Easier Qualification: Hard money lenders focus more on the property’s value and potential rather than your credit score.Speed of Funding: Hard money loans can be approved and funded quickly, which is beneficial in competitive markets.Flexible Use: These loans are designed for real estate investments, making them suitable for purchase and renovation costs.Cons:Higher Interest Rates: Hard money loans typically have higher interest rates and fees compared to HELOCs.Short-Term Loans: They usually come with short repayment terms (often 12-24 months), requiring a quick turnaround on your project.High Fees: Origination fees and other costs can add up, increasing your overall project expenses.For a BRRRR strategy, a HELOC might be the better option if you qualify and have sufficient equity in your primary residence.