Jacob Lockard
Looking for advice to either continue my STR or sell
6 March 2024 | 22 replies
Long term wouldn't work for me currently, as the going rental rate for my house would be under what my current mortgage is.
Brian Dvorak
My Tenant Wants to Buy the Property through Seller Financing
6 March 2024 | 8 replies
Your interest rate should be higher than 6 percent.
Ardian Selimi
22 with 200k liquid looking to get my first property
8 March 2024 | 31 replies
I have 200k in liquid cash (yes this was self earned thru 5yrs of sacrifices and hard work 12-16hr days 7days a week with maybe a month in the summers as break to see family back home, but i dont want to do this forever) My dad and I want to be partners going into these deals. there is a new construction 4plex i am looking to build which will be 775k that i will put 25% down (half me half my dad) which will cash flow net 2k /mo if i rent it out LT (COC of 11% which isnt bad and apparently my agent who recently worked on a neighboring new build said the appraisal after its built is mid/high 800s, also my plan is after 2yrs to REFI at lower rate). i am considering to have 2 of the units as MTR for local nurses or construction crews which of course can increase profits much more. i also have a 3acre property that i am thinking to build small 2bd 1ba cabins and use as STR/MTR/LTR. but i am also wanting to do do STR as i love the concept and have watched Robuilt everyday learning from him. i am looking to buy land in a mountain/ski town (189k 10acres) and build a beautiful aframe and use as a STR. all these property ideas are close by to me so i will have a close look on them and will manage myself. i have just been consuming knowledge endlessly the last 3months in preparation for this decision.but as you can see my head is all over and im unsure what the correct first step will be. i have many goals and visions of what i want to do i just need some help making a correct first decision on those who are far more experienced than me in this real estate space so i use my capital in the most efficient way. i understand real estate is long game and i have no issues with that but i would like to at a minimum cashflow 100k a month by the time im 30. this is a big goal but i have 8yrs to do this. thank you for your help i look forward to the responses(side note: i am not considering house hacking as i live with my family, this will possibly be an option in the future)
Andrés Aguilar
Interested in Out-of-State Investing in Oklahoma City
6 March 2024 | 18 replies
By the Fed raising interest rates it slows those major asset purchases down... which is why you are not finding many cash-flowing deals.
Christian G Leone
Looking to Build a Long Distance Portfolio in Ohio
7 March 2024 | 17 replies
I have also worked with a lot of great property managers that charge reasonable rates and provide excellent service, and I would love to recommend them to you.
Luis Ramirez
LLC for Airbnb
7 March 2024 | 14 replies
That means you would need to refinance, usually with some down (if you don't have enough equity) and a higher interest rate.
Jhon Restrepo
Trenton and Camden , Nj , why property prices so low.
6 March 2024 | 7 replies
Hi, im a begginer, and would like to know why Trenton and Camden Nj real estate price is so low, compared to northern Nj, and maybe info about vacancy rates, and ROI ,Thanks.
Pratik Kochar
New Constructions or Older Homes: Seeking Expert Advice for Next Investment Move
6 March 2024 | 6 replies
My budget for this year in cash is $100k that can be used towards downpayment, closing costs, fix small things, property management fees, lender fees etc and rest will be looking for conventional financing as of now.New constructions offer better interest rates, minimal maintenance costs for 2-3 years, and potential for self-management due to higher rents.
James Carlson
Hot take: Personal booking websites for your STR are overrated
7 March 2024 | 82 replies
Thus the reason why most people are much more successful on one platform versus another because as your booked rate increases so does your search ranking on that platform and then it continues to fuel itself.
Cj Yu
Best neighborhood around Pittsburgh to investor who wants to buy and hold?
6 March 2024 | 5 replies
As far as picking a neighborhood, I would consider the vacancy rate and average household income.