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12 March 2021 | 20 replies
There are countless other aspects to short term rentals (designing communications to please the booking platform algorithms, copywriting, the psychology of guest satisfaction, seo, knowing and understanding the platform policies to protect your payouts, etc) but it’s very intensive to truly optimize a property and that’s where a competent management company (with in-house specialists) would come in.
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6 March 2021 | 1 reply
There are too many legit deals out there.
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10 March 2021 | 4 replies
All social media platforms are built on getting eyeballs and selling the ad space and information.
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9 March 2021 | 4 replies
If you are getting lots of hits/inquiries and they appear legit, just not "perfect" for your current tenant you may have to rethink your current tenant and if that will pose an issue for you long term.
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17 March 2021 | 27 replies
As an investor, before I became an agent, I had a subscription to PRIVY, a real estate platform specifically designed for investors.
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28 December 2021 | 7 replies
I've never had a ton of success with FB, but I was a WAY latecomer to the platform entirely, not bothering to even sign up until i had a real estate license.
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9 April 2021 | 13 replies
@Jayden Thompson Most investors with 100+ units are not spending time on BP or other similar platforms because they have other businesses or traveling, etc.
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26 March 2021 | 18 replies
Pleasure to see you on BP as we have connected on other platforms before- I am also out of the Durham/Raleigh area.I made the switch from SFR to MF for various reasons- I highly recommend the following books and resources which will give you a better understanding as to what some of the benefits are + how MF works-The Best Ever Syndication Book by Joe FairlessABCs of REIPodcasts- The Michael Blank PodcastThe Multifamily Wealth PodcastThe Multifamily Takeoff PodcastMultifamily Mavericks Podcast]My brothers and I recently started a podcast as well- The Real Estate Monopoly Podcast I look forward to staying connected!
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16 March 2021 | 16 replies
Never mind how much information is available, the other challenge is knowing whether what someone is saying is actually legit or not.Usually analysis paralysis and the feeling of overwhelm is simply because of TMI.
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6 April 2021 | 9 replies
@DeWitt GibsonAttempting to syndicate or crowdfund has become easier than ever; successfully crowdfunding or syndicating is much much more difficult.The lines between crowdfunding and syndicating are now very thin so that each contains elements of the other, a successful syndication will have an online aspect with many similarities to a crowdfunded project.For a successful capital raise in real estate, the following are essential1- A verifiable track record of success by the sponsor2- A professionally prepared Private Placement Memorandum, Subscription Agreement and Operating Agreement3- Compliance with Reg D 506 b or 506 c, Reg A or Reg A+, or Intrastate fully compliant offering4- A large majority of ownership interest and benefits going to the capital investors5- A no felony background check of the sponsor6- Specific identified properties that will be acquired7- A relatively small percentage of invested capital going for fees, costs and sponsor”s “promote”.8- A professional online “platform” with all compliant security measures9- A minimum projected return to investors commensurate with the risk 10 - Return of capital plus a minimum of profit to investors before sponsors get their cut11- A quality dealI have successfully completed over 200 syndications, each between $400,000 to $4,750,000.I have examined thousands of other sponsors offerings.