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14 February 2025 | 25 replies
If you can't do that, they make boxes you can put over the themostats in your tenants apartment, you can set it to room temperature and lock the box.
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22 January 2025 | 5 replies
Remember you will also need help with set up, hosting and cleaners.
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2 February 2025 | 14 replies
The island is not that large so if you target a specific location you like Im sure it wont be too difficult to get to know the ins and outs.
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15 January 2025 | 12 replies
Setting up direct bookings is a great way to avoid platform fees!
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27 January 2025 | 18 replies
The biggest hazard is generally the insulation falling off and overheating and setting something on fire, or arcing because of insulation gone and having the same issue.
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29 January 2025 | 11 replies
One thing that DSCR is not really set up for is if the property is "Subject to" meaning not move in ready/live able.
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3 February 2025 | 31 replies
Real estate is not a get rich quick scheme or something I would quit my day job for unless you are set up for it.
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24 January 2025 | 17 replies
Do you have money set aside?
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31 January 2025 | 17 replies
With $330/m in cash flow, unless you have sufficient reserves set aside those funds should remain as liquid as possible in the event of repairs or cap ex.
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9 January 2025 | 0 replies
Target ReturnsWhile target returns are crucial, these should be discussed only with investors—not brokers or others helping you find deals.Sample Investment CriteriaHere’s an example of well-defined CCC:Location: Primary and secondary cities in the Southeast with population growth.Type & Class: Class C garden-style or walk-up workforce housing with repositioning opportunities.Age: 1980s construction or newer (case-by-case for older).Price: $5M–$12M, requiring $1.5M–$3M in funds.Size: 100+ units.Cap Rates: Market rates.Roof Type: Pitched roofs preferred.Value-Add: Opportunities for improvements or better management.Why This MattersBy creating crystal clear criteria, you:Avoid wasting time on deals that don’t align with your goals.Build trust with brokers and partners by demonstrating a focused investment strategy.Increase your chances of finding deals that meet your financial and operational objectives.I'll be posting each chapter as I go through them so you can follow along from my notes and we can discuss different strategies.