Challenges?

Challenges?

Challenge is every tape has different dataBe happy to assist though

I have considered looking into other areas in my state that aren’t as competitive, but have also been intrigued by an out-of-state rental.My question: what experience/thoughts do others have about purchasing a property in a vacation area that will serve as an occasional vacation home for my family and myself and but will primarily serve as a rental - not sure if there is a term for it, but minimum one-week rentals and ideally snowbirds who will rent for a month-6 weeks or so during the high season.In my very preliminary research I have seen there may be some additional tax considerations but I’m wondering if this ever makes sense?

After that, it's a pretty short step to BRRRR.The challenge with starting with BRRRR is you have to be competent in all areas of the strategy, versus a traditional turnkey purchase you really only need to be able to analyze a deal.

Looks like a beautiful house, but also looks like it is priced high compared to some of the area homes.I don't know a thing about your market, but one question I would have is if a 1 car garage on a $1.4 million dollar house is a challenge?

Week 3 was met with early success followed by some loss of steam and focus. I was able to chat with a mortgage broker who was able to resolve some of my concerns. I came out of the conversation ready to go and started...

Moreover, PM is a tough and challenging business.

Challenges?

From hot markets, “Uberization” of services, consolidation of the industry, workforce challenges, and tax changes, the threats are real.