The better the experience, the higher the price tag.Investors who take the time to design with their ideal guest in mind don’t just get better reviews—they command higher rates without competing on price.Think of the BEST review your STR has received.

You’re 3+ hours away, so relying on a management company is smart, but they’ll need to be on top of things to handle noise complaints, damage, or flaky rent payments (some students lean on parents who might not always pay on time).

It’s harder to BRRRR in the Tulsa area now due interest rates, you definitely have to buy at a great discount in order to be all in low enough toget all of your money out and the rents have to be high enough to still cash flow after all expenses (PITI, Mgmt, Vac’s, Rep/Maint, CapEx, HOAs, Util).Based on being “all in” $120K in order to BRRRR and still cash flow at least $300 mo:$120K cash out amount - at 7%/30 yr ($150K+ ARV)PI = $800 mo + Taxes $150 + Ins $150 = $1100mo PITIRENT would have to be at least $2000 mo- $1100 PITI- $200 mgmt (even if self mng, it’s exp for time)- $200 vacancies- $200 Rep/Maint & CapEx= $300 mo cash flow.

Keep taking action and at the same time be patient :) 

I am 67 and retired as one of the top Business Development entrepreneurs in the United States so this is a fun way to give back to the industry while changing it at the same time it needs it.. and it is that simple. .

I appreciate your time.

You’re able to learn the basics of a real estate investment with lower risk and build equity at the same time.

The city of chicago does not come out every time to read the meter for the water bill so they produce an estimate.

I’d definitely love to set up some time to discuss and deepen my understanding of the lending side of real estate investing.Wishing you a wonderful weekend!

When I go to events like this, I do go to some of the sessions, but most of my time is just sitting in the lobby chatting with people.