How is your investing strategy changing?

Question

We're transitioning to short-term and mid-term rentals and will be mostly acquiring single-family homes for the foreseeable future.

We're still open to acquiring long-term rental apartments with a minimum of 12 units but STRs and MTRs (corporate housing for traveling professionals) will be our focus for a while.

Is anyone else pivoting to a new strategy?? What markets are you guys in?

__________________________
Real Estate Investor | USMC Veteran

Is anyone else pivoting to a new strategy?? What markets are you guys in?__________________________Real Estate Investor | USMC Veteran

Eliott Elias · Answer

I just want more meat on the bone these days. We’re not expecting to sell everything over asking

Taylor L. · Answer

The main changes I've made are adding self storage to my portfolio starting in 2019, and shifting away from C-class multifamily into B class.

Self storage is a great asset class with a ton of potential. C-class multifamily was a better opportunity in years past, before all of the more recent cap rate compression and increases in costs of materials and labor.

Max Emory · Answer

@Taylor L., thanks for sharing! Self storage is something I plan to get into once some current ventures are built out to take less of my time. Materials and labor costs have crushed out margins in the flipping and LTR space.

@Eliott Elias, you're not alone! I think we're all searching for more meat on the bone and where the next opportunity lies.