202Thrive - What are your goals to see 2025 as a success?

Question

What are your goals for 2025 in real estate? Getting started, acquiring more, 1031, or unloading? I'm interested to hear about this due to rate hikes and optimism in the real estate world coming in the year ahead!

We are looking to capture a rental or two and one of those possibly being another STR.

Karolina Powell · Answer

I'm looking to add another 3K in cash flow, hoping to do it with a smaller apartment building if I find the right one. I currently only have SFHs and small multiplexes. I also have one neighborhood that I am hoping to purchase an SFH as an appreciation play.

Austin Grant McDowell · Answer

@Ashley Kehr this is great to hear! I have thought about Ohio as well but may stay local and we definitely need to put time into our STR's to get them better. Good stuff and thanks for sharing!

Ashley Kehr · Answer

Hey Austin! I am pivoting this year! For my long term rentals I am no longer purchasing in New York State and I am going to be searching out of state in a more landlord friendly state such as Ohio or Pennsylvania. For my short term rentals I am really going to focus on adding improvements that will increase my daily rate and guest experience. I don't plan on adding anymore and just putting my capital into my existing STR's.

Interested to see what everyone else is planning on doing next year!

202Thrive - What are your goals to see 2025 as a success?

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