Since there is a large volume and knowledge, it can get immense for newbies like me to know what market to tap in to since I am looking to expand my operations into long distance rentals.
I've recently just joined the BP family and just curious to know what is your market/niche in investing. What is one pro that you enjoy about your market and what is one con (or one piece of advice to avoid a challenge)?
I'm in the SF east bay area and focus on travel healthcare. One thing I love about this niche is you get to meet great people who are very professional and responsible. One challenge or piece of advice I would share is there is a high vacancy rate because status quo for travelers can change quickly. I like to fill up the vacancies with vacation guests when feasible.
@Lioneil Guevarra - I do several different things in RE. However, one thing that is my bread and butter is buying B class rental properties out of stare. One thing I love about it is equity and cash flow. One thing I don’t love is that it takes a lot of work to find and close deals so sometimes I’m burned out and don’t want buy more even though I should. So I guess that really boils down to me not having great staff, if I did i would have the time and energy to close more deals.
@Lioneil Guevarra Same here in the SF east bay. Leveraging my architecture design and construction background to pursue value add multifamily and storage deals. Got teams of contractors, PM, investors, etc to take down properties - big and small and build equity and returns.
One challenge right now is the lack of inventory...no one is selling! LOL!
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