All Forum Posts by: Julia Lyrberg

If similar properties are renting at or above your price, it might be worth checking in with your management company about their marketing strategy. Are they using good photos, listing on multiple platforms, and responding quickly to inquiries? Sometimes the presentation or visibility can make a big difference. You could also consider offering a small incentive, like the first month at a discount, to get more interest. It’s tough, but hang in there!

Hi Tyler,

We can definitely assist with the refinance on the DSCR side, as our minimum loan amount is $75k.

Managing out-of-state rentals can be tough, but having a solid local property manager helps a ton. They handle most of the day-to-day stuff like maintenance and tenant issues. If you want more control, you can set up your own systems for rent and communication, but a good property manager for out of state investing is the way to go.

Absolutely! Building your portfolio one house at a time is a super practical approach. Mike Zuber’s story really shows how just getting to 4 homes can make a huge difference. It’s a great strategy for new investors to start growing their wealth without feeling overwhelmed.

What a rollercoaster! Glad to hear you’ve got the property fully occupied now and a better management team in place. Chicago’s a tough market, but looks like things are finally moving in the right direction for you. Best of luck from here on out!

Congrats on wrapping up the project! Sounds like you did a great job with the rehab and adding the extra bedrooms really paid off! The Sacramento market seems like it’s working in your favor. Good luck with the next one!

Since traditional lenders are giving you a hard time with LTV, you might want to consider a DSCR loan, which focuses on rental income rather than personal finances. As a DSCR lender specializing in STRs, I'd be happy to help you explore options to pull out your rehab money. Feel free to shoot me a DM!

Building something unique is a great idea, but it can get expensive, especially with limited funds for a future construction loan. You might want to consider buying an existing property with your $30k as a down payment. You could start generating income sooner and use that to fund future projects.

The 70% rule is great, but in markets like South Florida, it can be hard to stick to. Some investors focus on a target profit instead of strict percentages.

As for hard money, it does reduce profit, but it allows you to scale faster and keep your cash for other deals. It really depends on your goals and whether you prefer to use your own cash or leverage financing to grow.

I'd be happy to run some numbers for you!

It could be worth transitioning to a midterm rental if there's demand for that type of housing in your area, like traveling professionals or remote workers. Midterm rentals often offer higher returns than long-term rentals, but you'll also have to manage more frequent turnovers and potential vacancies. I’d check the local market to see if there’s a steady demand and compare the potential income with what you're making now to see if it's worth it.