All Forum Posts by: Kyle Spearin

Welcome to the community @Jennifer Casey. It sounds like you're already well on your way to big things--the Cape is an excellent place for STRs and I wish you the best in growing your portfolio!

@Kevin Patel, welcome to BP! As you dive in here, you're going to see so many different ways to build wealth. 

I highly recommend diving into 1 niche and learning everything you can about one rather than becoming a generalist. The same goes for finding a location for your investing. Start with 1 and branch out as you gain confidence.

Good luck!

Hi BP community! I have my real estate license in Mass and want to switch to a more investor-friendly brokerage. Are there any companies that you'd recommend looking into? 

That's super insightful! I'll keep in mind what you said about loan options.  I'm primarily looking at cosmetic rehab properties, so it's definitely worth paying attention to the age of all the big ticket items rather than the actual age of the property.  Would love to learn more about how you factor in rehab costs when analyzing the properties you target!

Hey @Steven Gastrau, I used to spend quite a bit of time in your neck of the woods--I love that area, but it is super pricey. Some ways you can find a lower entry point are to 1. consider condos in this area that have lower down pays and rent a room that way 2. Look at surrounding areas like Port Chester (though taxes might be higher) or another nearby area with lower priced houses 3. Buy the house w/ a friend so that you can collectively afford more and split everything.

It's good to know how much you can afford before doing anything though. Def recommend getting pre-approved and having discussions with lenders just to get a feel for how they think about this process as well. Good luck!

@Priya Gohil lots of great information above. There are deals in any market, but in my opinion, it's worth exploring Charlotte more-- it has a strong job market (fintech space in particular), a growing population, and it's on the border with South Carolina which is more of a landlord friendly state where you could own property. Good luck!

Does anyone have a set of criteria for how to determine how much to set aside for capex and repairs? I know it's generally 5-15% of the rent in each instance, but assuming a newer home needs less and an older needs more. Any rules of them that you follow?

Hey BP community! Looking into deals and plugging them into the rental property calculator. Was wondering if you include utilities in your rents/have tenants pay them/something else?

For the sake of this post, let's assume it's an SF property.

Thank you!

Want to create captivating content that engages your audience? I work with real estate tech startups and realtors to grow their online presence through blogging. Here's how it works:

Step 1: Identify Brand Needs

Work with you to create a buyer persona. Based on our discussion, you plan on targeting students graduating community colleges.

Step 2: Gather SEO terms

I will help you compile a list of SEO terms you can rank for more easily. Rather than trying to compete with the big names in your industry, I suggest finding less searched, more specific terms that give you a higher likelihood of getting to the first page on Google. By focusing on low hanging fruit terms in your industry, you will get more targeted traffic to your website.

In general, if you can target specific areas or even community college search terms this would be the most beneficial.

Step 3: Content Calendar

Based on the SEO research and brand needs, I create a content calendar for the month including article titles, SEO, and other research.

Step 4: Blog Post Creation

I create blog posts based on steps 1-3. This includes inbound and outbound links embedded into the content, a focus on long tail keywords, and increased volume.

Feel free to message me or email [email protected] if this interests you!

@Adam Hinman everything above is great advice, just wanted to add my take as well. I think that starting out, the best ROI come from 1 education and 2 house hacking.

Education will enable you to determine the best strategy moving forward and help you understand if you want to pursue this full time or on the side in addition to your current job. 

House hacking is beneficial regardless of what avenue you pursue and will enable you to get a low down pay loan. Checkout the House Hacking Strategy book.

Good luck!