All Forum Posts by: Leah Smith

Hi Susanne, I am happy for you that you are going to start on your second STR. I did some research back then for Denver. I thought they don't allow STR unless the property is your primary home? It doesn't make sense to me at all, unless they only allow STRs if you live on the property? I would love to know more if you can update later. Thank you and good luck!

Hi Adam, because there are lots of STRs on the market, so you see regulations are tighter and tighter. STR used to be profitable because there were not a lot of them, but in today's market, your ordinary STR won't work just because there are so many of them. If I were you, I would wonder how I could make my STR stand out from hundreds of others in the same market.

Hi Arina, it is absolutely still positlble to invest in the current market, you just have to work harder to do your reach. I have found 2 duplexes in oregon that would generate $100-$200 cash flow per month, I know it is not a lot, but it is still better than nothing:)

Finding a great fourplex with potential is exciting, but be cautious. Research the area to ensure it's genuinely improving and check why the property is vacant—it could indicate issues or just an opportunity to add value. Get a thorough inspection to identify necessary repairs and calculate potential rental income versus costs. Make sure you have funds to cover expenses if finding tenants takes time. Develop a solid marketing plan to attract tenants post-renovation and consult real estate experts to better understand the property’s potential. These steps will help you decide if it's a sound investment.

Yes! Real estate investment is a long term game. I would say if you are ready and comfortable then you go for it, we can never time the market! 

Maybe my advice is not the best, but I wish I had bought my own primary residence before I started my investment journey. That way, I wouldn’t need to worry about my primary home anymore, and I could just focus 100% on my investments.

Buying property with all cash has its perks, but it's important to weigh both the pros and cons. Here’s a quick rundown:

Pros:

• No Mortgage Payments: You won't have to worry about monthly loan payments.
• Full Ownership: You immediately own the property outright.
• Flexibility: You can easily choose to live in it or rent it out.
• Savings: No interest payments or mortgage fees.
• Negotiation Edge: Sellers often prefer cash buyers, which can help you get a better deal.

Cons:

• Opportunity Cost: Your cash is tied up in the property, so you might miss out on other investment opportunities.
• Liquidity: Real estate isn't easy to convert to cash quickly.
• Risk Concentration: Investing a lot in one property can be risky.
• Ongoing Expenses: You'll still need to cover property taxes, maintenance, and insurance.

Do whatever makes sense for you! Every investor's approach is different.