All Forum Posts by: Rob Beardsley

Hi Eric, 

Short-term rentals such as Airbnbs and VRBO can definitely be very profitable, and much more so than long-term leases. However, this is more of a hospitality business and requires much more engagement from you guys. There are ways to reduce the burden of short-term rentals such as hiring cleaning, a management team, etc. Good luck

Hi Sharon, 

I'm also from the Bay Area and definitely understand the desire to invest out of state. I pretty much only look for out of state deals. Currently, I primarily focus on Houston and Pittsburgh for various reasons but I'm sure there are plenty of great markets to invest in throughout the country, it is just important to become educated on them. Best of luck to you!

Hi Anissa,

Welcome to the BP community! Feel free to message me if you want to learn more or work together. I'm from the Bay Area and spend a good amount of time in LA. I primarily focus in investing in Houston and out of state. Good luck!

 Exactly! In order to avoid taxes without holding it long-term, it still needs to appear that that is your intention. I would suggest finding a renter for a year and then selling the home. 

When starting syndication, it is important to create a network of individuals that trust and respect you. Next step is finding a deal that you are confident in and can sell to this network. 

Hi Tia,

Sorry to hear about FHA giving you troubles. Credit unions can be a good source to explore. Good luck

What are the reasons for the market slowing down? If you believe this down turn is pretty temporary I believe its in your best interest to hold onto your home and possibly rent it out until you can get a better price. However, if there is a fundamental change in your home's market that lowers its value, it is most likely more profitable to get the equity out of your house and put it else where. 

I am from the Bay Area as well and have definitely seen the effects of gentrification. I don't see a reason why the whole bay area, but specifically the cities surrounding Silicon Valley, won't be completely gentrified in a number of years. Although I'd have to analyze Richmond and potential deals more closely to give an accurate answer, it seems that there could be great potential there. Good luck

There's definitely more to learning and experience to be had with a non-turnkey type of deal, and of course more potential profit. I think its most important to find a great deal that you are confident with, rather than pursuing a deal for the sake of getting started. Good luck!

Hi Mike,

Although profits can be made in a rent control market, I would generally advise against investing in these markets. There are more risks involved (considering new legislation can be passed that restricts rents even further). Good luck!