All Forum Posts by: Ryan Berg
Ryan Berg has started 1 posts and replied 2 times.
Post: What am I doing wrong?
Ryan BergPosted
- Posts 2
- Votes 8
Thanks guys these are all helpful
Post: What am I doing wrong?
Ryan BergPosted
- Posts 2
- Votes 8
Hello Everyone - Newbie here(obivously). I'm trying to break into real estate. Money isn't an issue per se as we just downsized our primary so we have money from that. I get the 4 pillars and honestly the STR tax loophole is very appealing as I still have W2 income. BUT, for the life of me I cannot find any STRs that actually cashflow with a mortgage. For example the place will be $600K and generating say $40K in revenue?? Am I just doing it wrong? Any pointers would be awesome as I'm almost ready to just give up.
Is this not possible and I need to hope for the other 3 pillars to outweigh the lack of cashflow? I've looked in Frisco, CO, Traverse City, MI, Ellicottville, NY.