All Forum Posts by: Taylor Chiu

@Kyle Root I've never done a blend like that. I imagine it would be hard to get someone on a 6 month lease. Maybe you'd have more luck getting moderate length leases if you search for business travelers. 

Hey @Edgar Abad, welcome to BP! Real estate investing is a great route to wealth. Would love to try to answer any questions you have.

@Jannelle Hurst

I use airtable, they have some templates that are pretty user friendly

@Angelica Pisc

If it’s non Owner Occupied, your best bet is likely Penfed. Unless you have more that 3 properties

@Heval Omari

That is definitely possible as well. Obviously it will take work to get there, and one thing to consider is that The business income might be consistent for five or 10 years, but shrink after that. Whereas usually rental income should be consistent indefinitely, because people always need a place to live. It depends on what type of product you would be selling though

@Aaron P.

If 30,000 is correct, then there is enough room on the deal to make it worth it

@Aaron P.

What do you estimate the rehab cost will be? 30k?

@Heval Omari

It really depends on your priorities. If you need income quick, then buying an existing business could be worth it. If you are trying to build passive income and don’t need a ton of money atm, then a rental could be the right fit.

Bottom line is a business could generate a lot more profit, but it’s not passive and is generally riskier.

@Terry Dunlap It’s finally started to work for me. You?

@Ty Cover

It removes the loan limit on an individual va loan. I don’t think it has any impact on how many properties you can get overall.