Those kinds of areas will attract worse tenants, have higher turnover and attract non paying tenants.

And, the cities they choose stand to benefit.So, to determine which metros are best-positioned to attract and support this generation, we analyzed 103 U.S. metropolitan areas with populations of more than 500,000.

So, without diving too deeply, it does not appear to be an attractive deal.

AirDNA is widely used by short-term rental investors to analyze potential deals, and they now offer a marketplace where you can list income-producing properties.

We have to take this work seriously, but that doesn’t mean freaking out and turning clients away because they can’t produce a shoebox of receipts.If you’re willing to put in a little time now to reconstruct the expenses and organize it clearly, you’ll likely be able to support the full basis or something very close to it – and that could mean six figures in tax savings.Happy to help if you need guidance on how to structure the support file or talk it through with a CPA.

Joshua, I would reconsider purchasing a property in a neighborhood where vacant properties attract druggie squatters.

To protect the 1031 status, they should hold the property for at least 1–2 years as an income-producing rental, report rental income on Schedule E, and document all activity properly.

Hey BP community,I’m exploring a creative financing strategy and was wondering if anyone here has firsthand experience with this approach — or any insights on potential pitfalls or advantages.Here’s the general idea:Use a securities-backed line of credit (SBLOC) against my investment portfolio to purchase a rental property.Once the property is stabilized (rented and possibly improved), do a cash-out refinance to pay back the SBLOC and effectively recoup my initial investment.In theory, this seems like a way to:Move quickly on deals (cash offers are attractive)Avoid triggering a taxable event by selling securitiesRetain the upside of the invested portfolio while acquiring real estateBut I’m curious:Has anyone on here actually used a securities-backed line of credit (SBLOC or similar) to purchase a rental property?

The best way to get rich and build your REI portfolio is the equity in your primary home/investment properties to buy more money producing rentals.The short term market arena is Fastly growing and there are multiple states that offer 2-4 unit multifamily rentals that you can buy for under $450K.

We use Furnished Finder to list our MTRs and typically attract traveling healthcare professionals as tenants.