8 January 2020 | 2 replies
It lets you use favorable financing terms but start to learn the landlording business (with the downside that your tenants know where you live, but no strategy is perfect :)So I'd recommend networking with some folks and asking them what they're trying or what's worked for them, with an eye toward seriously considering that strategy as a first one to try, but being open to others of course and whatever really appeals to you.Good luck and let us know of your progress or questions along the way of course :)
15 January 2020 | 6 replies
The built in equity and velocity of money is very appealing with BRRRR, but the process sounds much more involved, especially for the first time around.
12 January 2020 | 16 replies
But we do King, Queen and Twin over Full bunkbed for our Vacation Rental which is meant to appeal to families.
30 August 2020 | 12 replies
Part of me thinks i should back off, but i would hate for her to make the same mistake as many many people around us have done. anyways i know that she does like to read and i think it'd be a great way for her to get her thinking about finances. there are lots of great books about finances but i can't seem to find one that would appeal to her. the closest i found are books geared towards educated 20 years olds with jobs, careers already.do you have any suggestion for a book i could get for her?
7 December 2019 | 26 replies
Don't know a thing about your market, but you can buy 2-4 units and they're treated as a SFR from a lending perspective so you can put as little as 3% down.Live in one - rent out the other three.If (when) a crash or correction happens, you'll be in a sweet spot as your largest expense is covered by rental income from the other 3 units.Look for some margin, so if you have to drop rents to appeal to more tenants you're not coming out of pocket.You can actually do this once a year, so in 5 years, if you bought a 4plex every year, you could own 20 units.A lot of people have posted about house hacking, there's podcasts about it and @Craig Curelop wrote a book about it: https://www.biggerpockets.com/store/house-hacking-ultimateI wish you well!
31 March 2020 | 19 replies
Does owning hotels mean you have to have a "sense" for the design of hotels, for presentation, aesthetics, etc?
5 December 2019 | 2 replies
Cash or seller financing is usually most appealing to these kinds of how owners, but that all depends on how quickly they want to get rid of the property.
7 December 2019 | 8 replies
I think for me, taking part in helping build up the local economy by investing in real estate while spreading the word in my own country about an undiscovered unique place is the appeal.
6 December 2019 | 2 replies
This being said the cheaper rent may be more appealing to the local renter.
6 December 2019 | 0 replies
Because of this the thought of turning $5,000 into $10,000, and so on is very appealing.