Multi family apartments, five units or more, are usually pretty coold because you have multiple rents covering the mortgage and the expenses. Long term rentals typically involve leasing a space for around a year or longer. At the other end of the spectrum are short term rentals, which people refer to as air bam bs or vr bos. This tactic requires the most activity in the residential byan hold space,. Because it requires furnishing the property yore, making sure each set of guests is greeted and taken care of during their stay. So you're moving outside of just real estate investing and also entering hospitality industry. Right?
#384: Welcome back to the third episode in our special series, Afford Anything Presents: Invest Anywhere.
Invest Anywhere is a new monthly series that runs on the First Friday of each month. It lays out the information you need to invest in real estate at a distance.
Many of you want to invest in real estate, but you live in a high-cost-of-living area. (Ahem, California and New York). The homes in your city are prohibitively expensive, and they offer lackluster returns.
You could invest in a lower-cost area like Cincinnati, Indianapolis, Omaha or Wichita … but HOW? That sounds terrifying.
We’re here to dismantle that fear, piece by piece, by sharing our knowledge and experience.
The Invest Anywhere series is dedicated to giving you the guidance you need to make smart, confident choices about investing out-of-state.
It’s co-hosted between myself (Paula) and esteemed real estate investor Suni Rao, who’s experienced everything ranging from buy-and-hold rental investing to (accidentally) wholesaling. She’s managed short-term and long-term rentals. She’s owned houses, multi-units, and even a mobile home park.
She joins me in this episode to talk about a variety of strategies that will help you make money in real estate.
For more information, visit the show notes at https://affordanything.com/episode384
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