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Real Estate Learning Community

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2 contributions to Real Estate Learning Community
Analyzing Rental Strategies ๐Ÿก
Great question was asked in our community here on whether or not numbers should calculated for long-term rental or for section-8 to be a deal. You ALWAYS want to run numbers as a long-term rental and make sure the deal is profitable there first before other strategies. One of the biggest mistakes I see new investors making is looking at a deal that does not cash flow properly as a standard long-term rental and so in order to try and make a deal happen, seeing if they can create a better cash-flow scenario by running numbers as a mid-term rental, or an Airbnb, or a wrap or section-8 or rent by the room, etc. These are all โ€œcherry on topโ€ exit strategies. What if you are struggling to find a wrap buyer, what if mid-term tenants are not showing interest, what if Airbnb is no longer allowed where that property resides? When all of the โ€œcherry on topโ€ strategies are not working, having a property that can properly cash flow as a standard rental will always keep the deal profitable worst case scenario.
1 like โ€ข Dec '24
Well said! Always important to have multiple exit strategies for proper risk management.
Hi, I'm Miles (the other one)
Hi everyone, it's great to meet you all! Iโ€™m an investor and developer based in Greenville, SC. I spent most of my career in B2B tech sales with IBM and Google, but over the past few years, I began acquiring long-term rentals (LTRs) and short-term rentals (STRs) on the side. I recently made the leap to full-time real estate investing and development. This year, Iโ€™ve completed several BRRR projects, and in December, Iโ€™ll be starting two renovations and a multifamily new construction. Iโ€™m excited to connect with everyone here, share ideas, and contribute value wherever I can.
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@miles-madden-6216
I'm a full time real estate investor and entrepreneur. I enjoy hanging out with my wife, daughter and family.

Active 469d ago
Joined Nov 6, 2024
Greenville, SC
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