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Real Estate Learning Community

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2 contributions to Real Estate Learning Community
Analyzing Rental Strategies 🏑
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 β€œcherry on top” 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 β€œcherry on top” 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 β€’ 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! I’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, I’ve completed several BRRR projects, and in December, I’ll be starting two renovations and a multifamily new construction. I’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 307d ago
Joined Nov 6, 2024
Greenville, SC
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