We’re in a “Buyer’s Market”…But Where Are the Real Estate Deals? (Rookie Reply)
Summary
This article from BiggerPockets discusses strategies for finding real estate deals in a buyer's market, specifically off-market deals. It touches on evaluating negative cash flow properties and provides insights into networking and MLS opportunities. Hosts can apply these strategies to finding properties suitable for short-term rentals and analyze market conditions.
Key Insights
- •The MLS still has a lot of good opportunities.
- •If you're okay paying into these negative cashflow properties because even though they’re paying a couple hundred dollars each month, they are banking on appreciation that in several years, five years, 10 years, they’ll be able to sell the property, recoup all of that money, they invested it into it, plus make a bigger return and cash out then.
Action Items
- ✓Consider networking with people who are good at cold calling and going direct to seller.Effort: mediumImpact: medium
- ✓Define what type of seller you’re looking for, because if you just do all across the board, it’s going to be a broader net and it’s going to take more of your time and more of your money to contact all of these people.Effort: lowImpact: medium
Common Mistakes
- ⚠If your focus is, I’m doing this because I want income or I want to maybe subsidize my living cost, this is a bad deal because you’re losing money.
More from Pricing & Profitability
This article discusses Kansas City's high occupancy rates compared to other World Cup host cities, raising questions about the effectiveness of efforts to increase short-term rental availability. It implicitly touches on market trends and the impact of major events on the STR market. The article likely explores whether increased rental supply can meet demand while analyzing the city's approach to STRs.
Realtor.com's report on best mountain towns for Airbnb returns reveals key locations for STR investment. The analysis likely includes data on occupancy rates, ADR, and RevPAR to identify profitable markets. Understanding these trends helps hosts optimize pricing strategies and choose lucrative destinations.
Airbnb is offering a $750 incentive for some hosts in Georgia during the FIFA World Cup, potentially boosting occupancy and profitability. This program seeks to capitalize on increased demand from the international event, offering financial benefits to participating hosts. Learn how to qualify and leverage this incentive for your STR.
Curated by Learn STR by GoStudioM