From a Foreclosure & 200 Credit Score to Building Wealth with “Grandma” Houses
Summary
This article from BiggerPockets features a real estate investor who rebuilt her life after foreclosure and a low credit score to buy multiple rental properties. It highlights strategies for building wealth through real estate investment, including low money down approaches and credit repair. Hosts can learn from the perseverance and strategies of this investor.
Key Insights
- •The investor made over $130,000 in pure profit from ONE real estate deal.
- •The investor bought multiple properties with low money down.
Action Items
- ✓Consider strategies for rebuilding credit and stashing away money for your next property.Effort: mediumImpact: medium
Tools & Resources
- →Real Estate Rookie Facebook Group: Join BiggerPockets for FREE Real Estate Rookie Facebook Group
- →Real Estate Rookie on Instagram: Follow Real Estate Rookie on Instagram
- →Apple Podcasts: Click here to listen on Apple Podcasts.
More from Getting Started
This article from GreekReporter.com reports that Greece is climbing the European short-term rental rankings. While specific details on the rise are not provided in this short article, this suggests a growing opportunity for hosts. It implies increased demand in the Greek market, which presents a dynamic opportunity for STR investors.
Ennismore plans to expand its hotel presence in India, with its first hotel under the Morgans Originals brand, Roswyn, already soft-opened in Mumbai. Following the Mumbai debut, the company plans to open a Hoxton hotel in Bengaluru and is actively exploring further expansion opportunities, recognizing the market's readiness for a luxury lifestyle product.
The short-term rental market's growth is slowing, according to eKathimerini.com. This shift may affect occupancy rates and revenue for hosts. Understanding market trends is crucial for adapting pricing and marketing strategies, ensuring continued profitability.
Curated by Learn STR by GoStudioM