How to Find Great Real Estate Deals in 2026 (Before Anyone Else) (Rookie Reply)
Summary
This BiggerPockets article offers advice on evaluating real estate deals, including short-term rentals, with a focus on metrics like cash flow and cash-on-cash return. It stresses the importance of defining your investment goals and understanding local regulations regarding short-term rentals before making a decision. The article also touches upon the pros and cons of using a general contractor for renovation projects.
Key Insights
- •When evaluating a property as an investment, consider cashflow, cash on cash return, and appreciation, and local regulations that might impact short-term rentals.
- •Defining your 'buy box' (purchase price range, desired market, number of rooms, and other criteria) can help streamline the deal selection process.
Action Items
- ✓Research local regulations regarding short-term rentals to understand any restrictions, permitting requirements, or potential impact on your investment.Effort: mediumImpact: high
- ✓Before investing, define your investment goals, consider your available time, and determine your risk tolerance.Effort: lowImpact: high
Common Mistakes
- ⚠Failing to check local regulations and permit requirements for renovations can lead to complications and financial setbacks.
More from Regulations & Compliance
The Green Bay Common Council will consider changes to its short-term rental ordinance. This could involve new regulations or revisions to existing rules. Hosts in Green Bay should stay informed about potential updates and how they might impact their operations.
Local commissioners denied a short-term rental application, suggesting potential regulatory hurdles for new STR operations. This indicates increasing scrutiny on STRs within this locality. Hosts should be aware of potential local restrictions and permitting requirements before investing in or launching short-term rentals.
The Green Bay Plan Commission is updating its short-term rental ordinance. Details are not given, but this news signals potential changes for hosts in the area. Hosts should stay informed about the new regulations to ensure compliance and avoid penalties.
Curated by Learn STR by GoStudioM