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ALWAYS Read THIS Before Investing in Real Estate!

Before you start investing in real estate it is so very important to first always read and check this ONE thing before making a move!

ALWAYS Read THIS Before Investing in Real Estate!


Welcome to the video. Before you start investing in real estate it is so very important to first always read and check this ONE thing before making a move! This one thing could easily make or break your business and your success and might even leave you with an undesirable property if you're not paying attention! YouTube Link: https://youtu.be/RlovaM2vT_E

 

ALWAYS Read THIS Before Investing in Real Estate!

1. Please read the HOA rules and regulations regarding renting!


2. Some HOA don’t allow LTR or STR some allow one but not the other and some will

specifically specify how many days it must be!


3. Not everywhere has an HOA but if they do you need to be well versed on them!


4. Don’t buy a place before reading those if you plan on using as an investment property

and can’t rent it out.


5. ALWAYS make sure the numbers make sense as a LTR before buying! You never know

what may happen.

a. Maybe HOA allows STR now but they may be able to get rid of it and you’d be

stuck with the property


6. NEVER make decisions to buy an investment property based on the STR income

possibility only do so based on the LTR possibility because they are less likely to get rid

of that over STR.


7. Our Similar Situation

We had a property that we were using as a short-term rental but the HOA decided to no longer allow it. So we are having to change to corporate 30+ day rentals and it will be cutting our profits by 90%. Luckily we knew we could list it and make a little cashflow as a corporate rental but not all properties work out this way!

 

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Carla & Conner are the mother-son real estate and design duo. They are coming clean about all of the dirty secrets airbnb hosts don't want you to know. From real estate investing, finance, business to interior design and budget friendly hacks! Carla & Conner will upload new exciting videos every week.