As you know, as part of the PhREI network, we decided to start a weekly roundup to share new activity from across the network. Enjoy!
Ian Cook of CarpeDiem MD offers five things to consider when purchasing a short-term rental new build. This can be very stressful, so thank Ian for figuring this out for us! He lists each thing, and explains in detail exactly WHY it is something to consider – you don’t want to miss out on this. A sneak preview of those five things, you ask? Well, okay, here you go:
- How will you finance your new build?;
- Will funding a new build result in opportunity cost?;
- How will you furnish your new build STR?;
- What is the reputation/history of your builder?; and
- Does the new build still work if goes over time or budget or both?
Daniel Shin of the Darwinian Doctor is talking about how the Federal Reserve might crash the real estate market. Using evidence-based research, and his own opinion, he ends up stating that he thinks while a correction may happen, a crash will not. But, there’s a lot more detail that he outlines that I find necessary for readers to understand! Check it out.
Call me crazy, but… I love budgeting. Have you ever heard someone say that? Possibly not. But, I’m not joking! It can be so simple and easy, and you can do it too! Let me show you just how simple it can be. I’ll even give you the budgeting template I use to download for yourself. Who knows, maybe you’ll end up loving budgeting too.