sisyphusprotege

6 ms·

1. 1.▲
   by sisyphusprotege 9y ago

   If I could get the bank financing, I could buy 5 properties in the market I am in and all would generate 25% cash on cash returns after a few months of renovations. With the scale I could hire full time staff and centralize laundry. And bef
2. 2.▲
   by sisyphusprotege 9y ago

   If he owns nothing and provides so little value, I would bet its only a matter of time until he is cut out of the pie.
3. 3.▲
   by sisyphusprotege 9y ago

   That is definitely not always true, and I would say its only true in the minority of cases. To make more money renting short term than long term you have to be in a very desirable location in a town/city with a lot of tourist traffic,
4. 4.▲
   by sisyphusprotege 9y ago

   > Berlin, like most German cities, is experiencing an acute shortage of affordable homes. Rents are rising at a rate of nearly 10 percent a year, even though the city has a rent cap and has introduced one of the strictest bans on holiday
5. 5.▲
   by sisyphusprotege 9y ago

   That's the kind of pluck and industriousness that made this country great.
6. 6.▲
   by sisyphusprotege 9y ago

   Person who bought an old triplex with a ton of deferred maintenance and has been running it as a vacation rental for a long time here. This is not an easy side gig. It's more than a full time job, and I have been living in one of the u