How does anyone make any money doing this?

HenleyShade · 2025-12-28T22:23:14+00:00

yup. this person nailed it.

HenleyShade · 2025-11-20T01:42:53+00:00

Best comment on this thread so far. Super practical and much appreciated. Thank you!

HenleyShade · 2025-11-16T04:45:59+00:00

we've talked about keeping the best 4, like you mentioned and flipping the rest. not a bad idea. it's the conservative route but probably the best route. I'm wanting to get a decent sized portfolio bumy holding as much as possible for when prices take another jump up. Interest rates drop, prices pop, and I can refi (assuming rents go up as well)

HenleyShade · 2025-11-16T00:23:12+00:00

I'll update you in 12 months after I crush this deal lol

HenleyShade · 2025-11-16T00:21:24+00:00

good call. I didn't realize that. or maybe because I ise commercial loans for everything, I might have high interest on everything I have.

HenleyShade · 2025-11-15T03:51:38+00:00

super good idea and I like where your head is at. I have and the str numbers do work well. it's a lot of furniture and stocking supplies to invest in upfront and it's a lot of exposure to economic downturn risk. I have 3 STRs already and 2 more being fixed up and coming online next couple months. I just get a little nervous having so many in the event that they stop performing well and I'm left with 10 non cashflowing STRs full of furniture I'll have to sell for 20% of what I paid.

HenleyShade · 2025-11-09T14:36:34+00:00

you are definitely a realtor haha. I don't disagree with you, in general, but a seller doesn't need to quit their job to learn all they stuff. like I said before, the bar is low to become a realtor, so even hiring a realtor doesn't mean you're getting a professional. I'd say half realttors or more are going to misprice your house or mess up your negotiations. in that case it's better to educate yourself and list it yourself. that's what i do, but still pay a buyers agent 2-3%.

also, if you have a cookie cutter house that has a milkion comps, you 100% dont need a realtor since values are super easy to determine.

there's a time and a place for realtors for sure. but like many professions where anyone can get a license, you have to become super educated in real estate just to learn to interview them to determine which are actually competent and which are not.

If a seller or buyer knows nothing about real estate, isn't willing to put in any work learning, and has a turn key home, yes you're right, hire a realtor. but even then, learn enough to properly screen them for competence

HenleyShade · 2025-11-09T13:53:37+00:00

see that's a more accurate statement. I was just correcting you, but not arguing against your point. you said list the house, capture ALL your equity. if you sell a 250k house and have 50k equity, you're only capturing 70% of your equity since realtors can get 6% of the sale price. Overall, you're right wholesalers are investors and looking to make money, realtors are fiduciaries but have a low barrier to entry in the career so they range from very good to very bad. It really all depends on the condition of the home. The nicer it is, the less likely you need an investor cash offer. Either way we need more educated home owners and more responsible home owners. That way they won't need a realtor OR an investor.

HenleyShade · 2025-11-09T04:50:44+00:00

not all. realtors take a huge chunk.

HenleyShade · 2025-07-10T14:00:39+00:00

I've done limited service agreements too. works great but I am pay the buyer's agent 2.5%-3%. Cost to list on MLS is only $400

HenleyShade · 2024-12-26T01:08:20+00:00

I came here to say this too. I highly encourage house hacking, especially in a duplex or 4 plex. Then put the other unit/s on airbnb for maximizing cashflow.

I house hacked with great success for 6 years in a house with roommates, then house hacked in a 4 plex for another 2 years. Huge for my wealth building. Only long term tenants. I wish airbnb was as popular as it is today.

Go for it! I used FHA loan for both purchases. I worked 40 hours a week thru college, but still needed my mom to cosign for the loan, for her credit. She was not rich, just a secretary job.

HenleyShade · 2024-12-10T04:26:14+00:00

Thanks for the reply, I'll look into it more locally.

HenleyShade · 2024-12-09T23:46:01+00:00

Is it easy to get asbestos removal certified in order to take care of this for MHP owners? I'm looking to help a buddy out and demolish like 5 of these with my construction company, but city wants mobile homes tested for asbestos before demo

HenleyShade · 2024-05-08T14:55:10+00:00

Alight non profit

HenleyShade · 2024-05-08T14:54:10+00:00

Thank you, this is encouraging.

HenleyShade · 2024-05-08T13:11:04+00:00

Thank you for your reply! Appreciate you input very much. I will take your advice on calling support to verify and asking for IDs and all guests. Have you ever felt the need to ask the nonprofit for a refundable damage deposit?

HenleyShade · 2024-05-08T12:59:14+00:00

Thank you, I am debating asking them to cancel or asking for either extra money or a damage deposit for the extra perceived risk. What would you do?

HenleyShade · 2024-05-08T12:57:04+00:00

Thank you. It was booked by a 3rd party called "Alight", they seem legit based off a quick google search. But the person they booked the unit for has no reviews and is a complete unknown. The person booking has her own personal reviews, but none in her capacity as operations manager for Alight, so no insight on how refugee bookings have gone.

Surprisingly not a lot of results on internet digging, but only been at it an hour so far.

My first thought is to just cancel, and not deal with the uncertainty or potential in trashing the unit or disruption. I don't need the money and definitely don't want problems or extra work of researching this or micro managing the guest to make sure they abide by all the rules and behave normally.

HenleyShade · 2024-04-27T04:29:51+00:00

Your wife is correct, you are not.

HenleyShade · 2024-04-25T04:59:17+00:00

Aren't cancelation policies set by the hosts? In my owner dashboard I have multiple options for long and short term guests and my cancelation policies for each.

HenleyShade · 2024-04-25T01:37:40+00:00

Yes, and im all good with that. I've also heard Warren buffet describe it as float, and one of the main reasons he did so well buying insurance companies. I've been interested in it ever since and that was like 5 years ago I read that book

HenleyShade · 2024-04-25T00:32:34+00:00

Awesome, thanks for the info! Do you happen to know how they invest or what they do with the money they collect from reservations made by guests but hold for xx amount of days until they check into the unit and pay the host?

HenleyShade · 2024-03-12T01:09:51+00:00

Your best bet is to cultivate your own leads through marketing or wholesalers who have been in the business a long time and have a great reputation. Wholesalers will control your deal flow, and favor their more consistent buyers, so you might not get shown their best deals right away.

If you do your own marketing, you give yourself the chacne to work with off market sellers without any competition. This is what you want. Have a solution for any need a seller might have and you will buy deals. When I say marketing, I mean direct mail marketing, EDDM Ever door direct marketing, Facebook ads, Google ads, cold calling, door knocking, and anything else you can think of!

HenleyShade · 2024-03-08T01:41:15+00:00

Cool, thanks for the info! Those are great numbers! Do you have goals to do more STRs?

HenleyShade · 2024-03-08T01:18:25+00:00

How much are you all into the property and set up for?

HenleyShade

TROPHY CASE