That International Home Exchange sounds really interesting!
I've never heard of that strategy, Seth Williams have you?
BRRRR can be extremely powerful but I agree, logistically it can be tough working with the banks sometimes.
You know, it's funny that you commented on this post when you did!
I was just having a conversation with a friend the other day about how my real estate interests outside of land has recently changed.
I'm still interested in owning apartments but I'm not as enthusiastic about syndications as I once was.
At the end of the day, Apartment Syndication is really a flip strategy.
The objective is to find an underperforming property, institute a business plan over a 3-5 year period to make it perform optimally, and then sell it for a lot of money!
I could see myself saving up and buying a large apartment building, but I think my objective would be to hold it long-term.
My land business started picking up steam this last quarter (praise God) and, unfortunately, I had to drop my involvement with Kyle Marcotte's mastermind group due to time constraints.
Since then, I've been thinking a lot about the idea of short-term vacation rentals.
I'm toying with the idea of buying a triplex or quadplex in a vacation-oriented market, renting out the majority of the units to long-term tenants, and then doing Airbnb or Vrbo on the remaining unit.
This would allow any of my friends and family to go and enjoy themselves whenever they wanted with no cost of lodging!
To me this just sounds way more fun - I mean what sounds more appealing to you?
"I'm a partial owner of a 100 unit complex that we're going to sell in 3-5 years."
"I own a portfolio of real estate that gives you a great experience in an exotic place, walking distance from the beach?"
Come on, man!
If I go this route, I could easily see myself evolving into exotic markets outside of the U.S. (like Belize maybe? )