STR in Galveston -is now a good time?

[Vin Somra]

Hi Guys, I've been soaking up all things STR. I really like the higher cash on cash returns. I have great credit and cash to invest into a downpayment. Is galveston still profitable or should I consider other markets?medical center? If anyone can provide me resources(cleaners/handyman/design) or I can get advice from boots on the ground on current market conditions that would be very helpful. I am a professional so I can't do all of the work myself and would use the automation tools(hospitable/IGMS/turnoverairbnb) to manage along with maid service/handyman.

[Sean Bramble]

Hmm ... hard to say bc it's obviously deal dependent, but if you're focused solely on Texas beach markets and prioritizing cash-on-cash returns check out Aransas (near Corpus Christi), Surfside, Gilchrist and Bolivar (all near Galveston), and Port Isabel (near South Padre). That said, if you're willing to venture a bit outside of Texas you should check out Gulfport/ Biloxi, MS which is one of the best beach markets in the US for cashflow today. I also think there is a lot upside in these markets for design-centric listings - these are mom and pop beach communities desperately in need of new investors breathing life into the area. Caveat: check local regulations on all of these places by calling town halls directly. Assuming you're good regulation-wise, I'd recommend setting up searches in all of these areas, underwriting properties as they hit your inbox, and eventually pulling the trigger on whatever seems like the best deal. Good luck!