STR in Austin / Miami

[Alon A.]

Hey guys 

What do you think in general for STR in both of this cities

I came back from Miami and what ever going on there it's crazy , I also like Austin area alot but I know more regulation for STR there , in general I think the rental market in Austin it's not good

Median rent is 2-3.3K and house pricing is 400-700K  so it doesn’t worth for long term investment and cashflow , maybe only for appreciation. Unless I’m wrong.

I thought maybe to buy apartment in 400K range in Miami in some tower and make airbnb from this, I know there is huge competition but a lot of people always coming there for vacation 

what is your thoughts ? 

A bit on my self 

I have 3 singles in Dallas Forth-Worth area & 1 single Tampa area 

I sold 2 flips in Austin, TX

In DFW, I’m doing section 8 , I am getting properties with hard money loan , remodel them, and then re fi them for 30 years , I put around 45-65K for each property
I have 4 properties total that cash flowing $300, $500, $1000 (section 8) , $250 per month after all taxes, expenses , insurances , mortgages .. 

But I want to cash flow more somehow in thousands 

[Sarah Kensinger]

You have many options from the markets you're already in. Of course, STR is a totally different market then LTR, but I know people that have been profitable in each market. In many ways it's personal preference and where you can find a good deal...off-market or creative financing is the best in FL right now, otherwise the numbers don't pencil well.

Here's a few people you can connect with in the markets you mentioned....

@Andrew Steffens for Tampa

@Ryan Leake for Austin 

I have a contact in the Miami area, so DM me if you're interested.