STR around DisneyLand (not Anaheim)

[Akash Y.]

Hey everyone, currently I have a successful Airbnb in Scottsdale, AZ and I'm looking to increase my portfolio of STRs. I'm looking at the cities around Anaheim that are close to DL. Because Anaheim will be banning STRs towards the end of the year I think some of these cities are good to target. Purchase prices are a lot... 600k+ and I'll need to put some money in renos because most homes aren't in good condition at this price.

Looking at other hosts' calender's it appears booking are pretty solid for months in advance.

What are your thoughts on buying a house for STR that's priced this high? I have the means to purchase but just want to hear some of your opinions on this strategy, location and high purchase price.

Thanks... 

[Sendhil Krishnan]

https://app.webinarjam.net/r/3/0/replay/21292/500b10a7a5/0/126830804

hopefully that link works for you. I'm curious, i've also been looking at properties in Costa Mesa, and using the following assumptions for a STR ($175/night, with 60-75% occupancy) is very difficult to cash flow the usual houses being sold for $600-800K. What sort of numbers are you looking at if you don't mind me asking?