Hello from the Panhandle!

[Chris Odell]

Hello BP Community,

My name is Chris and I am originally from Sacramento, CA but currently living in Panama City, FL with my wife and 2 crazy Aussiedoodle puppies. I am currently on my 12th year of active duty service which has been quite an adventure! 

I purchased my first property in Virginia Beach almost 6 years ago with the intentions of living in it while being stationed there and then converting it to a Long-Term Rental. Unfortunately, I overestimated how much this property would rent for monthly and learned my lesson on doing the appropriate research on local rental values before committing. Luckily, I was able to break even and gain some equity in the home over the last couple of years. 

The second property I purchased was a single family home here in Panama City. I had the same intentions of LTR and would have been able to cash flow on the home but, with the housing market being the way that it currently is, we decided to cash out on both properties and relocate to a more desirable location with intentions of also purchasing a STR condo.

My interest and goals in real estate are Short Term Vacation Rentals, Rental Arbitrage, and possibly the occasional BRRRR in the Panama City Beach/Destin area. I am also interested in retirement account investment strategies such as through Self-Directed IRA's and Solo 401K's.

I look forward to learning from you all!

Chris