All Forum Posts by: Aaron Akins

May I objectively ask what is the appeal of Broken Bow from a vacation standpoint? 

Thanks Bobby!

Thanks you your response Julee. It seems that DTI is a common obstacle with such loans.

Nathan, I'm glad to know that someone else is asking the same question! How do you recommend one 'stress test' their numbers in this particular scenario? 

Joshua, thanks for the insight! Super cool to know these things. 

Luke, my question isn't "will it make money" now - there is no doubt that you are very bullish in this market and I understand why that is. However, my question is "will it make money" 2 years from now and can I afford the mortgage using rental incomes two+ years from now! 

I think that from an investors standpoint (and calculating the risks that we take as investors) asking the second question is very valid and I'd hope most other investors in this market are asking themselves the same question.  

I can personally control my systems and I can control how I react to drunk people in my vacation rental. I can even control my cash reserves in the case a drug person decides to cause property damage. 

However, I CANNOT control the market!

I can control how I analyze the market before investing in it.   

@Collin Hays I think you opinions are very valid, for whatever my opinion is worth! You paradigm to the challenge I presented is better than my initial way of looking at the situation. If I can put a small amount down on a home and have someone else pay it off, then it's still a wonderful situation in the long run. Thanks again for sharing you point of view! 

@Jerry Calhoun...so it looks like you are getting, on average, about 57% more for your rents in 2021 for your single family home rental than you were getting in 2019?

@Collin Hays I'm a little concerned (from a personal standpoint) about this portion of your post:

"Future investors in the Smokies will not be able to count on a lot of monthly income from a property with a mortgage. The window has shut on that, as prices have soared to a point that the numbers don't work for that."

This has me concerned because I don't personally feel that investing in a property at this point in time, and counting on an increase in value of the property as the sole purpose of my investment, is a smart idea.