All Forum Posts by: Al Caan

Hi All,

So I found a property in Joshua tree for rent $1400/ month, he said I can sub lease. This would be my first airbnb and I am scared lol. He did say it’s finished but in the pictures it’s not to top standards. My question is, shall I go for it and see how it plays out, maybe do 3-6 months? Would you agree, I should do this only if I have extra residual income of $1400 month?

Thanks

I am interested in a short term rental. Does anyone here have any experience with airbnb in Orlando. Yes I do not live there but thinking Orlando is a hot market for travelers.

Do you do airbnb from another state?

Is there a lot of competition in Orlando?

Would you recommend Orlando or say stay local to LA?

I will be doing 10% down, so will it generate good return?

Thanks

Everyone thank you for your advise

@Matt Pursley

Yes I do mean other than auction and wholesaling

Thanks for your response

So to get the best deals are auction or from wholesaler, my question are:

1) how do I find wholesalers in Los Angeles market?

2) I understand one cannot do mortgage on auction or wholesale properties, so is there another way to get cheaper properties?

Thanks

@David Garner

I appreciate your help, thank you!!

How do I DM you here? I don’t see an option.

Kind regards

To find deals I assume off market are the best, correct me if there are others? but once a deal is found and you don’t have the down payment, how does someone obtain Hard Money or Private Money?

@Mark S. @Joe Villeneuve

Mark I loved your response to Joe. Joe please understand the full picture before jumping in and making other deals make no sense. You have already stated your opinion per my post and thanks.

@Joe Villeneuve

To your #3 no it’s not crazy because others don’t pay in market like this thus I would cough up everything, at least I am cash flowing from what section 8 pays.

@Joe Villeneuve

I do not believe I have mentioned in my post I have negative cash flow. Yes I am in a market that section 8 only pays a portion and tenant pays a portion. With section 8 portion i am still cash flowing.