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All Forum Posts by: Allison Craft

Allison Craft has started 8 posts and replied 34 times.

Post: Pickleball Court or Pool

Allison Craft
Posted
  • Property Manager
  • Tampa Bay Area
  • Posts 34
  • Votes 19

I would say pool all day to cater to families with children. The upkeep of the maintenance expense will obviously be higher with a pool, but I see it being worth it! 

Post: My first Airbnb!

Allison Craft
Posted
  • Property Manager
  • Tampa Bay Area
  • Posts 34
  • Votes 19

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $370,000
Cash invested: $65,000

Here is my link to my first Airbnb! >> airbnb.com/h/walk-to-beach-house
It went live on Feb 18th 2024 and so far I am cash flowing about $2,500 a month.
If anyone is interested in knowing more, please reach out!
I just started my first co-hosting business as well. Follow my website here >> https://craftycohost.com

How did you finance this deal?

2nd home mortgage at 8.625%, will be refinancing end of this year or early next year.

How did you add value to the deal?

Renovated the property and hired a designer to crush the design!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I live in Tampa Florida and would highly recommend working with Josh Green with Impact Realty

Post: Vacation Rental or Long Term rental?

Allison Craft
Posted
  • Property Manager
  • Tampa Bay Area
  • Posts 34
  • Votes 19

Thank you for the advice Noah! I updated my profile, I am already scheduled to meet with an investor friendly realtor in my area next week and I have been analyzing some properties just for fun using BPs calculators. 

Post: Vacation Rental or Long Term rental?

Allison Craft
Posted
  • Property Manager
  • Tampa Bay Area
  • Posts 34
  • Votes 19

Hello! My name is Allison and I am new to Bigger Pockets. I am currently educating myself on real estate investing. I am trying to figure out my strategy. I live in Tampa FL and my dream is to own a property in walking distance from the beach. I would use this property as a short term rental and use it for my family 2 weeks out of the year. I have heard there are many tax benefits using short term rentals. My husband and I currently have $100k to use towards investing in Real estate. Would you invest in a vacation home property and go the short term route, or would you invest in a single family long/mid term rental property? Or.. if you have $100k, what would you do with it as a REI?