All Forum Posts by: Account Closed

Thanks for this! I started out looking into PCB, but I'm reading that they are restricting STR, is that right? The 30a stretch is mostly new build, which I think will eventually saturate and potentially bring nightly rates down. Would that be a fair assessment?

This is so helpful, thank you! I listened to your podcast earlier this week, which helped me nail down my strategy of starting out with vacation rentals. So much great information in that podcast!

Curious how short term rentals do along the 30a coast in terms of gross income and occupancy rate. Are there any cash flow positive rentals in Fort Walton County, if so, which beach towns are better for cash flow positive rentals? 

Is that area historically STR/Airbnb friendly? Interested in how the laws are locally for Airbnb's type properties. Do you need to register or get some type of license?

@Obi I. Thank you for a thorough reply. I'd like to be more active and eventually turn into a full time business and I'm familiar and comfortable with renovations enough for rehabs and flips. Good advice of diversifying investors. I'm not familiar with how that works, but I'm adding that to my research!

@Andrew Hogan I'm leaning towards starting out with a flip and sell to build up more capital, then move on to rentals for cashflow, but finding an all-cash buy to flip near me is impossible under 120k.

Long term would be to own multiple LTR for consistent cashflow and a STR or two that I could use as a vacation home from time to time.

I will look into syndications, thank you!

We live in Northern NJ in a house we bought 4 years ago (30yr loan, this is our 3rd house after moving for jobs). We have 3 kids and don’t have plans to move out because of my husband’s job and kids’ schools but we’re open to out of state investing.

I have about 120k saved. The virus, however, has pretty much wiped out my income/business this year so my husband’s income would be the only income to be considered for a mortgage or loan I believe.

We're open to do a flip or buy an older property, rehab and rent (either LTR or STR). We were originally leaning towards airbnb/STR in places in Florida where wouldn't mind going on vacation but open to suggestions. I'd like to have a property manager to handle the rest.

Long term goal is to build a portfolio and eventually grow into full-time real estate investing.

How would you invest the money as your first REI?