All Forum Posts by: Andrew Daughtery

Hi Rhyna, 

I live in Las Vegas and have invested here, and surrounding rural towns in NV and AZ, for the last couple years.

The short term market in Las Vegas is very tough, Clark County is pretty strict on Airbnb/STR. It is doable but you have to find the diamond in the rough.

However, downtown on the Strip, there are high rises that are outside of Clark county that I have seen do well! 

Also, the east side of town (as well as on the other side of the border in Kingman/Laughlin area) has a ton of off market properties that are great fix and flip opportunities, or even low barrier to entry LTR, if that is a route you would like to explore. 

I am also an agent in the area and would happy to answer any questions you may have about the area!

Thanks for the tips Mark! 

That is a good point about the profits vs occupancy. Do you use a certain software (Guesty, hospitable etc) to help you plan out your pricing? 

Hello everyone! 

My partner and I are taking our first venture into the AirBNB/Short Term Rental world. We just closed on a property in Glendale AZ (looking forward to Super Bowl next year!!) 

We are looking to get any tips, tricks, and lessons that people have learned throughout their time hosting AirBNB, as well as guidance from CPA's on how to manage expenses and keep the IRS happy in general. 

Also if there is anyone in the area that knows of contractors, handymen, good people to know etc we are still building our team and would love introductions. 

Thanks! 

Andrew

The 30+ day idea does seem like it could be well used, especially if we are not using it. Just gotta run the number to see the profitability of it, depending how long its rented out.

Thanks all!

Happy post Thanksgiving everyone,

My family just got a vacation house in Asheville, NC. They were reading that there is some city code there that restricts AirBNB & VRBO. Is this true? And if so, does anyone know a possible loophole for them to be able to rent it out and make a little money when theyre not there?

Andrew

Hello all,

I am thinking about getting a rental property for myself and really starting from point 0. I was wondering if anyone has had success in AirBnBs in popular vacation destinations or even something off the beaten path?

Im not necessarily looking for something that is massive on ROI, but just a place/area that might be able to satisfy monthly costs, while also being enjoyable to visit myself!

Thanks for any input!

Andrew

Hello all,

I am thinking about getting a rental property for myself and really starting from point 0. I was wondering if anyone has had success in AirBnBs in popular vacation destinations or even something off the beaten path?

Im not necessarily looking for something that is massive on ROI, but just a place/area that might be able to satisfy monthly costs.

Thanks for any input!

Andrew

I am looking into ways to increase my capital to finance a down payment on a rental property. I was hoping to get some guidance on probably some fundamental questions before going through the hassle of talking to loan officers!

I have a VA loan on my primary residence, where I have ~15-20% equity, and I also have a rental property where I have upwards of 30% equity.

Is getting a Heloc on a primary property easier/better than one an investment property? Which would be better to have the "second mortgage"?

Also, this may be getting into the weeds on VA stuff, but if I took out a heloc, would that affect the equity I have in that property? For example, if I wanted to refi into a conventional loan after taking the Heloc, would my equity be compromised I have to pay PMI?

-Andrew

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $174,000

Made the move to start my portfolio and invest in real estate! Had money saved u enough for a down payment and wanted to take advantage of low interest rates. Dallas, TX is growing and was

How did you find this deal and how did you negotiate it?

I worked a lot with my realtor and found this house on MLS. Houses were coming off market pretty quickly so it was all about being patient and finding the right one.

How did you finance this deal?

25% down with a 3.5% interest rate.

Lessons learned? Challenges?

Challenges were not being able to go out there and see the houses due to travel restrictions. I put a lot of trust in my realtor and it paid off. He was awesome and was able to make videos of his walk throughs.

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

Rob Lee (for Keller Williams Realty) is a realtor in Dallas area. An investor as well, he was able to help me with so many things along the way as a first time investor. He is very knowledgable, he provided his opinion and a lot of insights in the process. He is highly recommended as a realtor and Im excited to hopefully work with him on my next investment!