All Forum Posts by: Arwin Nassiri

@Ariela Herzog Going to need to do the same in about a year or so! Let me know if you find any reputable PMs in the area

@Mayra Mangual I went with Giada!

Hi all,

I'm currently evaluating great markets for SFH investments and it seems like two that are consistently popping up are Memphis and Birmingham. Both of these cities seem to have properties that regularly meet the 1% rule.

I was wondering if anyone had any insight as to why one city may have an advantage vs the other?

@Drew Slew

Sorry for the delay. We were able to work a 50% down for 25% off deal with the developer landing at just over 80k for the condo that is about 400 sq feet. We were told we are looking at $50-75 low season with $100+ a night for high season. Fees come out to about $400 a month so looking at about 5-6 nights of renting out to break even

@Deisy P. @Drew Slew thanks for the insight! After visiting a few weeks back and scoping out some of the neighborhoods, I decided to invest in a presale condo in the neighborhood of Aldea Zama which includes all the necessities such as roads, sewage, water, proximity to beach etc. I am also currently in a position to choose between my own PM or developer PM and that is something I will be exploring within the coming weeks

@Mike Lambert thank you for the heads up, definitely something I’m going to be considering

@Nick C.those are all valid points. Thanks for sharing!

@Justin Anderson a proven developer is definitely something I hope to find. Thanks for the insight!

Hi all, newbie here with a few questions regarding investing in STRs in Tulum. I’ve been evaluating a few different recommended markets for STRs (Florida panhandle, Smoky Mountains etc) and I’ve found that from a numbers perspective, Tulum has the most potential for returns, here’s why:

1. You can buy a pre-sale hotel-condominium with resort like services and property management features for 100-150k. These have potential to easily go for $100+ a night. I don't know much about management fees, but from what I've found is that they rival HOAs in popular STR markets

2. Tulum is growing very quickly and it’s easy to find developers who are building new condo-hotels left and right. I know that supply must meet demand but it seems like the growth in Tulum has a ton of potential to aid in appreciation

3. Real-estate in Tulum has been heavily impacted by Covid thus slashing prices.

I’d love for someone to point out what I’m missing in my current analysis and let me know what the risks are