All Forum Posts by: Avery Carl

This is a very different model than the owning your own asset and managing yourself to optimize cash flow like in Short Term Rental Long Term Wealth, but it is a legit syndication.

I have not personally invested with them but I know their head of data very well and I have seen that their underwriting is RIGOROUS. So I do believe they are buying right, although I can't speak to how they value at exit.

Of course, do your due diligence on any syndicator that you plan to work with, but from what I have seen, Techvestor is the one of the very few (maybe the only) one I have seen actually execute a single family STR syndication. But again, I haven't invested with them so I can't speak to the actual returns that people have seen. Just my 2 cents.

@Joe S. Imagine being an aging mom with a pile of laundry to fold going online at night and finding an entire thread of dudes dedicated only to you. I'm flattered. 

You are really giving me too much credit. @luke carl and I wanted to provide a better life than our previous w2's were providing and we did that. We have a multi-asset class portfolio and several real estate related businesses. That's it. We happened to be able to jump start that with short term rentals. I am not Oprah Winfrey or *insert powerful woman's name here,* who can do things like influence government entities to raise or lower interest rates or interfere with natural market cycles. Just a mom getting to the age where I have inexplicable knee pain.

We were not the first people to invest in vacation rentals (they've been around since the 1930s), and vacation rentals are not over. Just like single family LTR and just like multifamily. Markets are cyclical, and that is that.

At the end of the day, there are 2 facts here: 1. Real estate markets are cyclical and we are in the bottom of one. and 2. Some of us work as hard as we can every day for the best life possible, and some of us take time out of our day to try and dunk on a random mom with a real estate portfolio.

My message is not "go buy a bunch of short term rentals and get rich immediately." My message is "I am just some rando who was able to build the life I want for my family, and if I did, you can do it too."

Hi Zachar! The name of the game these days is really setting yourself apart from the other rentals. Anything in the triangle between sevierville proper, Pittman center on the East, and Townsend to the west is going to be in the buy zone, but of course it will also be a case by case basis. The less unique the property, the closer to either g burg or pigeon forge you’ll need to be.

Thank you for reading it! The truth is, there is no road map. Your journey is going to look different from mine or anyone else’s. There are still sub-$300k markets out there. But at the end of the day, you have to keep using the same strategies you used to save for the first one once you have the first one. Keep the second jobs or the extra hours at your current job. @luke Carl sold his hot rod, I sold a bunch of guitars and a rare Marshall silver jubilee 25/50 amp (just like slash played on appetite for destruction while we’re talking about GnR. We Penny pinched ourselves to death. And add all that to the income from the first one and just keep grinding til there’s enough money for a second. 

I wish the advice was more glamorous or slick like a lot of the gurus will tell you. But there’s your road map! Happy to chat if you ever want to!

Some of those areas can be really good actually. The hill country is by nature a long weekend destination. You should have better than 50% occupancy but almost all markets have a high and low season. You just have to look at the annual income and determine if it makes sense. 

@Derek Tellier owns STR's and has done the Dragon 1,000 times. He may have some insight into that.

Great advice. Too many people think STR is get rich quick. All real estate, even STR, is a long term play. Get rich slow.

Gulf Shores is a better market for STR than Gulfport. Touristy is a good thing for STR's. Speaking as a native Mississippian, people who are looking for a beach vacation go to Gulf Shores or the FL panhandle where the beaches are much nicer. The water in Gulfport is brown and murky because the Mississippi River empties into the gulf right there.

@Dylan Robinson and @Collin Hays both manage a number of properties in the area and can provide some insight on this.