All Forum Posts by: Brian Sego

Thank you, @Amit Kal, @Luke Carl and @Julie McCoy.  I appreciate the guidance.  It sounds like the ship has sailed to speak on Nashville unless I am making a play for appreciation or looking to flip which do not meet my cash flow needs or favor my remote status (live in Central IL, current environment not favorable to real estate investing here).    I will investigate the east TN cabins.   My wife also has experience in social media marketing and online review management so I think she would transition well to those keys you noted.  

Loosely plugging some of this into a model seems like a potential  for well over 30% cash on cash return per year using traditional leverage.  Is that what you are experiencing?  As far as being remote, we have no problem making a stopover once to twice a year on the way to a family vacation and for that return can be responsive to texts and inquiries.   Are there any services such as cleaning or handymen you find harder to come by in a more remote or rural area? 

Thanks!

Brian

Cheers, BP’ers! I have been listening to the podcasts for some time now and finally looking to execute our first deal within the next 1-2 months. As my wife steps away from her job to raise our two kids we are looking to replace a portion of her income with cash flow from short or longer term rentals. We are looking at Chicago, Nashville, and Dallas given we have warm contacts in real estate in these areas and our initial analyses seem to suggest we can generate reasonable cash returns. Specifically city of Chicago and looking more metro in Nash/Dallas. We are open to putting in up to 70k as a down payment. Currently thinking Short-term rentals given the more favorable returns and fact my wife would like to dedicate some time to managing the bookings/platforms/furnishing in the near term. What is your advice? Are there tools like AirDNA we need to use for pre-purchase analysis? Should we be looking beyond these areas for better returns if we are not afraid of remote management? Any general advice? Look forward to hearing advice and contributing our own through the journey.