All Forum Posts by: Cameron Pletcher

@Avery Carl Thank you very much! This gives me some confidence in my business plan. 

@Luke Carl  I'm in agreement that cash flow is king. 

My thought is that beachfront property is profitable even if I'm paying market prices due to cash flow. As a buy and hold I believe that beachfront property will always be desirable and values will continue to increase over time. 

Avery,

Thank you very much for that insight. That aligns with my thoughts that in this case cash flow is key in this market type. Is there a general rule of thumb in vacation rental you follow in the amount of cash flow needs to be generated for a property to be considered a "Winner"?

Thank you again! 

Hello Everyone,

My with and I are new to Bigger Pockets and Real Estate Investment. We are interested in building a portfolio in the Gulf Shores/Panhandle FL area. 

In doing some initial analysis I'm seeing property some properties that are decent value and potentially within our budget, but are fairly close to market values. Being that I'm looking at vacation rentals and condos directly on the beach, it is difficult to find BRRR type properties, I'm calculating that if I can have vacation rentals 15 days a month on average, it provide enough cash flow that it makes my ROI worth it even though I'm not necessarily making money on the initial purchase price.

When it comes to property like this, is buy and hold strategy with the idea that cash flow is the primary profit driver valid? Or should I be attempting to underbid on the market slightly to add a little more cream on top? 

Any insight into this market would be greatly appreciated as we are new and we would be remote investing over time to build a portfolio in the area. 

Michael,

Thank you for the insight. I was doing some research and I think you are absolutely right. And as a local homeowner who has seen my house increase in value by 15% in the last year I think it is definitely a sellers market in Huntsville right now. 2-3 years ago was the time to get in.  I did start broadening my search area to Guntersville/Athens/Decatur but the number of properties out there right now wasn't encouraging especially with the pricing people are wanting for them. 

I might change directions. My wife and I would love to get cash flowing beachfront properties down in the gulf AL/FL both so we can vacation yearly and invest at the same time. 

Hello Everyone,

My wife and I are investing newbies looking to start buying and holding cash flowing rentals. The Huntsville market is our local market so that is where I would love to begin to build a portfolio. I know the area well. I'm just unpracticed in finding deals.