All Forum Posts by: Lane C.

@Douglas Fox great insight I really appreciate the post! Do you have any suggestions on remote non popular areas? Thanks!

@Conner Olsen I have heard that is a great location for vacation rentals! How does your property there perform? Do you know a real estate agent in that area that works with investors and has good knowledge in short term rentals? Thanks!

@Jayson Cain my main hold up with metro Airbnb is potential for greater restrictions. They perform great but they can also be risky depending on the market. How does your property in big bear do compared to the metro market properties you own? What kind of returns are you seeing and what kind of restriction concerns do you have if any? Thanks!

I am looking into buying a short term rental property. Ive been leaning towards a regional vacation market. I was wondering if anyone has a short term rental in one of these markets and could give me some feedback. I’m interested in how it does/how many beds and baths it is. Any tips or things to look out for would be greatly appreciated.

1. Pigeon Forge/Gatlinburg

2. Big Bear Lake

3. Lake Tahoe

Any other market suggestions are greatly appreciated! Thanks!

@Christian Van Dinther why did you pick granite city and how well do you know the area?

@Nicholas Aiola so theoretically if you had REP status and cashed out your retirement. Then did cost segregation studies on a few of your MF units. you could get away with only paying the 10% in taxes on early withdrawal of your retirement account ( assuming you had enough depreciation to cover the income tax you would pay on it).

@Nicholas Aiola if you qualify for real estate professional status can you use losses/depreciation to offset taxes/early withdrawal penalty from pulling money out of a 401k or other retirement plan?