All Forum Posts by: Candace Pfab

Hey Matt! We do have some investor clients using VA's. Happy to try to help you find a connection. Just give me a ring!

Great job Ramon!  So happy for you & Sandra!

Condos provide a great entry point for new STR investors in our area. They are much easier to manage from a distance and easier to establish a budget. Many new investors can't or don't want to start out at a $650K price point which is what you typically need in the Gulf Shores area for a decent SFH close to the beach that will rent well. While there is risk of a special assessment by a condo association, there are ways to mitigate that risk with your due diligence. Single Family Homes can have unexpected large expenses too for repairs or a huge increase in insurance which we have seen a lot of in recent years. With a condo, maintenance & insurance expenses are split amongst the units. Yes, you have less control, but if you stay informed, there should not be a lot of surprises. We have owned 4 beach condo STRs since 2009 & never had any regrets other than I wish I could have bought more in 2009 ;) You just have to determine what works best for your scenario. Also keep in mind that your first STR investment doesn't have to be your forever investment. Buy wisely & then you can trade up as you go along. Hope this is helpful!

I would be happy to meet up with you in the Orange Beach area! We specialize in working with BP out of state investors who are new to the STR game.

 Great move Travis!  Let us know if we can help you learn more about this market!  It's a great place for living & investing!

There is very little available here in the way of townhomes that are STR friendly. STR friendly beach homes rent well because you usually have more flexibility on maximizing bed count & parking, but when you compare insurance costs on a single family home vs condo fees, the condo fees become more palatable. Yes, you need to perform your due diligence on the association, but the price point of the condos is usually an easier entry point for a lot of buyers. It really comes down to what price point works for you and choosing the right lender if you go the condo route!

I can help you with that if you want to send me a PM so that I can email my list to you!

Stephen, we have been investors in this market since 2009 and have helped many other BP members invest here.  Happy to share our experiences with you and help you understand what properties are most likely to be cash flow positive with professional management.  Will send you a colleague request!

 I have several.  Feel free to PM me & I will be happy to help!  It really depends on what kind of product you need!

Hey Brandon!  Just sent you a PM with a few resources that might help.  Facebook groups a great way to attract snowbirds & there are a couple of local websites that might be beneficial!