All Forum Posts by: Dean Smith

https://www.rented.com/125-best-places-to-buy-vacation-rental-property-2017/ Just found this as well. Looks like HHI one of the worst markets for vacation rentals.

Amy Webber , Thanks so much for the insight. It's good to get someone other than a local realtors perspective on this issue. I have looked at a few using an agent but called on another myself and that agent said the better investments were long term rentals and it was a lot less wear and tear on the property. I really wanted this to work but I'm just not comfortable with these potential condo assessments and hidden expenses that can pop up. I like your idea with using the cash flow from a property close by to fund your vacation instead. I have heard of people being successful in this niche but wasn't sure if the typical air bnb property at HHI was actually turning a profit when it's all said and done. Thank you very much for the info.

I currently have five SFR's that are all cash flowing nicely and have been considering moving into the short term rental space that could also serve as a vacation spot for our family since we are only three hours away from HHI. There has been some great threads here on the forums but I was wondering if anyone was familiar with this particular market. There are so many variables to consider. Condos or "Villas" that are close to the beach have high HOA or regime fees ranging from $400-$600 per month. That really cuts into any potential cash flow. We looked at a bunch of Condos this past weekend around the 200K range and everything seems to be pretty run down and dated. What I cant really seem to get from anyone on the ground is a no BS answer as to if the juice is worth the squeeze in this particular market. Researching Air bnb its hard to determine whats actually booked vs what the owner has blocked off for personal use. Additionally moving into the Condo space we obviously lose a lot of control over the unit and can occasionally get smacked with assessments of several thousands of dollars to make repairs. Just not sure if this is a viable option or if I am totally barking up the wrong tree. Anybody have any experience in this market? Thanks Dean

Hi, I am looking at a house that will go up for Auction in early October. It will more than likely go from $200-$240K based upon its size and location. What I am wondering is if I need to have financing all lined up or do they typically sell these as cash only? I am definitely new to this but own my primary residence and own an additional single family home that cash flows about $450 per month. Any info would be greatly appreciated.