All Forum Posts by: Dev Paul

Thanks @john d. for your reply. I meant 80-100k in annual rent for a 500-600k property. You say that 20% of purchase price should be gross annual rent, which is closer fo what i thought as well. But reading most of the comments here it seems that's not the case, its more like 10-15% and that too if you are lucky. Assuming netting 30% of that annual rent in net profit after all the expenses, it doesnt seem worthwhile. Unless its just a passive investment (which again its not if you are self managing). Or perhaps as someone commented you buy a run down property, fix it and then perhaps returns are little better 

Thanks a lot to everyone for their inputs. All this is very helpful. I will message some of you individually.

Thanks a lot @Avery Carl. I have been reading your many comments and i like your region too for what I want to achieve. I agree on PCB, its not that nice but numbers look good. 

Good evening all! So after lots of readings and speaking with some of the people here, Im leaning towards Florida Panhandle market as one of my top 2 choices. From what I understand, best income is to be made in bigger SFH rather than condos. Besides regulations are unlikely to change from curren as HOA doesnt come into picture. My budget is 400-550k with 20-25% down payment. Targeting properties with potential of netting 80-100k in yearly revenue. Looking to self manage. Open to do some upgrades if I get a great price. Which specific cities, towns, beach communities I should target? Any thoughts, pointers (especially from folks doing it first hand) and realtor contacts will be appreciated.

Thanks for the note @Caleb Richardson.

Also, as Im looking at current airbnb booking rates for PCB, there seems to be a sharp decline in the rates. Not sure if its because of the hurricane factor, but when i used to look last summer/early fall,  even 1b1ba nightly rates, they used to be like 125$+ and entire homes were 400-500 sometimes. Numbers now are drastically lower. Does anyone here in this forum who owns in PCB shed some light?

Thanks Eric. When you say single family home, does that include townhouses too? I was lookibg at some newly constructed townhouses in pcb selling for little over 200000 and they looked gorgeous. Not sure though how good are they for airbnb model and also not sure if there are any restrictions in that area.

@Marc Jackson, sir I pmed you earlier. Any thoughts on the current airbnb market in PCB after hurricane Michael?

Thanks again Bruno and others for your input. As its turning out, its not an easy decision and one can only do as much research. I have bought a professional mashvisor membership package to research on specific markets. Let me know if anyone has an experience using this tool. AIRDNA was far more expensive.

Hey Lucas, no I never received your PM.. i checked again..can you resend me the message? Thanks