All Forum Posts by: Vincent M.

@Chris Watson  Thanks, I am trying to soak up as much as I can while I figure out how to do my analysis and figure out what strategies work best and how to identify the right markets

@Josh Stack 

@John M.

Sorry to hijack with a question. I am spending as much time as i can reading these posts and learning right now and I have a question.  You mentioned a couple of times to stay away from the southeast coast in terms of buy and hold. Could you expand on the thought process? Is just a factor of recent price appreciation - i.e. a bubble so to speak, or are there other factors I should be thinking about. One of the strategies I am researching right now is short term rentals and am looking to identify a sustainable market that makes sense for this type of investment. Thanks

@Julie McCoy thank you. 

Thank you @Luke Carl I have connect with Avery via PM

@Julie McCoy - thats brilliant - well done  Were you able to come up with deposits for all 3 with cash, or did you get creative. That has been one of the things that I struggle with, how do I go from 1-3-5 without having buckets of cash in the bank for down payments, reserves etc

@Chris Watson Thanks for the visuals - helpful. Can you share why you would not invest in a STR in Myrtle beach? What area would you feel make more sense. Trying to zero in on couple of areas to take a deeper dive in . Thanks

Hello,  

I am trying to get started in real estate investing and from reading this forum and learning all about the different options out there, short term vacation rentals seem to coming up as one strategy that maybe worth a deeper dive. I have some experience with rentals (20 Co-op's for my In laws) and I have a SF long term rental that has ran itself for 20 years. Definitely been lucky with that.  That being said, I think I still have a ton to learn about the Short term industry

One area that keeps popping up as a hot market right now is TN, (gatlinburg / pigeon forge) which I am starting to look into.  There is ton's of great info on here on that area that I am reading up on.  I know many of you got in there over the past couple of years. Is it still considered an solid area to invest?

I guess my main question though would be what other area's should I be looking at. I would like to stay on the eastern half of the country, and I would also like to include beach areas (Vs. inland such as TN) as a comparison.  I say this assuming that in the south eastern part of the country, I would get closer to year round rental income Vs. lets say the Adirondacks in NY.   I would also lean more towards B to A class properties vs lower.  Glad to do any research needed if you guys would suggest a couple of markets where its currently feasible to run cash positive over the year (Some appreciate would also be nice).  I would be managing myself remotely so settling on an area with reliable ground teams is also important. 

Appreciate any feedback

Vincent

Always great to get good advice when you are starting out.!

Thanks for the great dialogue. 

thanks to everyone, this dialogue has been very helpful

Thanks for you input Kim, This is what we have been doing, and the costs add up significantly.  Nothing against using agents, just looking to test the waters myself, and see if it makes sense. We are in a pretty strong rental market at the moment.  Just trying to see what others do, as I know not everyone uses RE agents

I am the PM - New to this. I looked at what I was paying RE agent on behalf of landlord and figured I could cut out RE Agent as I have the time to do it.  I plan on charging the Landlord a fee for my service. 

To be more specific - are tenants ever charged the fee by the RE agent or is it always the Landlord?  I feel that I can rent without the RE agent, at least I want to test the waters, But if the RE agent wants to present someone, I don't want to pay (In fact - Why not split the fee with them if they are charging tenant)

Again - new to this - appreciate guidance