All Forum Posts by: Erica Lee

Thank you, Chris!!

Hi Erica, nice to meet you. For your Oregon Coast search, I can absolutely help, I've been focused on vacation rental investing clients on the Oregon Coast for about the last decade. I know where vacation rentals are/aren't options from a permit perspective, and where the best ROI is.

I'd be happy to connect directly with you, if you would like to know the ins/outs for the markets from Astoria to Bandon, including Gleneden Beach (unfortunately, I don't have good news on Gleneden Beach, but Lincoln City is an option - one of the best options actually). Private message me here on BP if you would like to know more about the Oregon STR market.

@Taj Richardson, I appreciate the insight you gave over our call. It opened my eyes to newer perspectives and you definitely have a lot of knowledge in the real estate/vacation rentals industry. I highly recommend everyone to connect with you!

2 Votes

Quote from @Yu Liu:

I think it's a great way to start but obviously very market dependent.

Depending on your personality type, I would also recommend partnering with someone more experienced or hiring someone to coach you through every step of it. Happy to provide free advice if you have any specific questions!

You can also take advantage of 12 month 0% business credit cards to help you furnish the properties so you have your 19K for first month's rent, deposit and any extra expenses as a buffer.

Hope that helps!

Awesome! Thank you Yu, I will keep you as a connection throughout my journey. Do you do arbitrage yourself?

0 Votes

Quote from @Cole Sullivan:

Hey Erica!

I'm a real estate agent and investor here in Sacramento with Hardin Realty and Property Management. We manage over 100+ STR/MTR (Sacramento, Phoenix/Scottsdale, Smokies TN)

Airbnb arbitrage is a great way to break into the str space and create income. Knowing your market and creating a strategy before you begin your journey is a hard step to overcome. Furnishing an airbnb can cost around $10k-15k ( depending on how nice/big). Rents can be $2000-$3000, depending on location. Just to get off the ground you are looking at around $15k -$20k upfront for furnishing and rent/deposits. Getting professional pictures taken and securing the cleaners are a few other things to account for when doing research. Feel free to reach out with any other questions! Hope I helped

Thanks Cole! I appreciate the help.

1 Vote

Need some thoughts.

Do you guys think rental arbitrage is a good stepping stone to build some cash and experience before getting into purchasing and doing STR with a property I own? In my situation, I do not have much to invest (maybe $10k-19k) so I have heard that airbnb arbitrage could be the best solution with the proper research and strategy. Let me know!

2 Votes

Quote from @Andrew Steffens:

Hi Erica how did you come up with this list?

I hear good things about Stuart FL but not too sure how much tourist draw there is. FL in general is great (we manage 80+ here), the state affords protection from municipalities enacting new rules/bans!

Hi Andrew, thanks for the response. I came up with the list through my own research and resources. I looked at the different numbers and rankings off AirDNA as well as Airbnb itself to see how occupied the properties are doing in the markets. I hand picked the list based off the project revenue it can generate, the home prices, the market score, occupancy percentage, rental demand ,and seasonality.

0 Votes

Hello! I am doing some market research for these five locations for a potential short term rental opportunity. Please feel free to share your experiences (good or bad), any knowledge you have on the market, any regulations, or if you have any other insights! Thank you.

- El Prado, New Mexico

- Gleneden Beach, Oregon

- Wallingford, Washington

-Savannah, Georgia

- Stuart, Florida

1 Vote

Quote from @Michael Baum:

Hey @Erica Lee, I do not own a property there but have spent a lot of time in the area as well as Montana in general and am pretty familiar with the market.

Prices are quite high in the general area close to the park. You are looking at 600k as an average price in West Glacier for example. There is a super cool house inside the park for sale right now...9.9m bucks. That is a lot of cheddar.

Whitefish is nice, super trendy. Average price is $965k.

It isn't going to be easy to cash flow in the great Glacier area. There are some places available that are under 500k but they look pretty rough or mobile homes.

It is a great area but I don't see it cash flowing at this time.

Hey @Michael Baum, thank you for the insight. I was also looking at the west Glacier Area as well as Whitefish. Some STRs seem to be performing well whiles others are sitting there.

0 Votes

Hi! Has anyone purchased a property in the Glacier National Park, Montana area? What was your experience like and how is your property performing? Love to hear about it.

0 Votes

I could use some advice.

Starting a STR business, would it be worth to invest in a course and one on one mentorship with someone who has successfully done it and has multiple student success testimonials?

Let me know if you have ever signed up for a course and gone through a mentorship program! I am interested to hear about your experience.

0 Votes

Quote from @Nicholas L.:

@Erica Lee

arbitrage is a business and you don't own the RE.

house hacking - you own it.

What is the different between house hacking and buying a property and putting it up for rent?

0 Votes

Orange County, California

All Forum Posts by: Erica Lee

Erica Lee has started 5 posts and replied 16 times.

Post: STR in these Areas

Post: Airbnb Arbitrage as a stepping stone into STR

Post: Airbnb Arbitrage as a stepping stone into STR

Post: Airbnb Arbitrage as a stepping stone into STR

Post: STR in these Areas

Post: STR in these Areas

Post: Looking to do STR in Montana

Post: Looking to do STR in Montana

Post: Invest in a Course/Mentorship?

Post: Starting my Airbnb Arbitrage Business