All Forum Posts by: Greg Parker

Yep, off water, but with nearby water access and view seems to be the same ROI considering the cost of the property. Top searches at our beach place is pool, then pet-friendly, then water view, then water front.

@Juliann Morala Yep, a buyers agent that works exclusively with investors will have all the info you need and lots of options on contractors, lenders, attorneys, inspectors, property managers.

15-20% for STR and MTR here in Alabama.

We have a STR on Dauphin Island and that PM charges 24% but a "lot" of routine maintenance is covered in that.

I agree with Mark.  He covered it all.

+  Cash purchases using 1031.

+  Cash out refi on those after seasoning period.

+  Buy more, repeat.

https://www.biggerpockets.com/markets?market=Montgomery%2C%2...

The lower property taxes in Alabama can help with your bottom line.  You are in a good spot in Columbus to invest in Alabama and GA.

https://www.biggerpockets.com/markets?market=Montgomery%2C%2...

Contact

@Matthew Creel

Either should work. Also, if you form an LLC to hold the property, you will need a designated agent(attorney) in that state. That is how it is in Alabama. That may differ by state.

Negative cash flow is not bad.  As others said, if you have good equity and could sell if you get in a bind, you are ok.  And, factor in the depreciation and other tax benefits, deductions, home office, vehicle expenses, etc.  And, appreciation is always a nice bonus.

I assume a long term hold is your plan.