All Forum Posts by: Guillermo P Manso

Just in Cash because being from another country I rather pay in cash and ask for financing and wait too long, I will check the areas you have mentioned, thanks so much!

0 Votes

Atlanta, Georgia

Hi everyone,

I'm looking for a (STR) property near Atlanta, as I enjoy visiting the city. I'd like to rent it out on Airbnb during the months I'm not using it. My budget is around $150,000, if that's still feasible.

Can you recommend areas close to Atlanta where I might find something within this price range? I assume downtown Atlanta is likely out of reach at this budget, but I’m open to suggestions for nearby locations.

Thank you so much!

1 Vote

Atlanta, Georgia

Hi everyone,

For those who don't know me, I live in Spain and am looking for markets where I can buy a short-term rental (STR) property and occasionally stay in the apartment myself.

Since I live in Europe, the most interesting states for me, considering taxes, market growth, expenses, direct flights, and shorter travel times, are:

• Florida

• New York

• Texas

• Georgia (Atlanta)

Which of these states do you think would be the best for this kind of investment? I’m looking for a small apartment/condo under $200k with manageable expenses and good profitability.

1 Vote

Quote from @Bruce Woodruff:

I would advise against buying a condo to do STR. Especially since you are so far away (12 hrs?) It will be a rare HOA that allows vacation rentals anyway. And even if they do, they can change that at a monthly BOD meeting.

Plus, since you are going to have to hire out the 1) Property Mgmt, 2) Repairs and maintenance, and 3) cleaning, your profit margin is going to be very slim, particualry in a condo (which will have a much leaner net profit than a basic house.

Not trying to be a downer, but I'd suggest looking at another avenue for REI.

And what would be in your opinion the best way considering I am living in another country right now?

0 Votes

Dallas, Texas

Quote from @Jonathan Greene:

There are a million other things to consider trying to do STR in a condo. Does the condo complex have rent to own percentage restrictions (they all do, you want to know what percentage is allowed and what percentage it is at now)? Does the condo have STR restrictions (some only allow one-year leases)?

Since you are out of the country and seem inexperienced, when buying condos you also have to assess the viability and strength of the HOA, pending litigation and/or assessments, and parking per unit.

Thanks, yes those are the things I didn’t take into consideration…

0 Votes

Dallas, Texas

I am looking or an apartment first, I am thinking about starting small first.

0 Votes

Portland, Oregon

Hi everyone,

I’m looking to buy an apartment/condominium in the DFW area. I’m not from the US and currently live in Europe most of the time.

I’ve found some apartments that could work well for my needs—I plan to rent them out on Airbnb and reserve a few nights for myself when I travel there for work.

My question is: apart from the purchase price (I’ve seen listings on Zillow averaging around $150k in areas like downtown Dallas, Old East, and Plano), what other costs should I expect—both during the acquisition and in monthly payments?

Thank you all!

0 Votes

Dallas, Texas

All Forum Posts by: Guillermo P Manso

Guillermo P Manso has started 3 posts and replied 7 times.

Post: STR in Atlanta

Post: STR in Atlanta

Post: STR being outside US

Post: I need advice and estimate costs

Post: I need advice and estimate costs

Post: New investor....Should I buy single or multi-family?

Post: I need advice and estimate costs