All Forum Posts by: Jerry Bankhead

Besides RV parks being either no spots available or pretty expensive, $400 - $500 month here in the Temple and Belton area when we where looking for a site for a friend, I would think most places would not allow to sublet the RV Trailer for AirBNB Purposes.

Outdoorsy, RVEZY, American Adventure RV, will all allow you to post it for rent on their sites with pretty good results from what I have read.

@Charles Phanumphai

Looking to buy in Crystal Beach as well. In fact I was just there this last weekend looking at places. And the beach was still very busy.

Prices are better than in Galveston and even Port Aransas, but Crystal Beach doesn’t have the “other than the beach” tourist draw that Galveston and Port Aransas currently have. But that could be another whole investment opportunity in itself

Because of the lower number of available units , the AirDNA data is better for Crystal Beach. - higher occupancy rates and higher monthly revenue average- and the rental market continues to increase there. I too am a little concerned of the sheer numbers of homes available for sale currently there. But the realtor I have been working with says the tourist industry is still strong and the off season continues to shrink as people are coming for weekend getaways later into the winter months

I think it’s going to be a great opportunity

Jerry

Following..   Wanting to purchase on Bolivar Peninsula myself   Looking for a beach home for personal use and AirBNB

Does anyone have an opinion between STRs in Port Aransas compared to Crystal Beach (Bolivar Peninsula). Looking to purchase soon, and struggling to decide between the two. Port A much more touristy and established as a tourist destination in Texas for the beach atmosphere. Crystal Beach doesn't have a lot of reviews and data as far as AirBNB since most of the peninsula was completely washed away by Hurricane Ike several years ago. 

AirDND shows Crystal Beach actually has higher % of occupancy between January and July 2021 Port A shows 56% with 2700 active listings compared to Crystal Beach at 67% with only 900 active listings..  same daily average rate of $374 ....  

   Any Opinions ??

Cant speak for Brownsville, but for my hometown of Mcgregor, Tx. the housing / rental market isn't as booming as one would think.  And, most of the people living in town are not thrilled about Space-X being there because of the regular noise and vibration from the constant engine testing. I live in Temple now, but my parents still live in the house they bought in 1978, and its only about 5 miles from the facilities and there are many times the vibrations rattle the pictures on the walls ....

I would focus 10 miles or so out ...  seems to be the sweet spot for housing growth around Space-X facilities. Out far enough from the majority of the noise and vibration. Harris Creek subdivision (10 miles east of McGregor) and Midway area on the western edge of Waco (15 miles east of McGregor) has seen a lot of growth in the years since Space-X setup shop outside McGregor 

Just my $ .02

Thank you for the information. I will have their amended contract agreement this evening. I will do that.. 

I am missing something here. I am new to real estate investing, and do not completely understand all the ways a rental property can be financed. I am selling a duplex in Waco, Tx. The buyer and I signed a contract back in May for the sell with an expected closing date of June 18. Apparently the buyer's were not able to get an appraisal done in time, so the close date was pushed to June 28. Again I got the same excuse, unable to find Appraiser, so closing pushed to July 9 (tomorrow). Well yesterday I get a call that the closing is not going to happen on the 9th due to "Covid-19 overlay guidelines". 

What the heck is Covid-19 Overlay guidelines?  I got an email this morning forwarded from the buyer's financial bank that states that "the buyer is going to be using a brokered loan, as a reaction to un-favorable Covid-19 Overlay Guidelines".   Is this a thing ??????  

They are offering more option money, but cant get that until close. I did not renew leases at the buyer's request and the place has been under contract for about 2 months, and will be for another month. So I am loosing rental income, potential offers, and still have to hold until closing on the 6th. 

Man what a learning curve this is going to be ...

Bo

Thank you Candace. I think I would only be interested in a Condo unit more than a single family home for starters just because of the idea of all one package.

I have a couple in mind. I messaged you.  

What about the HOA fees in the Gulf Shores area, IS there a good number to use ??

.. Just sold a duplex at Baylor University and am interested in STR condo in Destin, Gulf Shores Coastal area (family goes every year) or Colorado, or Smokey Mountains seems to be a great place to invest now.

However, on Realtor.com for condo listings for STR here in coastal areas of Texas, the HOA fees are usually mentioned in the posting so its a little easier to get an idea of expenses..

I have been search realtor.com for listings in Gulf Shores and there are no HOA fees at all listed.. Is there a good number I can use to figure expenses ??

We close July 9 on the duplex, and looking to roll the 1031 exchange ...  Would love feedback

Thank You for that advice..    I will look there