All Forum Posts by: James Mercer

@ Kenneth Garrett
Even with that kind of net cash flow that is still way beyond what a LTR could achieve, you are netting $12k a year on one property. In my eyes if you can stand being in the hospitality business STR investments are the fastest ways to achieve financial freedom

To any investors that have STRs on the emerald coast. I am seriously looking at getting into the short term rental market on the emerald coast. What is the average net cash flow that you receive from your property after all expenses?

All I hear about is how great STRs are and how in the correct market they can basically be a money making machine. What are some of the cons or risks of owning a STR that a new investor should look out for? Asking anyone who own a STR

Hypothetically, if I took over someones existing mortgage subject to and owned the property cause I have the title now, would I be able to get a home equity line of credit or equity loan on that property if it had a good amount of equity? Do I have to get lines of credit or equity loans from the same bank or can I have a mortgage with one bank and a HELOC with another bank for the same property?

@January Johnson sounds great let’s connect soon! 

@Caleb Drake yes I would greatly appreciate that info. 

I am new to real estate investing and am based out of fort Walton beach. Would love to develop a network of investors down here for advice and to share deals with. Any help is greatly appreciated.