All Forum Posts by: Jason Regan

I cant seem to find it anywhere.  Does anyone have the dates of bpcon2022?  I have something else in october and i dont want to have it interfere with bp con

I agree with everyone saying that you should manage it yourself.  There are great tools like hospitable and price labs that automate a lot of the processes such as how to price it and communication with guests.  Plus what are they taking out of you like 20% off the top.  I haven't been doing this for long but running one unit doesn't take much time out of my life at all.  Get the systems set up in a weekend then just tweak.  For example we were asked about the gate access and parking on our unit.  We are now making an automated response when someone asks about gate access.

I think all of this is relative to your needs. You need to figure out your criteria. For example I live in central ma and like to do work in my backyard so I buy around Leominster and West. This also keeps me in my buying price point of between $100k and $200k. I tend to flip homes for first time home buyers. I also don't really do much with multis as My buy and hold strategy currently is STR.

What is are you looking for to invest in @James Roche

What area do you want to work in?

What area can you afford to work in?

What is the perfect flrip or buy and hold for you? BRRR? Rent Redi? Paint and Floor? Needs to be torn down? If you sit and really figure this out people will be able to help you a lot more on your journey

I agree I worked with someone from her team too. Wayde was the most knowledgeable STR realtor I have talked to. They are amazing

I just bought a STR in Kissimmee and love that area for a few reasons. There is an established draw that will never go away. There is regulations already set so I don't have to worry about the government coming in and saying I can no longer STR my home. Finally there is an established group of Cleaners and other people who understand STR

@Connor Kerr makes a great point.  Check out all of your options.  There are conventional loans that are 3-5% down too and also mass housing which is a 0% down loan.  Heck if you a little more rural like Gardner area you can use a USDA 0% down loan.  Welcome to BP.  Its a great place to be

I agree I bet it had massive damage and was flipped.  Its too bad you cant see the last listing.  If you have a real estate friend in the area they can look up the last time it was listed to see what condition it was in

Congrats on the search. I am closing on mine in about a week! The big things that set you apart in this area are proximity to Disney, amenities in the complex and finally theming. I am putting a lot of effort into theming my unit so it looks different then the 7000 other Airbnb in the area. The research I have done and my very experienced STR realtor shows this is a huge difference. My buy is in Storey Lake 2.

@Tomislav Glamuzina the hard part with giving your brothers equity is it really begins to add up.  If you have a 300k house appreciating 5% a year then thats 15k a year. If you give them each 10% then you are giving up 3k a year in equity on the home plus proceeds.  It just doesnt seem as appealing to me as a loan payback or maybe just a share of profits.  In the end of the day though you have no profits unless you find that 20k and some is better then none, so do what has to be done just look out for them and yourself

Id ask for a loan and let them know you will give a good interest %.  Make the loan a year and use your proceeds to pay it off.  Now the house and most importantly, the appreciation is yours!