All Forum Posts by: Justin Bartram

Hey! 

Flatwoods is (somewhat) my neck of the woods. We live maybe 15 minutes from there. 

@John Underwood where do you typically check occupancy? AirDNA?

My wife and I are new to short term rentals. We have our eyes set on a property on a lake that we frequent, and want to know how to analyze it to make sense if we could purchase for us and our family to enjoy, while tenants pay for it when we aren’t there.

Do you all analyze short terms like you would a long term? We have been looking on AirDNA and comps on Airbnb and it appears the monthly average at 50% occupancy is 1200-1400$ to be conservative I would probably analyze at 1,000$.

Any advice?

@TimothyGerdes We are facing the same issues. What we've done is shopped around and found a lender who would refinance into our LLC. This both allows asset protection, and allow us to pull out equity.

@Jeff Adams

I’d recommend you look into some of my blogs I’ve written lately. I’m working full time swing shift, going to college online full time and about to have our first baby.

It is definitely possible. I won’t say that it’s easy but it is possible. We’ve utilized creative financing and have spent 400$ out of pocket on our past two houses, with the exception of gas to and from.

@Joseph Neri where will this event be taking place at?

I would like to second this. I’m only 7 years older than you, and I truly under valued the power of educating yourself. I am in college now while working full time about to finish my third college degree, and I truly feel I’ve learned more about life and business in the past 6-7 months teaching myself through self education than my almost 7 years of college have taught me. Books are cheap. Start with any bigger pockets book, and best of luck! Starting at your age you are going to rock it!!