All Forum Posts by: Jewel B.

Thank you all for all the information being sent my way! I keep finding this forum to be a fountain of knowledge and receive new insight on things I haven't considered!

I'm beginning to understand that a market like the Poconos may be more involved than I originally thought. HOA's and strict STR regulations seem to abound there. I will have to expand my search to find the correct market (hopefully in the northeast) that'll help me to realize my goals.

As this would be my first foray into real estate investing I was hoping to find a location that could both be used as a profitable rental property as well as a quick getaway for my family. I find that part of what's holding me back from looking into markets further out is the fear of not being able to get to it quickly if the need arises (definitely something I need to learn how to mitigate).

Just have a good team in place and the last sentence is irrelevant. Here's an easy way to look at it - what would you do that a professional couldn't?

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New York City, New York

Personally mine liked to eat tostitos and chocolate so that did the trick over peanut butter haha

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https://poconovacationhomesale...

A lot of the Poconos is highly regulated for STRs or still in flux. It also seems pretty saturated to me. Keep in mind too you'll still need to heat the properties adequately in the winter to avoid pipe freeze, regardless of occupancy. It's also a lot of wells and septic so keep that in mind too.

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New York City, New York

Good morning,

I'm looking for wholesalers / off market deal finders to potentially work with. Comment below and send me a PM.

Thanks!

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Allentown, Pennsylvania

Checkout Meetup. There's 3 that I know of in the ABE. Garrett Rhoads the second Thursday every month, a different group the third Thursday monthly (they post here in the meetups section), and a different group the third Tuesday every month I believe.

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Allentown, Pennsylvania

Thanks everyone, especially Ash and Marty haha

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Considering you're not buying all cash, you seem too fixated on price as just an arbitrary number.

Look at the market and the returns and your goals of cash flow vs appreciation.

Pick 1 area to focus on. Economies of scales. You don't need to create teams in 3-5 areas.

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Quote from @Alon A.:

Quote from @Sam McCormack:

Quote from @Alon A.:

Quote from @Sam McCormack:

Hi @Alon A.

Do you have 120k in cash to use, or is that for property and rehab w/ financing?

yea i have 120K to use, I dont want to do cash deal... I want to put 20-30% down + pay all remodel in cash.

Ohh okay I got it. Have you looked into Cincinnati?

Cincinnati do not has 100-120K houses anymore unless the early early 1900S and in horrible neighbor hood

But you're not buying all cash lol so how is that relevant?

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Quote from @Heather McNicol:

Quote from @Michael Baum:

Hey @Heather McNicol, we aren't anti-mentor. It's just we are skeptical of internet success stories who charge a bunch of money to teach you how they did things. We do that every day for free right here.

I understand your paralysis. Most of us had that on our first properties. Are we going to go bankrupt? Are STRs in our area going to get banned? Etc etc.

So, where are you thinking of buying your first place? What is your budget? What are you most concerned about?

Hi Michael,

I'm currently stuck on picking a market. I'd like to start with arbitrage since I don't have much to invest upfront and can scale faster and then pivot to purchases. I'm concerned about picking the wrong area since I'm looking out of state. I live in WA. I'm not sure which places are best to focus on with rules and regulations getting strict in some places.

I'm also looking to get my hands on a good calculator for short term rentals since I'm terrible with Excel and only have a calculator for long term rentals that I know is missing sections that are specific to short term.

Any help you can give me would be very much appreciated :)

BiggerPockets has an Airbnb calculator, and I see that you're a pro member.

Since you've read the STR book and done other education, you know HOW to pick a market lol. You just need to take a deep breath and pick one. Where would YOU want to go? Then research local regulations and tourism and data. You could look into doing a vacation home loan.

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All Forum Posts by: Jewel B.

Jewel B. has started 38 posts and replied 339 times.

Post: Suggestions for a first time Lehigh Valley visitor as RE investor?

Post: Rookie Investor - Excited about the potential of STR

Post: Rat problem and more

Post: Rookie Investor - Excited about the potential of STR

Post: Lehigh Valley / ABE Wholesalers / Off-market Deals

Post: Looking for contacts

Post: Shopping Lenders and Preapprovals: HMLs and Refinancing

Post: First Property Investment

Post: First Property Investment

Post: BNB Investor Academy - Reviews?