All Forum Posts by: Account Closed

Originally posted by @Andrew Kerr:

Frank, check out https://www.airdna.co and you can buy a market report for your area. They basically pull all the Airbnb public data and consolidate it into an easy to ready format.

My biggest concern with short term rentals is the changing city regulations. You could have a feasible business, and the city could pass a law that ruins your business. So know your local regulations inside and out.

I also see properties that trade off the short term rental rates which seems risky when a city hasn’t made short term rentals legal.

Exactly this is what a market analysis was talking about, I know some states started regulating it already. I am trying to do it to capitalize until we can.  When I say capitalize I dont say it due to the money being generated by the short term rental, I mean by when it home is sold. Goal is to buy it outdated, updated it with the loan I get and rent it until summer gets here and list it on the market. If I can do it again next year I will if not I wont. 

Originally posted by @Bettina F.:

Go on to the AirBnB site and search for listings in your area.  You will be able to see the demand, and what the pricing is for comparable units.  Keep in mind your costs of doing an AirBnB are going to be in furnishing your spaces, and housekeeping/laundry costs, cable TV and internet costs. If your units are not sparkling clean and  comfortable, you will not get good reviews and bookings.  Plus, winter is usually a slow AirBnB season.  I think these "soft costs"  would make a short term AirBnB not profitable.   

Thank you for response, is this what you have experienced ? 

Good Afternoon Investors, 

Ok so I want to buy a few properties and ARBNB them, I have a hard money lender that give me repair money along with the house loan amount. Goal is to ARBNB them the third month or so once they are completely renovated so that it pays for the monthly mortgage then, sell it within 6-8 months. 

I would buy it outdated, add value either square footage or upgrade it, and sell it for a higher price. 

-My question is how do I find out if the area I am trying to buy homes rent often?

-How much does ARBNB take from your monthly rental income ? 

-Is ARBNB even profitable after all expenses (Mortgate, water, electricity, internet, cleaning service. Am I missing anything ?) ? 

Thank you in advance for you response !

Yes I was able to close it !! I actually recorded on Friday 

So sorry to hear these bad stories, I hope everything gets back to normal as soon as possible. 

Good evening Investors,

Is anyone flipping or wholesaling in Puerto Rico currently ? I believe there is opportunity right now as sad as it sounds....

Hello Everyone, 

What are some great pockets in Phoenix, AZ  besides the ones below 

-The Triangle (Downtown Phoenix)

-Encanto 

-Garfield

-Coronado

What areas are coming up and why are they coming up in price ? 

Hi,

How did you guys create your buyers list ? Did you buy it ? Or create it with time ? 

Hello Investors,

I have seen many bulk deals lately that have been wholesaled lately. Do any of you guys have experience with them ? If yes where do you find these deals ? 

Hi, I have a question to everyone who buys sherif sale. Where do you guys go to buy them ? What's the process of buying ? I was taking a look at a few fellas here in Phoenix that all their properties are sheriff sales