All Forum Posts by: Joel Oh

What a beautiful property! Have you tried using your photo 18 as your main picture? Your house is beautiful but 18 is an eye catcher! Super cute! Thank you for sharing

Yeah I actually was using #18 for the longest time as my hero photo. I should probably go back to it, but I've been exploring a new collage

Amazing! Sounds like you are having a lot of fun! That is the best!

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Quote from @Daniel Bourdeau:

Quote from @Joel Oh:

Can I see the final picture of the product?! This is so exciting

You can find the Airbnb link and all the pictures here.

What a beautiful property! Have you tried using your photo 18 as your main picture? Your house is beautiful but 18 is an eye catcher! Super cute! Thank you for sharing

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Can I see the final picture of the product?! This is so exciting

1 Vote

Quote from @Gerald Surprise:

Is anyone familiar with Passive Glamping Developments. It's a company which started a Glamping business in Puerta Vallarta. I'm interested, but like more information from anyone who has knowledge.

Most of these projects are scams or not profitable at all. Simply think about why developer / project managing company would open a great opportunity to public if it is really a good deal. All the great development that actually brings profits (any) are very private and exclusive to big investors.

1 Vote

I think this is a new tab?

Does anyone know how Airbnb decides to put your listing on the First-page search?

From my experience I am assuming super host status, price?

Not sure rating matters too much since I see a lot of low-none rating Airbnb on the first pages when I search.

1 Vote

Quote from @Julio Gonzalez:

@Brian Plajer

Your property definitely has the potential to benefit from a cost segregation study. Determining whether to do a cost segregation study or not has a lot variables.

- Are you in an area where land is very valuable leaving you with less to depreciate?

- How long are you planning to hold this property? If less than two years, cost seg probably isn't a good route.

- Are you planning to do any renovations? If so, I always recommend getting the study done prior to rehabbing.

- What is your ROI and the amount paid for a cost seg study?

- Do you have a current need for that cash flow generated from the tax savings?

- Could you go reinvest it in another property to build even more income?

- Would you have net income or net loss without the cost seg study?

- Are your real estate investments active or passive?

- Are your losses locked up against your passive income?

There are a lot of factors to consider when get a cost seg study to determine if the benefits outweigh the costs. If you are able to get REPS status, that would help tremendously. Have you obtained any detailed cost/benefit analysis quote? Most cost segregation study companies provide the quote for free. If you need any help or have any questions, feel free to reach out!

Hello Julio! Can I ask why do you recommend doing it prior to rehab? Doesn't it get more potential value of depreciation once the project is finished?

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Coastal NC, North Carolina

Quote from @Scott Bowen:

Quote from @Joel Oh:

Quote from @Scott Bowen:

OP - your CoC return would be your cashflow (not your total revenue) divided by your total $ invested. Still sounds like you've done very well though! What market is your property in?

Thank you so much for clarifying it for me! I am in the metro area! There are a lot of older house in metro so I could get them pretty low price and I learned how to fix the house! Turned 7 houses this year.

Awesome! I am looking at investing in some STRS now and I agree a lot of the traditional popular vacation markets are not as viable as they were several years ago. Homes prices in many of the hotspots have outpaced revenue. Glad you found a market that's working!

Thank you! The price of those houses is beyond overpriced in my opinion. At least metro area, you can find the renter if the market crashes. I didn't want to deal with the empty houses in the vacation market when the economy goes downhill.

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Quote from @Scott Bowen:

OP - your CoC return would be your cashflow (not your total revenue) divided by your total $ invested. Still sounds like you've done very well though! What market is your property in?

1 Vote

All Forum Posts by: Joel Oh

Joel Oh has started 15 posts and replied 184 times.

Post: After 1 year of STR journey

Post: Have you guys checked this tab on Airbnb?

Post: How to Build a Geodome for AirBnB

Post: How to Build a Geodome for AirBnB

Post: How to Build a Geodome for AirBnB

Post: Passive Glamping Development

Post: Have you guys checked this tab on Airbnb?

Post: Cost segregation study?

Post: After 1 year of STR journey

Post: After 1 year of STR journey