All Forum Posts by: Jon Martin

Probably because Nashville is too expensive but has a some similar favorable attributes, so it's seen as "the next" place to be. 

In SC the county sends you a letter where the ask you how you plan to use the property. You could probably get away with lying but it could come back to bite you in a very expensive way. A rental is a rental in their eyes, LT or ST. 

With the added assessments that non-owner occupied taxpayers are stuck with it can end up being 2-3X the regular rate. 

Doing an enemy analysis and wow . .. . Does not look good for hosts. Initial search is centered on Yucca Valley to encompass everything from YV and north to Landers and east to Joshua Tree. For a short notice booking for this weekend there are over 400 options. At monthly increments pushing out the number of options practically double each time! I have to really zoom in to specific areas to get the numbers reasonable and even then there are lots of choices. 

These are not slouch listings either. Many of the homes look great, high ratings, professional design & photos with attractive "models" having fun in them, some have pools, etc and the calendars are barely booked out. 

Am I looking too soon? Even if I am, I feel like October should at least have some shoulder season action. I saved some links for comps that are similar to what I could realistically do if I were to invest and I will be checking them every few weeks throughout the winter. Will be looking at a few other winter markets that I like in the same fashion, and as of now those markets are looking a lot more attractive! Curious to hear what others are thinking . . . . 

It's not a commandment or law of thermodynamics. It's a framework you can use to help weigh and filter your options. "Profitable" in terms of cash flow could be tough with the above example but maybe you can make a killing on the appreciation in 3-5+ years. 

Can also vary based on property taxes, HOAs, APR, insurance etc so it is far from a perfect rule. 1% in Alabama is very different from 1% in a high property tax state. Add up the numbers and see if it works for you.

If needed, sure. Between the hospital systems, universities, and recent economic activity I think the MTR model could be very viable. 

@Ross Gortney you are only allowed a permit within the city limits if you have one of a small handful of commercial zoning codes https://www.greenvillesc.gov/D...

My STR (in rehab) is right outside the city limits within walking distance to the west village. From what I understand you are not required to allow the city to annex your property, so I will politely resist it when the time comes. There is a lot of flipping and development activity going on, so even if the cash flow isn't great there is a lot of room for appreciation.

A “business” named XPRESS LOANS 911 is a scam . . . . Color me shocked!

 If the dates are blocked off, won't AirDna think it is booked out for that dates, thus improving the score? 

Bump!