All Forum Posts by: Joshua Messinger

Hey @Gulliver R.! 

I believe the question shouldn't be if you need one. But what's more important for you in this situation?

Do you have the time to fully furnish the property yourself, or will you need that time for something else? Will this ruin your CoC return using an interior designer, or will it not affect it at all? You can really go either way on this one but your decision should really be on your best interests in mind.

I'd love to talk more! If you have any more questions don't hesitate to reach out! 

Live Free,

Josh

Hey @Michael Harris! 

One - I want to mention first is that you need to choose what's right for you and only take note of the recommendations that you receive from this forum as others will be thinking in their best interest and not yours. 

Secondly - What are your goals? Do you want high cash flow, appreciation, etc? There are a very large amount of areas that will fit this price range, but only few that will perform to the expectation you have. 

Third - I would recommend looking at areas around the beach, or in the mountains. You will generally see higher price ranges in these areas and good STR performance to follow along with the natural amenities that the areas a gifted with. Don't overthink it!

If  I can help in any other way please don't hesitate to reach out! 

Best of wishes, 

Josh

Hey @James Carlson! 

This definitely is the new trend nowadays in major cities as they continue to limit and regulate the areas. We should only continue to expect this from the cities across the country and get buckled up for more! 

I'd love to talk more sometime in the future! If you ever need anything don't hesitate to reach out! 

All the best, 

Josh 

The enemy method will give you all the information that you need to know including if the discounts are a normal thing. I'd say if 5 or more of the properties have discounts for 7-day or longer booking periods then this is definitely a common thing for your area. 

If I can ever help with anything don't hesitate to reach out! 

Live Free,

Josh

@Luke Carl the enemy method is awesome!! 

Hey @Jared Vaughn! 

I would call your local township office/zoning office. They will be able to give you any updates on recent ordinance changes and overall information on the rules and regulations in the area. A quick call is always better than risking getting fined or potentially losing the opportunity to get a license to operate! 

If you have any other questions please don't hesitate to reach out! 

Best of wishes,

Josh

Hey @Jonathan Paz! 

With the right systems in place and the right team members, you can run an OOS operation very easily. The hard part... Creating those systems and building the right team around them of course. Make sure to handpick each member of your operations so that you know things will run seamlessly and remember that this is YOUR business so you will need to play a large role in everything when first getting started. 

If you have any other questions don't hesitate to reach out! 

Live Free, 

Josh

Hey @Patrick Megill! 

I would utilize your VA loan to save time and money. If you don't end up going that route you of course have your other options going with FHA, or the conventional route.

As goes for your family I would explain to them that historically Real Estate has been the safest asset to put your money into. Either way, don't go off someone's opinion if they haven't done something for themself. Focus on the opinions you get from professionals/people who have done what you want to do and you will get the right advice/knowledge.

If you have any other questions please don't hesitate to reach out! 

Live free,

Josh

Hey @Christian Walker!

Once again @Nathan Gesner hitting this one right on! 

All in all, this is a numbers game. Where would you find the greatest ROI for your money? Where is the safest most reliable place you could put your money?

If you ever need anything don't hesitate to reach out! 

Cheers,

Josh

Hey @Kenneth Young! 

I would go the house hacking route since it seems like the best move for the situation you are in. Keep your head up and don't let anything ever hold you back! 

If you ever need anything please don't hesitate to reach out! 

Best of wishes,

Josh