All Forum Posts by: Kyle Momany

@Jordan Mummau

I'm bias to the Gulf Coast, of course. The cash flow is there, the restrictions of large cities are not. While it is a great place for STR, we have some remarkable school systems as well.

As long as you're on the coast, I'm sure you'll love it! Best of luck 😁

@Mike Hern They are still slowly getting repairs done on the east side of Panama city, but the east end of 30a has been booming. Lots of new construction, additional shopping , as well as an underground walk way under 98 near Inlet Beach, so people staying north of 98 won't have to worry about crossing that busy highway. Feel free to reach out if you've got any other questions!

@Alex S.

Turning a tourism dependent area into 30 day minimum would shut down the vacation market, killing any money the city makes from it. For an area like the emerald coast, it is dependant on tourism so the cities would never put laws in tact against themselves. In short, I believe they are less risk.

@Mike Hern I typically see between 60-70 percent, depending on management of course.

Thomas,

I'd love to piggy back on what Joshua said, that is if cashflow is your main goal. STR's seems to be the fastest route to cashflow. The Panhandle has plenty of opportunity for that.

There is also the route of parking your money in someone else's fund. The return might not be as high, but it will be truly passive. Good luck to you!

Keleisha,

Add the Florida Panhandle to your list!

Focusing on the area's that are dependent on tourism is a genius idea. Trying to invest in area's that are also industry driven can cause rental restrictions & other laws against Short term rentals. Good luck to you!

@Farheen Naveed the house must be your primary residence , so in theory if your mail is going there , renting out a room or on Airbnb shouldn't be an issue

What we people doing with money they put aside for cap ex , maintenance , property management .. etc but was never spent. whenever selling a property ?

For example if you were wanting to sell two of your own triplexes then go up to a 10 unit complex or something of the such. Are people just keeping that money put aside for expenses on the next property or using it towards other things? ( down payments, rehab, etc..)

Thanks!