All Forum Posts by: Lauren Lockett

I'm trying, but unable to tag a realtor from the Short Term Shop @January Johnson. I'm unfamiliar with all the spots in Florida, but I remember her from the Short Term Investor bootcamp and she may be a great resource! Good luck!

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Panama City, Florida

Hey Joel,

I've seen that same playset on Sam's and think that's such a cool idea. I don't have any experience, but thought as a mom of 2 boys and avid traveller, it's something I'd appreciate when we travel. Good luck and happy closing!

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Quote from @Desiree L.:

I have to give a shout out to Bigger Pockets! I am a regular listener to the Bigger Pockets podcasts when I am doing chores around my house and my STR property. A few months ago, I was listening to a podcast (I think it was one of David Green's, but I don't remember which one.) He had a female CPA on who talked about the benefits of an STR Loophole for those of us who have W2 income as a way to take deductions that are normally not permissable when the tax payer makes a certain amount of income. I had a huge amount of expenses in 2022- pool, new windows and doors, that I was unable to use as deductions because of my W2 income.

After hearing about this STR Loophole, I reached out to my tax preparer to see if she was aware of this. She was not. She contacted the IRS to learn more. She just amended my 2022 taxes and I am getting a very large 5 figure refund from the IRS. I have another reason to thank Bigger Pockets for my financial well being.

That's so cool! Congrats on your return and cheers for looking into it!

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Quote from @Sarah Kensinger:

I'm wondering if you posted this in the wrong form.....

Also, you can find vacation markets that cash-flow, but you have to look for the golden nuggets in places that everyone else passes over.

Absolutely finding plenty that cash flow, just looking for something less expensive. Thanks Sarah!

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Morning!

For months I've been studying short term rental investing, excited about hospitality and cash flow, but find it extremely expensive in vacation markets to buy. I'm considering re-learning and re-starting with long term rentals. As new or experienced short term rental investors, where would you start to learn and look for long term rentals - multifamily and inexpensive?

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Congrats Austin and welcome! Cheers to you doing amazing things!

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Atlanta, Georgia

Quote from @Allen Wright:

Hey Lauren, just like Sarah said Airdna is your best bet for 1,2 and 4. I'm not sure if you've used ChatGPT before but sometimes if I have a brain block I'll input a question like #3 into the search bar and see what it comes up with. Of course double check this information but that is usually a pretty great source.

Ok cool! I'll try out Chat GPT. I'm new to it, but open to seeing what reponses I get back! Thanks for the feedback!

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Quote from @Sarah Kensinger:

The best way to get answers for 1, 2, and 4 would be Airdna if you have the subscription for it. Since it's just for the bootcamp, Rabbu would probably be enough if you don't want to pay for the data. Number 3 would entail a bit of research. You could call an agent, but I would suggest just googling the area and see what comes up for tourism. Pinterest is another great resource to find this out, because bloggers write about an area and then post that link on Pinterest. This type of research for number 3, would give you knowledge and practice in researching travel and tourism that you'll use for a long time!

Thanks so much for the great tips! I'll def try both routes - paid AirDNA and Rabbu. OMG! I never even considered Pinterest as a wealth of information and I've found so many good gems. Thanks so much for sharing!

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Kenneth you bring up a great topic and feeling I'm experiencing as well:

Contributing in a new space was one of my first questions too. What's great is how encouraging and nice everyone was about jumping in when you can and that you have something you can contribute! Experiences, location, background all play a role and create community here.

I'm a newbie as well and I will say learning has really helped build my confidence. I joined a bootcamp specifically for the area of real estate I'm interested in learning and what's been awesome is connecting with so many other people with insights, tips and ideas. Having accountability partners and groups has been a MAJOR hack. Not just the forum but even the smaller team of talking and reaching our goals together. Hope this helps and you got this!!!!!

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Baton Rouge, Louisiana

All Forum Posts by: Lauren Lockett

Lauren Lockett has started 4 posts and replied 36 times.

Post: STR Wealth Con Recap - Thank you Nashville, TN!

Post: Short term rental (preferably beachfront condo) investment PCB

Post: Adding a playground for my Airbnb

Post: STR Loophole- Huge return for me

Post: Switching from STR Investing to LTR Investing: Where to start?

Post: Switching from STR Investing to LTR Investing: Where to start?

Post: Young investor, ready to work! (Atlanta area)

Post: Market Research Homework Assignment for Short Term Rentals

Post: Market Research Homework Assignment for Short Term Rentals

Post: Feeling overwhelmed and discouraged