All Forum Posts by: Maria Ferre

Thanks, I noticed unit holders keep these for anywhere 1-4 years. Seller wants to pull out equity. The reviews are great, expect some complain these units are too small. 

Thanks for the advice!!! Great to think of all this stuff!!

Hi, looking for advice here.. This would be my first STR purchase, a resort condo. It's a small, charming studio on a lake resort in NC.. with tons of amenities, but a high POA for those amenities. like $3600/year.

The deal would have to be all cash though, b/c seller says banks won't give a loan for these kinds of condos which are mostly investors putting their units up on Airbnb. Price is close to 70K. I looked at airdna, and the unit occupancy rate is all over the map for these types of units, from great, to not so great. This particular unit I'm told rents most of the year, except a few winter months, for about 120/night. I did the math and if I had even just 6 nights per month, I'd be able to meet my monthly expenses. 

HOWEVER, now my brother says the unit will take a long time to appreciate, though monthly cash flow can be good.  Since the 2007 market crash, they've ranged from about high 30's to high 50's. Building is from the 1980's. Very cute in a beautiful resort. My brother though doesn't like cash investing, when rates are still low. 

Would I be making a mistake here? Any thoughts? 

Hi, I've been researching the possibility of buying land and building a cabin for twice a year vacation use -- and STR.

I'm researching at Front Royal, VA... and Boone NC (The place has to be somewhere between where I live which is NYC, and Moorseville NC where my family lives)

My BIG CONCERN:

1) Regulation and taxes. I'm concerned that I'll build and then some ordinance will be passed against STR. Of course I'm also concerned about rising taxes. Has anyone else done this before? What factors should I be considering here and what source of information can I go to for the exact info on wether it will be legal for me to construct for eventual STR?
Thanks!

Maria