All Forum Posts by: Mark Jackolski

Did Bigger Pockets stop doing STR bootcamps?

Hi,

We’re looking for recommendations on turnover cleaning services, handyman, and contractors in the Ludlow VT area. 

Thank you!

Thanks Robert! Yea IKON and epic are definitely going to help.

Hello everyone!

For the past year or so we've been looking to invest in real state. We live in Long Island, NY and were looking at multi-families around the area for a long term rental, but these properties are scarce and prices are too high for optimal returns. So lately we've been looking at the possibility of investing on an Airbnb in Vermont. 

We're big snowboarders so we know that there is definitely demand for areas by ski mountains in the winter and the prices on Airbnb are very promising. After analyzing multiple deals our main focus is either southern Vermont (by Stratton and Mount Snow) or a little more north by Killington and Okemo. We came across a property in Mendon Rutland (18 minutes from Killington and right next to Pico mountain) that seems like it could perform well. 

We find that the numbers on Airdna are not very reliable and we were curious if anyone out there has some experience with what the occupancy rate is like in Mendon, Rutland. 

Looking at what is available around Killington and occupancy rate we are starting to think that southern Vermont might be a better investment year round.

Are there any other areas from your experience that are a better investment for short term rentals in Vermont?

Thank you!

Hi Bill I’m planning on going to the meet up on the 13th. Would be great to meet you.

Thanks Suzanne. I’m currently looking for a legal 2 family home. I’m open to most of Long Island but have been focusing mainly on long beach, Rockaway,(id assume flood insurance would be needed. Haven’t looked to deeply yet into what this would mean for an investment) patchogue, Northport, and Babylon.

I’m in the early stages of looking at my second property. Have had a cursory conversation with a mortgage broker but was told that 20 percent down would be  the only way to get a loan.

I’m definitely open to other options if the numbers make sense. What has your experience been with single family homes? I’d imagine people wouldn’t interested in renting an entire home rather than buying themselves.

Thanks! Are you referring to a Freddie Mac loan? 

Add me! I’d love to hear from people on Long Island about your experiences!

Hey Bigger Pockets! I’m weighing a bunch of different options right now and need feedback from the community :)

I purchased a home about a year ago with a legal accessory apartment in Long Island NY. Purchased with 10 percent down and PMI. I live downstairs and have a tenant upstairs. Have been saving up to make another real estate investment and have found that true multi families are hard to come by in the area. The traditional investment property mortgage requests 20% down, which I could make work but I'm trying to consider other options instead:

- I have considered an FHA loan but would need to move into whatever house I purchase and the current house is really a single family home.

- I’ve also considered a home equity loan on my current house in order to have more cash to invest into a rental property but would only make my mortgage go up and may make it difficult to have cash flow if I want to build my portfolio.

I’d love to hear what you creative folks think. Am I missing better options?