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All Forum Posts by: Martin D.

Martin D. has started 8 posts and replied 61 times.

Post: Anyone of hear of or use Sinistar (insurance claim placement co) for MTR

Martin D.Posted
  • Realtor
  • Sedona, AZ
  • Posts 61
  • Votes 42
Quote from @Lauren Kormylo:

Sinistar has been asked about before here, but I don't remember anyone having direct experience with them.

As far as PadSplit, you'll have to check city and county laws concerning the number of unrelated people allowed to live in a house.  Some localities have limits, some don't.  For instance, Sedona AZ has a limit of 4 unrelated adults living on a residential lot, so PadSplit won't work there. If PadSplit is already operating in your city, there shouldn't be a problem with that.  Not to say the law couldn't change of course.  You are aware that PadSplit requires you to convert your living and dining rooms into additional bedrooms, right?  So you'll be putting out quite a bit of money to do that, and when you sell, you'll most likely have to convert it back. 

I've actually had a lot of success renting by the bedroom in the Sedona & Verde Valley (Arizona) area. Not necessarily insurance company stays but simply people looking to relocate for a few months and try it out. I love this strategy but it is more management-intensive for sure!

Post: Voracious learner looking to build a winning team

Martin D.Posted
  • Realtor
  • Sedona, AZ
  • Posts 61
  • Votes 42

Great move Andy! Good luck with the team-building :) that is the most important phase, without which, growth and scalability will be hard to achieve!

Quote from @Zarah Castro:

This is a helpful article! Would seller concessions benefit the seller in the form of capital gains reduction especially on flips?

That is a great question for a CPA. From what I understand, seller concessions are like closing costs and commissions and are deducted from the sales price to calculate the capital gains. But I may be wrong.

The free moving van is genius and fits perfectly the "helpful realtor" motto. 

Post: Investing in Airbnb overseas

Martin D.Posted
  • Realtor
  • Sedona, AZ
  • Posts 61
  • Votes 42
Quote from @Ashish G.:
Quote from @Martin D.:

Hi Shiloh, thank you so much for this awesome feedback! 

Costa Rica's been very high on my list, but I was finding the prices there too expensive. Your experience investing in this country are confirming that. 

10% ROI is really not that great, I can find 20% here in Sedona any day of the year, and already got the whole team on the ground.

Countries I've been exploring and visiting properties in: France, Portugal, Finland. Some attractive destinations there can easily achieve 15% ROI, and average property prices can be as low as 250k so it's an easier entry point.

A lot of my friends invested in Bali and had great returns, especially if they've invested before the pandemic boom. I'm also gonna explore tropical destinations in the Indian Ocean, I think it's super underrated right now.

20% return in Sedona is amazing. If that is actually doable and you are open to expanding with a silent investor, then hit me up. 

 Sent you a DM!

Post: Investing in Airbnb overseas

Martin D.Posted
  • Realtor
  • Sedona, AZ
  • Posts 61
  • Votes 42

Hi Shiloh, thank you so much for this awesome feedback! 

Costa Rica's been very high on my list, but I was finding the prices there too expensive. Your experience investing in this country are confirming that. 

10% ROI is really not that great, I can find 20% here in Sedona any day of the year, and already got the whole team on the ground.

Countries I've been exploring and visiting properties in: France, Portugal, Finland. Some attractive destinations there can easily achieve 15% ROI, and average property prices can be as low as 250k so it's an easier entry point.

A lot of my friends invested in Bali and had great returns, especially if they've invested before the pandemic boom. I'm also gonna explore tropical destinations in the Indian Ocean, I think it's super underrated right now.

Title says it all :)

We are exploring the option of wrapping our cars with our team's marketing material. Nobody does it in our area. 

Any of you have experience with it? Does it bring in good leads?

Slightly worried about higher personal retaliation or damage to property than if I were driving an ordinary car, incognito car.

Thank you BP!

Post: Investing in Airbnb overseas

Martin D.Posted
  • Realtor
  • Sedona, AZ
  • Posts 61
  • Votes 42

Thanks @Michael Baum @Mike Lambert. So you own property in Mexico? Which area? Do you do STR?

My first investment was in Tulum, 10 years ago. It went well, I've sold it since. 

Post: Investing in Airbnb overseas

Martin D.Posted
  • Realtor
  • Sedona, AZ
  • Posts 61
  • Votes 42

Hey BP friends,

I was wondering if any of you had invested in Airbnb properties overseas, and if so, if you had some comparable metrics with some US-based markets? 

Average PP, Vacancy, ADR, ROI, tax advantages, etc.

I'm local to Sedona, Arizona and own a few properties in the area. I'm really happy with the way things are going and am now thinking of expanding my investments abroad. Most notably, so I can make use of them on my vacations instead of paying someone else to rent theirs ;)

Happy to hear about your unique experiences!

Martin

Post: Looking for a condo that allows for STR

Martin D.Posted
  • Realtor
  • Sedona, AZ
  • Posts 61
  • Votes 42

Wow Lauren, thank you! That really hits the spot. These two you sent are sold but I will keep my eye on this complex :)