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All Forum Posts by: Max Tierney

Max Tierney has started 5 posts and replied 6 times.

Hey guys, 

I just bought a property that currently has multiple bookings on booking.com. I close in April and the bookings extend to December. My question is, can I transfer these existing bookings over for myself to manage or will I need to acquire the sellers booking.com info? Not exactly sure how to make this work, but if any of you have experience with this i would appreciate some advice!

Thank you,

Post: Short Term Rental Financing

Max TierneyPosted
  • Posts 6
  • Votes 2

Hey guys, I recently just purchased my first STR property. Most loans i came across require 20-25% down when purchasing a property that is going to be used for STR. I have heard 100 times, "once you get one STR its really easy to get another." I intend to buy as many as i can, but my question is is there another way to acquire these properties instead of putting 25% down? Because I am not wanting to wait another year before I can afford another one.

If anyone knows how to speed up the process i would love to hear it.

Looking to purchase my first STR in Blue Ridge, GA, or the Smokeys. Is there one that typically is more successful than the other or am I splitting hairs? I have got recommendations from multiple people to invest in each area, but I am curious to see what the BP community says. I am looking to stick around the 500-600k purchase price. Given my budget, let me know which area you guys think I should direct my attention toward.

I am a newby and am looking to purchase a vacation rental property around Blue Ridge, GA. I am a numbers person and want to know what I can expect for % Occupancy so I can start to calculate expected revenue/cash flow. Should I expect trouble keeping it rented out? I plan on using AirBNB/VRBO to advertise the property. 

If there is anyone out there with experience in this area or just Vacation Rental Properties in general, I would appreciate all the feedback I can get.

This was my first post on this platform and I appreciate the feedback from all of you so just want to say thank you.

My brother and I are looking to get started in the vacation rental property business. We have $100,000 saved between the both of us but are not really sure the best way to go about investing it. Would it be smarter to put a down payment on multiple single family properties or go for a larger property in a popular area?

Next question is location. I live in Kansas city right now but we are wanting a property that is attractive year around so we can maximize its occupancy. Do you guys have any advice on where to look that will generate most cash flow?

Last, what are the first steps that we can take in order to get this started?