All Forum Posts by: Mike Buscher

I am looking for a long-term hold, so cashflow isn't my main driver...though I do want to at least break even on a monthly basis. This would be used as a STR hence the projected income (source: AirDNA). I have not filled in a figure for vacancy expense as that would be baked into the projected income. Also since it is a newer property with solar panels I did not figure for immediate CAPEX and kept my electricity number low. This will be my first STR property if successful with the purchase (I will find out tomorrow....but can also still get out of it if I want to). The mortgage rate is an educated guess. I would strongly value some feedback from this excellent community. View report

*This link comes directly from our calculators, based on information input by the member who posted.

Have you considered getting a HELOC using your primary residence? If you have enough equity in your primary residence this may be a way to finance the down payment on the vacation home.

I would be careful with those AirDNA numbers. I have used them elsewhere and I don't think they're entirely accurate. Maybe they are more accurate for WV, I don't know. Make sure you get numbers from other sources as well (local property manager?) to verify. 

I visited NWA for the first time recently with my 14 year-old son. He wanted to check out the (amazing) mountain biking trails in and around Bentonville. I have been kicking around the idea of investing in rental property out of state (I live in Maryland) and I feel an attraction to NWA. The property taxes are much lower than I am used to and the Walmart connection makes me think it is a stable market. I also feel like NWA is attracting people from all over the country who are looking for a less expensive cost of living. I was told by an agent that I should consider the Bella Vista area because of the lakes and golf course (as well as the mountain biking opportunities). I still am not sure if I want to do long term or short term rentals (I have some experience with both in MD).