All Forum Posts by: Mostafa Faghih

@Mostafa Faghih Nice. I like that idea. I thought about turning it into a mid term rental like for traveling professionals but scratched that idea a while back. I'm going to look into it again. Thanks!

Based on reports, Jacksonville attracts over 23 million tourists each year due to its many tourist attractions. Thus, it is not surprising that the average occupancy rate is nearly 70%, which shows great potential! There are also some reliable property management companies, such as Nest Finders and Keyrenter.

In both STR and LTR scenarios, I can provide a forecast report of your annual income if I have the address of the property.

0 Votes

Quote from @Johnny Torres:

Hi everyone! I'm looking for advice or your opinions on my situation.

I currently own a home in Orange Park, FL (basically Jacksonville) that I bought on March of 2020. It's a 4br 2 bathroom sfh in a really nice neighborhood and has a relaxing pond in the back yard. According to common real estate search sites like Redfin and Zillow the value has increased $100k-$130k. I owe $187k on it.

I'll be separating from the military in August and moving to Guam. I'm trying to decide if I should rent the house out or sell it.

If I rent it out I'll have a decent cash flow. I've also considered selling it and using the money to buy more property, specifically multi family homes.

What do you all think is the best route to take? Thanks in advance for any advice!

Seems like the short-term rental market in Jacksonville is very lucrative. If you are able to find a reliable management company or an Airbnb entrepreneur, I recommend putting your property on vacation rental platforms such as Airbnb and Booking.com. You might get up to a 12-15% cap rate annually, with management fees, taxes, and bills included.

It could become a kind of passive income, and you can live wherever you like.

1 Vote

Quote from @Zach Edelman:

One of my borrowers is a frequent investor of STRs in Columbus, OH. Loves the market and has a number of units there. From what I can tell, the market is extremely STR friendly.

Yea, seems like a very lucrative STR market. Thank you for sharing.

1 Vote

Columbus, Ohio

Quote from @Laura Williams:

KCMO is getting ready to vote on a new ordinance that would ban all non-owner occupied short term rentals in residential zones & put density limits on ones even in business zones. Columbus OH might be more short term rental friendly market for you.

https://www.startlandnews.com/...

I didn't know that. Thanks for the heads-up!

0 Votes

Columbus, Ohio

Quote from @Michael Baum:

Hey @Mostafa Faghih, take some time and do a search, especially about Columbus. There are a number of people who invest in that area with success.

Searching the forums can yield a ton of great info.

Sure, thanks.

0 Votes

Columbus, Ohio

I'm looking for top properties in the short-term rental market in Columbus, OH and Kansas City, MO.

I want to know more about the current state of the market, top-performing neighborhoods, and high-quality properties for short-term rentals. If you have experience investing in short-term rental properties in these cities, please share your insights, strategies, and tips for success.

Thank you!

7 Votes

Columbus, Ohio

All Forum Posts by: Mostafa Faghih

Mostafa Faghih has started 3 posts and replied 17 times.

Post: Can Airbnb house hacking be the key to building wealth?

Post: Rent or sell my home?? Looking for advice!

Post: Rent or sell my home?? Looking for advice!

Post: STR market in Columbus, OH & Kansas City, MO.

Post: STR market in Columbus, OH & Kansas City, MO.

Post: STR market in Columbus, OH & Kansas City, MO.

Post: STR market in Columbus, OH & Kansas City, MO.