All Forum Posts by: Nancy Bachety

@Grant Johnson

You need to make a copy and save the file as your own before you can edit it to use.

https://docs.google.com/spreadsheets/d/1icTLdhmZACI7dPlOjoDw...

Quote from @Ryan Moyer:

Quote from @Nancy Bachety:

Amelia Island - amazing returns for our one BR condo ocean view, ocean front, on the ocean. It's a STR -driven condo.

 When did you buy it?

Jan 2021. The seller upgraded to a 2br/2ba unit in the same small complex via a 1031. 

First, I do not understand the reason for the original post. Was it an “a ha” moment you felt was worth sharing to a bunch of medical students?

Second, @Lisa Marie your thorough understanding of your husband's math is commendable. You don’t include the principal payoff that your guests are providing nor the property appreciation. You made an excellent point about diversifying investments. You didn’t include using a vacation house that is paid for by someone else. Even if it’s for a girls weekend or guys time out. 

A cost seg only delays tax day. In fact, what happens in years 5+ when you already accelerated depreciation?

As a high income earner, I materially participated for non-passive losses. I retired early as a teacher because my time is now controlled by me and my STR's pay much better. But, I do miss my students, sometimes I think of them when I roll over or book trips.

NE FL. St Augustine has the National Monument and its quite a draw, being the oldest city in America plus the beaches. Our four bedroom winter home (er, vacation home) demands $800-$1100/night. Regulations and permitting is painless in our immediate area.

Amelia Island - amazing returns for our one BR condo ocean view, ocean front, on the ocean. It's a STR -driven condo. We love that the HOA relieves us of much yet the returns are unbeatable. $300-$400 ADR, $800+/nt for prime Concourse event week.

Wouldn’t change a thing, expect it all to continue.

Now, answer your own questions. I’m curious too. 

I’m going back to the days when I ignore posts I don’t agree with or like. 

Quote from @Patrick Nolan:

@Nancy Bachety

Love what you said about buying property around places you want to be. I’ve just begun doing that with a land buy and development in the Hudson Valley.

Ok if I DM you to pick your brain a little?

Sure, it’s a lifestyle investment and a financial investment. Whatever I can offer, Patrick. 

The biggest overlooked and unspoken factor is the investor goals. Can’t put a value on it. 

We invest near Southampton on LI in NY. We only rent a small cottage on the property where our summer home is and we only rent it for 3-4 nights a week during the 14 prime summer weeks. (IOW low occupancy) We have little of our own money invested and have yet to pay a dime towards expenses while the property has doubled in value in under four years. Maybe there are other markets like this (in fact, we have another one in FL and one in the Smokey mountains like this but with higher occupancy by choice) but unless the investor goal includes deriving personal value from one's STR property, raw data looks and feels different. Of course the other FL ocean front STR is at 90% occupancy and is where I'd buy others for tremendous ROI if I wanted to take on more. Doesn't fit into our goals right now. And it didn't make this AI list.

I got into the game to finance my interest in living in a few homes and stayed in it because it’s very lucrative, by our definition. 

Quote from @John Carbone:

Quote from @Michael Baum:

Quote from @Nancy Bachety:

I wonder what Uncle Paul is experiencing in the worst town in Kansas. I bet there’s no downturn there, and no mortgage rates to worry about either. 

It is very market specific, like others have said. 

I have been thinking about Paul as well. Wondering how things are with him.

 For a town with only 10k population it sure gets a lot of headlines….

 Paul always said it like it was.

I wonder what Uncle Paul is experiencing in the worst town in Kansas. I bet there’s no downturn there, and no mortgage rates to worry about either. 

It is very market specific, like others have said. 

Quote from @Ryan Moyer:

Sucks for us, but host cancelations are clearly a big problem people are running into.  I'm in a bunch of Disney groups and any time someone mentions staying offsite at an Airbnb there are a bunch of people that comment they had an Airbnb host cancel on them and leave them hanging, or know someone that had that happen, and how they would never stay in one.

I think you still have a window to cancel after an instant booking for "don't feel comfortable" and then after that window you have to have a valid reason.

No that is exactly the option they removed from hosts who use instant book. Now you must prove the guest has intent to break one of your rules in order to cancel. 

That was the clause that allowed us to use instant book on two of our properties. Airbnb wants hosts to allow instant book but now I’m not sure we’ll continue to allow it. 

And we have never cancelled except one or two instant books who wouldn’t have been happy (too many guests or whatever it was).