All Forum Posts by: Quinn Olivarez

I do not understand why veteran forum posters piss all over these posts. Biggerpockets is a nexus within the REI community. Posts like this are what drive forum engagement, bc they can be dissected from various POVs. So why are mods trying to stifle that discussion? Do you think less experienced investors and forum posters will want to participate when mods behave this way?

The subject isn't whether Texas has the best STR markets in perpetuity, the subject is a five year demand window based on migration trends. That period of time may be more or less relevant individual investors, but it is the obvious starting point for the discussion. Would I rather own an AirBNB in Galveston for the next five years where a permit currently costs $250 a year and a correctly bought deal can still perform exceptionally, or in NYC where I can no longer operate now and for the foreseeable future? Your sarcastic answer isn't as cut and dry as you think...

Galveston is among several other TX markets on AirDNA's ranking of best vacation rental markets in the next five years. Fredericksburg tops the list, followed by Corpus Christi, Galveston and South Padre. Broken Bow Lake OK rounds out the top 5. Their analysis is based on the growth of the larger metros throughout the United States that drive regional tourism into various vacation rental markets. This bodes well for all current STR operators in the region, as well as hopeful investors moving forward.

What do y'all think of the methodology AirDNA uses? Have you considered investing in any of the Texas markets, or are high insurance and property tax costs a non-starter for you?

 Sammy, please check your DMs and feel free to browse my business profile; link is in signature. It includes the deals I've done, with photos, and reviews from fellow BiggerPockets users whom I've closed with.

 Check your DM Ruben! I have expertise and experience in the exact neighborhoods you're looking at in Houston; I own investment property in the museum district, and have lived in midtown / museum district / Montrose for nearly 20 years. I commonly assist long distance investors, whether it's for relocation or just to get into the awesome TX gulf coast market. Would be happy to help you in your exploration. 

Hello, Houston area realtor and investor here. I specialize in long distance STR acquisition. Here are my thoughts:

1 - it sounds like you don't have a lot of insight as to why you want to be in Houston, because profitability should be driving your search for a market, not the other way around. There are many neighborhoods in Houston that score in the 70s and up on AirDNA, so it is a good market, but you need to be precise about where you're looking.

2 - the submarkets within houston that perform well for STR are nowhere near your price point. continue saving or choose a cheaper market. you're looking at the fourth largest city in the US, and the biggest city in the most moved-to state in the union. This isn't Memphis or St. Louis, people want to be here, badly. median home price in houston sits right below 350k.

I would suggest getting started with rental arbitrage. More bang for your buck at launch, no equity but it gets you started. you can roll the profits into a purchase at a later date. good luck

 Find a realtor who already works with investors and is in need of more people to build a team. Hi, that's me :) feel free to DM if you're interested in discussing further.

 Yes, check your DMs for some info on other meetups!

I have a property I thought about making available to an arbitrage person, but it's already 95% furnished and I like designing STRs so I decided to keep the project in-house

Going commercial grade at a medium end retailer like a West Elm, Pottery Barn, Crate & Barrel CB2 etc can be worth it for a sofa, esp a sectional or sleeper sofa. Use your LLC to apply for a b2b account with those retailers and you will get 20% off MSRP on just about everything.