All Forum Posts by: Rebekah Hitt

Looking for recommendations for a contractor for siding and roofing renovation on a cabin (short term rental) on Table Rock Lake….. any tips or referrals appreciated! Ready to begin project within the next 30 days but not in a hurry….looking for trustworthy and good quality!

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Kansas City, Missouri

Hi all:

Just wanted to see if I could get any real feedback from a seasoned RE investor: my LLC is filed and complete in AR however my first strictly investment property that will be a STR is in Missouri near Branson.

Do I need to "qualify to do business" in Missouri because my LLC is filed in Arkansas?

Also, if I hire only 1099 employees like VA's or an accountant for keeping my books, do I need to register my LLC on Form 2643 with the DOR in Missouri?

Thanks in advance!

1 Vote

Fayetteville, Arkansas

Congratulations! I am a nurse investor In Springdale and would love to see your progress/outcome.

I just closed on a property near Branson, MO which I am rehabbing and plan to use for STR.

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Quote from @Diane Higgins:

The property is in Fayetteville Arkansas. We are still under contract and not locked into a rate yet, but should be this week. Still working on how much we need to invest to add value, but will have ROI analysis done next week. Circle back with me!

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Quote from @JD Martin:

Quote from @Mike Gordon:

Flood zone, a pool, and foundation cracks. I looked at one house with a really bad animal smell and passed because all of the flooring would have had to be replaced and the house repainted.

See, that's funny. I see the same house and I think money. In fact, I bought a house once years ago I still call the "cat piss house". The smell was so bad when you went in it would be like an instant asthma attack. But I got it really cheap, and I factored in the idea of tearing all floors and bottom half of walls out to solve the problem. In reality, my flooring contractor (all hardwood floors) was able to sand the smell out of it - and let me tell you, you've never smelled anything like freshly sanded cat piss - and 98% of the stains, and put down 3 nice thick coats of polyurethane, and the smell was completely gone at the end and never came back.

That's called the "smell of money" according to my real estate colleagues..... I thought the same thing....that is a recipe for equity!

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Quote from :

Great Question! I personally would only use a smaller/cheaper property for a STR. I was about to close on my first one this week but it looks like it may fall through. I couldnt give a good STR estimate since I havent done them and they have been very hard to analyze accurately. I was just going to use this property to test it out and see how it worked out. However from other landlords in my market, I was expecting to be cash flowing - conservatively- 650/month. This is with all expenses paid including the normal capx, vacancy, as well as electric, internet, water and cleaning. My back up plan would have been to rent it out for $250 cashflow/month. The next back up would have been to flip for about a 20k-25k profit

@Taylor Dasch did you use Air DNA to analyze your property? I used that as well as scrubbed Air BNB/ VRBO listings

to see what the competition was charging, occupancy rates, and minimum stay requirements as well as what they were charging for cleaning fees. It helped me a ton and I put together a proforma for my lender with the information since I am a newer investor.

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@John Costanza

Welcome to BP community! I am a new(er) real estate investor with one property I purchased in 2021 that I am house hacking and working on plans for an attached ADU. Minus utilities and cap ex money set aside, I live for about $200 a month and I make over 6 figures as a nurse director. I am committed to do WHATEVER it takes to become FIRE (financially independent through real estate!!)

My second property I have currently under contract is a small cabin on Table Rock Lake just outside of Branson; I plan to enter the STR market with that property and the goal there is to pay it off in 3 years.

I would recommend connecting to any local REIA meet up groups in your area: I have learned about housing and zoning, future projections of growth, tax lien homes, and many other topics as well as grew my group of mentors, collaborators, and a curated list of contractors for my projects. I love to talk "shop" with those further down the journey than myself....every once in a while, I even have a bit of info I can share which feels good after starting this journey about 2 years ago.

Your network is your net worth......I would say, go find your Facebook group, your local REIA meet up and find your tribe!

#secondactplaybook #bebebuys #nurseinvestor

2 Votes

Would love to connect! I am a new STR host and would like to hear any tips! Please PM me….

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Quote from @Marylin OShea:

I couldn't tell from your profile how much experience you've got with STR but happy to help if you have questions!

I am an ambassador for airbnb and help onboard new hosts at no cost to them (I get paid a referral fee from Airbnb). www.airbnb.com/r/newtoairbnb

One of my long-term rentals needs a total rebuilt and it's a little intimidating because I don't have construction experience and all I hear is "raw material costs are going through the roof". Well done on getting this done! Wow.

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Much appreciated! @Gary Nelson

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All Forum Posts by: Rebekah Hitt

Rebekah Hitt has started 11 posts and replied 46 times.

Post: Branson, MO contractor needed

Post: LLC in Arkansas, property for STR in Missouri….

Post: Duplex with lots of potential!

Post: Duplex with lots of potential!

Post: QOTW: What are your "hard pass" items when evaluating real estate

Post: Here's $20,000 to invest, what do you do!?

Post: New Investor looking for Mentors, Partners or Friendly Advice !

Post: New build Short Term Rental - Table Rock Lake

Post: New build Short Term Rental - Table Rock Lake

Post: Contractor needed for foundation : Branson, MO