All Forum Posts by: Rung T.

@Account Closed, Thank you very much for the valuable inputs. I'll re-evaluate my current status and how to achieve my long term goal.

I am looking for cash flow buy and hold real estate investment. It's very difficult to find cash flow positive in SF bay area and looking for Out-of-state turnkey or vacation rental investment.

I know that it's doable with MFH and apartment but I cannot find any out-of-state turnkey with MFH and apartment. Just wonder if it's possible to replace W2 income completely with out-of-state turnkey (SFH) as I don't know any reputable out-of-state MFH/apartment turnkey company.

@Jon Crosby, Thank you for the info of STVR property management. I definetely look it up. Thanks again. 

Hi @Jon Crosby, @April Vogt, @Jason Hsiao Thank you for the very detail and informative postings!

I plan to go full management provider first and then consider the possibility of self managing after I get myself educated and more familiar with STVR. Just wonder any recommendation on the reputable full service management company and anything to look for when interviewing/choosing a company. 

Thanks!
@Jason Hsiao

Hi @Chris Mason, That's great! I'll definitely contact you once I decide to go ahead to purchase the property. Thank you very much for your post!!

Hi @Chris Mason If I can do 10% down then I'd do 10% down happily :-). My impression is that lender requires 20-25% down for investment rental property. Not sure if this also applies to short term vacation rental. 

Thanks!

Hi 

I am new to vacation rental investment and am currently looking into South Lake Tahoe area. Is it easy to have a positive cash flow assume 20% down with traditional finance? How much does the property management service cost (percentage-wise of the rent)? Any pitfall I should look for when analyze a short term vacation rental in South Lake Tahoe.

Thanks in advance.

Hi @Justin Brophy,

Good to see your post as I also start looking vacation rental in South Lake Tahoe area (especially Tahoe Keys area). I am totally new on vacation rental investment and not sure how difficult to get a positive cash flow on short term vacation rental in South Lake Tahoe with property management company handle everything (all of bookings and cleaning ...). 

Hi @Chris Mason, 

How lender evaluate loan on Tahoe vacation rental. 

Hi @Matt Hoyt,

It'll be great if you can help elaborate. Any pitfall to avoid for new vacation rental investor? Thanks in advance. 

@Tom Ott , Thank you for the 2 blog you wrote. They are very helpful.

@Vivek Khoche, Thank you for the forum discussion link. Yes, I read through the thread and need to rethink the turnkey strategy.

@Alex Deacon, Thank you! I'll PM you after I rethink my turnkey strategy.

@James Wise, Thank you!

Hi, I am on the verge of investing my first out-of-state turnkey property but I have a question/concern on school rating of the property 

1. Properties seem not in good school district. I checked several properties from different reputable turnkey providers but cannot find a property in good school district (it seems normal to have 2-4 school rating and some properties even have school rating 1). Is this normal for turnkey rental?Should I ignore the bad school rating of the properties and look only cash flow? Is there any turnkey provider with properties in good school district (>7).

Thanks,

RT