All Forum Posts by: Sarah Vo

I totally agree, so many properties there are new and beautiful that there needs to be *something* to really stand out

You make a really good point re: no plan B, and in general I’ve seen the home values in that market depreciating (assuming because of the boom / growth in supply in the last couple years).

I might be wrong here but I assumed that a general trade off between vacation market and metro areas would generally be that strs in vacation markets don’t really have a plan B

I’m pretty split at the moment, but really appreciate your thoughts

Hi everyone! I've been analyzing dozens of markets for STR, and Broken Bow seems to be a good fit for my goals. My priorities are cash flow and tax benefits, and I'm looking at purchasing a 2/2 that fits up to 10 and is along a body of water. I was really interested in a 1/1 on top of a hill (had a bit of a view) but was several miles north of Hochatown, so was talked out of it by my realtor. The 2/2 should be a home run according to my realtor.

I looked at past Bigger Pockets posts and found threads mostly from 2023 or older. I wanted to see if folks had feedback on how the market is doing this year… looking at AirDna (obviously historical data) , it seems like my numbers will work out. However I have heard from my STR coach that a lot of investors in the Broken Bow market are struggling. And I know that the tourism infrastructure (restaurants , activities) has some catching up to do aside from the new casino that is opening up. I'd love to assume a happy path scenario, but I know I need to do my due diligence and not just go off of one or two people's feedback.

What’s the real story? If you’re an investor in Broken Bow, I’d really appreciate your take! 

@Jens Nielsen - what you're saying with the ease of getting a permit is exactly in-line with what I was seeing! Whether or not STR regulations will continue to be relatively lax in Albuquerque is exactly what I'm wondering about

Definitely seems like getting the scoop from a local source versed in STRs is my next step.

 Wow, really appreciate the insight! 

Hi everyone! I'm new to STRs and am interested in Albuquerque. I've done some high level market analysis and have been looking at properties to purchase. I'm getting some mixed results when I expand the number of tools for analysis that I'm using... I know the tools aren't always 100% reliable due to bad data so I'm curious if anyone here as experience with STRs in Albuquerque.

It also seems like STR regulations aren't super strict at the moment - need to register for a permit and comply with various rules around occupancy limits, acknowledgements, etc - nothing too crazy. Am I missing something major? I had also seen a year or so ago that the community wanted to put more restrictions and require a local contact, and limit on number of permits , but haven't seen anything more stringent since that proposal failed.

If you can share your experience, I'd greatly appreciate it! Also in the process of finding a realtor, so if you have any referrals, please send 'em my way!