All Forum Posts by: Sarah Vann DuRant

Have been using awning for almost a year now along with AirDNA and I love it -  the data for FL properties has consistently gotten better and better. Bring back the LTR estimator please! lol

If you decide to venture into the Florida market please don't hesitate to reach out if you have any questions or decide you want some help! My focus is turnkey STRs via creative financing mostly to help out with costs and  cash flow

In parts of FL they are all very off in some places.. Naples, Saint Augustine, FLL & Palm Beach are probably the worst.  I collect true financials from every seller or agent I work with that is willing to share them & all of the websites tend to dramatically underestimate in these areas.. I have had to share them with underwriters on multiple occasions 

 If they ever crack down on STRs in Tampa it could get ugly lol 

Not so dangerous for the seller - dangerous for the buyer as you are now financing 100% of a property. If cash flow is a concern it's a big one usually 

Carrybacks are super dangerous.. but... You can set it up so the seller is the member of the LLC that owns the property so that if you are going under then the buyer is booted out of the LLC and seller takes over ownership. Then of course they can catch up on the arrears and sell the property outright. Message me if you'd like some more input!

Ah good point! And need an LLC to initially secure a lender as well if going that route

Hello everyone! 

Working on a few STR deals with savvy investor sellers and we are wrapping some really low interest rates so the DOS clause concern is very much alive… We have decided to go the land trust route w/ one of the properties to try to be as careful as possible. I've only done one of these and the seller was well versed and kind of led the way so now it is my turn to get educated on it 🤓

After lots of reading/listening/learning I am wondering why do we all tend to use LLCs more than Land Trusts in Florida? Making this state specific simply bc his is apparently the only state where the trusts provide asset protection like an llc.. Obviously in a creative transaction there is extra appeal but even without the creative aspect it seems like a primo option - am I missing something? lol

What type of properties and markets are you interested in? I am a FL agent and focus on turnkey Airbnb/MTR properties via creative financing!

Sent you a message!