All Forum Posts by: Scott Deetlefs

Thank you very much for the advice. It is really appreciated. Will definitely check out the groups and see what they are saying.

I am also looking on the outskirts of Asheville and surrounding areas. Will have to see if those areas are as strict with the STR rules.

And yes, I definitely see that I would need all the amenities and then some to compete with the other STRs in the area. 

What other parts of NC are doing well with STRs?

Thank you all again for all the great advice.

Hello BP community,

I am a newbie real estate investor and looking to get my first investment property. 

I stay about an hour out of Asheville and have been interested in this market for a little while now, while learning and growing my capital.

I was wondering if the Asheville STR market is doing well again since the catastrophic hurricane last year?

Looking to finally pull the trigger and get that first rental this year.

Any advice would be greatly appreciated.

Good day BiggerPockets community,

I am looking for a mentor in the real estate industry that will help me to learn and grow my knowledge on all things real estate. And also to help keep me accountable for my actions steps.

My main focus is on short term rentals, but I am also looking to learn about other aspects of real estate investing.

I am based in Western North Carolina, however, I am currently in South Florida until May.

If anyone knows of any groups or meetups that I could join as well, please let me know. 

Looking forward to chatting.

 Thank you for your response.

Lots to take in and think about.

So are you saying we should go with an LTR first and develop some knowledge/experience before getting into STR's?

Good day BP community.

My wife and I are looking to invest in North Carolina. We are in the process of becoming permanent residents (still a 1 to 3 year process for us), which kind of limits us with regards to loan and financing options. 

We have been saving up for a down payment on an investment property, but we are at a bit of a crossroads with what step to take next.

On one hand, we want to get in the game as soon as possible and have considered getting an LTR property first, so we can begin to learn about the ins and outs of REI. We could potentially afford a relatively good property, we have about $50K to $60K towards a down payment (not great, but good). We have seen a few properties that are within our budget, but would obviously do some more thorough analysis on the properties before pulling the trigger.

On the other hand, we have been more interested in STR's since we planned to start investing in real estate. But considering we have to go with the traditional 20% down payment, we know we do not currently have the budget to get an STR that would stand out and have all the amenities that we would like to be able to offer and be in a great location.

So I would like to ask for some advice from all the experienced real estate investors on BiggerPockets.

Do we get in the game now? And could start making a small amount of cashflow and start gaining appreciation with an LTR.

Or do we continue to save up and get a better property in a good location with the amenities we would like to offer with an STR? Better cash flow, but not sure how long it would take to save up for something worth it.

Maybe I am overthinking it too much.

I know it is not as simple as I am making it seem.

So, any advice would be greatly appreciated.

Thank you very much for the information. Will take a look at the article. Appreciate the help.

Thank you very much. Happy to be here and excited to learn and grow from the people I connect with in the community.

Hi River, 

Thank you for reaching out. That would be incredible. 

We would greatly appreciate any contacts and connections in the area and especially in the STR market.

My wife and I are new to the real estate investing community and would love to make new connections with other investors to learn and grow. Our interests are currently more focused on short term rentals, but we are also interested in many other aspects of real estate investing and looking to make a start. We are close to Asheville, NC.