All Forum Posts by: Sophia Fong

@Peter Cudmore Thanks so much for the response. I'm only starting out and researching different areas and thought Whistler would be good for an Airbnb mainly for occupancy. I saw some properties in Blackcomb/Whistler Village area 1B/1B for about $500K and occupancy seems pretty good. More than ROI, I am more interested in finding one that has good occupancy and net income for now.

I had not looked into financing yet, was going to reach out this week. That's good to know, thank you.

And thanks for the tip on fees. Is strata fees same as HOA? the 1B/1B estimate gross shows about $65K/yr including HOA. I had accounted for property taxes but not tourism fees.

With 40K, you aren't going to get any positive cash flow anywhere in So Cal, no matter where you look. Are you currently renting or do you own? If you are renting and want to get started, my suggestion would be to house-hack a multi-plex. The way I see it, you can either buy a SFR and pay a monthly mortgage or buy a 3-4 plex and pay a monthly mortgage, partially offset with your rental income. It would be hard to say which would result in a lower net outflow because there are too many variables involved and I have no idea where you are targeting. But if you are serious about getting started and are looking to get exposure to the RE market with 40K, this would be one way to get started.

As mentioned above, OOS turnkeys are also an option, but don’t get overly influenced by the low prices. TKs as an asset class are an excellent option for some people because they are convenient, allow for a low-entry point in terms of initial capital required and provide (in most cases) a modest amount of immediate cash flow. But there are plenty of downsides also, which I really won’t get into here. I will say that I have one TK property in the Midwest. It’s performed about as well as I could ever hope for and the PM has been fantastic…but I’m pretty sure it’s the last TK I will ever buy.

With 40K, you aren't going to get any positive cash flow anywhere in So Cal, no matter where you look. Are you currently renting or do you own? If you are renting and want to get started, my suggestion would be to house-hack a multi-plex. The way I see it, you can either buy a SFR and pay a monthly mortgage or buy a 3-4 plex and pay a monthly mortgage, partially offset with your rental income. It would be hard to say which would result in a lower net outflow because there are too many variables involved and I have no idea where you are targeting. But if you are serious about getting started and are looking to get exposure to the RE market with 40K, this would be one way to get started.

As mentioned above, OOS turnkeys are also an option, but don’t get overly influenced by the low prices. TKs as an asset class are an excellent option for some people because they are convenient, allow for a low-entry point in terms of initial capital required and provide (in most cases) a modest amount of immediate cash flow. But there are plenty of downsides also, which I really won’t get into here. I will say that I have one TK property in the Midwest. It’s performed about as well as I could ever hope for and the PM has been fantastic…but I’m pretty sure it’s the last TK I will ever buy.