All Forum Posts by: Stephen Gooding

Thank you @Mitch Davidson and @Ryan Howell. 

Mitch, if you hear back from your friend regarding the agent, let me know. Since you're looking in that area too i'll keep you posted if i find anything interesting out that way.

Hi all,

My wife and I are looking to purchase a STR investment property in Western NC and we really like the Highlands and Cashiers area. Curious if anyone here can help us with a few questions:

- Any recommended realtors in that area with STR experience?

- Highlands recently banned STR rentals, effective in Jan '22, but only for properties in R1 zoning. For any current investors in that area, are you concerned with that rule expanding outside of that zone and into surrounding areas?

- How is occupancy? is it seasonal? I am looking at AirDNA and using the enemy method on AirBnB but there isn't as much data as in other markets and harder to get a read on it.

Thank you!

Stephen

Hi all,

My wife and I are looking to purchase a STR investment property in Western NC and we really like the Highlands and Cashiers area. Curious if anyone here can help us with a few questions:

- Any recommended realtors in that area with STR experience?

- Highlands recently banned STR rentals, effective in Jan '22, but only for properties in R1 zoning. For any current investors in that area, are you concerned with that rule expanding outside of that zone and into surrounding areas?

- How is occupancy? is it seasonal? I am looking at AirDNA and using the enemy method on AirBnB but there isn't as much data as in other markets and harder to get a read on it.

Thank you!

Stephen

A partner and I just started looking into this asset class. We do not want to operate the business, just run a NNN lease to the operator. How are you all pricing in your market? Curious as to lease rates if the tenants are paying the operator between 3500-4000 per month.

Thanks gents, i appreciate your input here.

Hi all, newbie here and i'd appreciate your thoughts on a MHP i found. The plan is to 1031 my single family rental property to go towards this one. 

-asking $350k

-12 lot rents at $300 each, 1 single family house at $800, gross income $52,800

-expenses $14,298, NOI: $38,502

-100% occupancy on lots and SFH

-city water/sewer

-"known issues" listed: park could use landscaping improvements, homes are older models but tenant owned, recently purchased with limited books and records

Thoughts? I think the numbers look good, but could use some help on additional due diligence questions I should be asking. Thanks in advance.