All Forum Posts by: Stephen Johnston

How did it go? Were you able to get your property back? 

Thanks for the replies! Just watched the enemy method video twice! It's great for what's available now/soon but cant really use it to analyze what to expect months out. Looking at a seasonal market so trying to gauge demand/rates for high and low season. 

I appreciate it!

Hi-- I've been using AirDNA to analyze a potential market for STR's and very much like the product. Can anyone attest to the accuracy of the "Rentalizer" tool?

Overall it seems like a great tool to get a picture of a market but curious as to how it does with projections. 

Any feedback would be appreciated!

Stephen

Hi Wes, congrats on the deal? What area of OS are you targeting? Downtown district is so expensive but Gulf Hills is a little better and seems like a good bet, especially with the new owner of the GH Hotel. 

@Mike Hern why not a personal loan? Those are available all day.

@Mike Hern I couldn’t disagree more. They are not restricting credit, they are existing the line of business.

Just like they’ve exited other lines of businesses over the last 18months. Only this is the more consumer facing where the other exits were commercial centric. Cutting unprofitable and high expense product lines has been a goal since the new CEO.

@ Rohin Dhar you mind find this interesting. 

Caio-- my advice would be to invest in the 401k only until you reach some target number, say 10k for example. There's other advantages to investing in a 401k than what would show up on an excel spreadsheet. The psychological pressure of feeling like you "have" to put your money to work will be tough if you decide to just save up for RE investing. You could pressure yourself into a doing a bad deal bc you're tired of sitting on the sidelines. 

But, you have a substantial chunk in your 401k and THEN start saving for RE it'll take the pressure off since you know your 401k dollars are still working while you look for the right deal. 

Plus  there's something satisfying about knowing I'm continuing to invest every two weeks in any environment, down markets and up markets. Whatever you choose to do, giving up the employer match (a certain 100% return) would be un-advisable. 

Best of luck!

@Nathan G. Caveat Emptor! “Buyer Beware” if someone wants a guaranteed stream of income, buy a US Treasury Bond. Everyone else should do their due diligence.

@James Stayton you could get quotes and contractor info together for the buyer. That way if it’s something they are concerned about you’re making the decision as easy as possible for them.