All Forum Posts by: Tanner Marsey

Wow. Sounds like you’ve already done your research. That’s a super low vacancy rate (on a year round basis) for a location like arrowhead, big bear, etc....  you can rent them pretty much every day during peak season but off season usually sees a steep increase in vacancies. Maybe there is something keeping arrowhead occupied in the summer months that I’m not aware of. Either way, it sounds like you’ve done your research. Somewhere between 6k-19k profit/year plus access to a home in arrowhead..... sounds like a win. Good luck. And keep us posted! 

I do not like the arbitrage model what so ever. That said.... there is for sure money to be made doing it. I would double your utilities and increase your vacancy rate. Those numbers you’re using are best case scenario, year round....

Lots of wear and tear on STRs. Be sure to account for that.

Bottom line, make sure everything is accounted for. Be conservative with your numbers. Make sure the property owner is up to speed/aware of everything. If your numbers still work.... move forward.

Very personal question. Have to do what is right for you. Being 100% debt free is priceless to some. I would say sell it. Enjoy being debt free. Go hard for a year. You should be able to make something happen or at least get the ball rolling. Also, if you have to keep doing hair, part time or on the side or whatever to make ends meet.... don’t hesitate to do so. Do what ya gotta do.

Mark it up, sell it, be done with it and enjoy your profits.

You’ve worked with this guy before? Has he done you wrong in any way? If you guys have a good working relationship pursue this deal further but tread lightly and do your own DD. If you think this guys a scammer.... on to the next one.

It’s ALWAYS price.

Sounds like nothing but free money to me! Just let it go month to month and if anything more arises that warrants a non renewal then that’s easy enough.

I would use your friend. But be steadfast in your numbers. If you know your numbers and stick to them all the realtor is doing is facilitating the transaction. Taking care of the formalities. Buying a piece of property is not rocket science. Good luck. Support your friend in her new endeavor.

@Ann B.

If it’s been for sale for a while now I doubt you need to worry about getting an edge on your competition. Make a reasonable offer that fits into your plan. If they take it.... great. If they want to negotiate.... great. Either way, make an offer and get the conversation started.

Refinance the home of that makes sense. Otherwise, enjoy living in Orange County. Over the years after appreciation, mortgage pay down, increase in rent and inflation.... you’ll be good to go.

Investment properties and primary residences are two VERY different things.