All Forum Posts by: Kurt Kwart

Moms got spots in SW Florida and she likes being down there for the winter. I think you play to what you like. Maybe check out the STR University guys videos. It's great content

2 Votes

@Timothy Maldonado

2 Votes

Originally posted by @Robert Lasko:

@Kurt Kwart I'm new to Atlantic City and see your name pop up a lot on here. I'd like to connect with some like-minded locals. Do you still do any kind of meetups?

Robert Lasko

Thankfully a group started a monthly one and I go to that when possible. here is the link to the April meetup:

https://www.facebook.com/events/424077121729944/

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@Matt I. great move!!

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Originally posted by @Joseph ODonovan:

@Kurt Kwart Hey Kurt, I hope all is well. I know you are very well versed in the AC market. Do you Airbnb any of your AC properties? If so, are they at least 3 Beds, 1.5 bath, as I would think anthing smaller would be competing directly with casino hotels. Are there any sections to stay away from?

It looks like people are doing them everywhere but walk ability is a big factor. I’m thinking bigger is better vs 1 bedroom but won’t be able to test that until later this year

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Originally posted by @Mark Cruse:

@Joseph ODonovan

I'm there a few times a year and I know people who live there. They are always telling me about vacation rentals where the owners are making great returns. I also own a timeshare and there are plenty of people who visit. However, like you said many dont venture far from the strip. Since I'm there so much it would be nice to have something but like you said the taxes are very high. I'm in the research phase now just to see if its's feasible.

If you look at the map on Airbnb there are rentals all over the city

1 Vote

Originally posted by @Adam Scheetz:

@Kurt Kwart I didn’t even mention the FAA or Aviation industry there. There is definitely a presence. Thanks so much for your response!!

Is this the first property you will own? Personally I don't like flipping that much but the first time buyers market is stable here now. That ARV seems a little high (and maybe the rent numbers too) but I don't know the specific area. If it's going to be sold to a first time buyer, keep everything as "affordable" as possible. If you are young and the first deal have you considered house hacking?

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Originally posted by @Michael P.:

What’s west of AC, empty space and then Philly? (Joking) What are the drivers?

Lots of commuters. With no traffic you can get from AC to Philly in 45 minutes and NYC in under 2 hours. Most people in the 20 mile radius of Philly, on the NJ side, commute in. Beyond that 20 miles gets into lots of farmland. Then about 20 miles out from AC it gets more dense.

The FAA tech center is a key airport and airport research center for the govt. All Airforce One service is done there along with fighter jets that can be in the air quickly.

Most of the "Shore" (beach towns besides AC) are expensive second home markets

1 Vote

I love Philly and did what I could to diversify there but stuff was so cheap here that I couldn’t resist. Basically was getting 3-4 houses for the price of 1 in philly. Plus I’m local and scrappy so for now I’m playing to those strengths

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All Forum Posts by: Kurt Kwart

Kurt Kwart has started 30 posts and replied 408 times.

Post: What is going on with this market?

Post: STR - Ventnor, NJ, Poconos, PA or South Florida?

Post: Architect looking to Invest

Post: Atlantic City Real Estate Investors Meetup

Post: House Hacking a Single Family

Post: Atlantic City Vacation Rental

Post: Atlantic City Vacation Rental

Post: [Calc Review] This Deal looks SOLID, but you decide!

Post: [Calc Review] This Deal looks SOLID, but you decide!

Post: Which city is poised to make a MAJOR comeback?