All Forum Posts by: Tim B.

@Joanna Lilly thank you so much!

@Joanna Lilly this is REALLY helpful. Exactly what I was looking for, thank you so much!

Regarding "seasonal rentals", how long does the rental period have to be to fit in that bucket vs STR?

Thank you again!

We are looking to buy a property in South Lake Tahoe that will serve 2 purposes...

1) As a short term rental when we're not using it.

2) As a retirement home when we are ready for that ( 10-15 years from now ).

The reason I find myself here is that the rules and regs for STRs seem super complex, and are quite frankly scaring me away from the South Lake Tahoe area. While we don't NEED STR income on the property, it would be nice as we won't be there all the time and would rather it not just sit empty.

I guess my question is, is STR realistic in South Lake Tahoe given all the rules and regs in place? It seems like it's only permitted in certain areas, and in those areas, you still have to apply for a permit? How realistic is it that you could actually obtain that permit, I'm assuming there's a waiting list?

Any help or advice would be really gratefully received! Thanks in advance!

All super helpful advice, THANK YOU. Adding turnkey provider research back into my to-do list.

My wife and I have been scanning Roofstock in search of our first rental property purchase. We've read ( LOTS ), listened to countless podcasts and after a year of research and saving we're now in a place where we have the 20% downpayment and can invest in our first rental property.

Roofstock really appeals to us as first timers as it seems to remove a lot of the hurdles that typically face out of state investors ( we live in Silicon Valley and cannot afford a California rental property ). I'd love to get people's advice on their thought process when analyzing a Roofstock property. I would say that we're pretty risk averse given this is our first purchase, because of this we're not looking at "warzones" in the hope of avoiding tenant issues. We're not looking for this property to be something we retire to either, rather one that cash flows "something" and builds "some" appreciation as it goes.

I'd love to use the following Roofstock listing as an example and hear what more experienced investors would think about when analyzing it. It has a lot of the things I "think" I'm looking for, but I'm very certain I'm missing things. Or, maybe by some miracle I'm on the right track? :)

https://www.roofstock.com/investment-property-details/texas/5585-scenic-dr-beaumont-77713/1717037

Many thanks in advance for any responses, again I'm not coming at this from a "I'm going to buy this and want someone else to tell me it's good/bad", I'm more interested in what people's thought process is when assessing Roofstock properties, and it will be super helpful for me to be able to tie that to a specific example.

-Tim

Thanks so much for the feedback, everyone. Lots to think about... (:-)

We are first time investors who having read the books, forums, and listened to the podcasts, are getting close to taking action. We’ve decided that a turnkey rental is likely the best way for us to get our feet wet in rental investments, we don’t have a ton of free time for management, and live in an area where buying a rental property is out of reach ( San Jose, CA ), as such we’re looking out of state. Areas we’ve started to hone in on are Memphis, Houston, and Dallas. We’ve read a lot about these markets here on the forum but I’m wondering if people here have up to date opinions on these markets? Thanks in advance for any responses, these forums have already been invaluable to us!