All Forum Posts by: Todd Connelly

I own a house in North Port, Florida (right on the border of Port Charlotte). I am in the process of closing on another house in Oregon. I can't really afford to pay two mortgages. Are you looking for a house to buy or manage here in Florida, as an airbnb, etc? The house, if listed to sell, would likely be in the $320k range. It was built in 2021. 3/2 on a narrow canal with 10k sf lot. There is new construction in the area.

Thanks,

Todd

 I'm 62

Hello fellow BP investors. I'm seeking advice/input from someone in Florida, who may be familiar with the rules involved in investing/flipping mobile homes in 55 and over mobile home communities. I plan to call a few park managers to learn more about their rules for sub-leasing, etc., but wondering if anyone in the group has any experience with this market. I see many mobiles on CL for under 5K, which need a little work (maybe 5K), but ARV is close to 15K, on average.

Could I make a quick 5K or so on these? I mean... how difficult are the park associations/management to work with as an investor/landlord? 

I'm a remodeling contractor, so I don't mind putting in the labor to cut expenses. 

The going lot rent appears to be around $500 per mo on average and I may offer lease options to buyers if this is doable... 

Any feedback is greatly appreciated.

I would be interested in doing this in Florida. Great information in this thread

Hello BP members.

I have another post where I explain my current situation as a full-time RVer, temporarily living in Key West, FL. I'd like to stay here in the Keys for a while, but also invest in/manage Airbnb's or other STR's in another (more profitable) area.

I'm looking at purchasing a course to help learn my way around, simply because I'm hoping to learn quickly, and find a short-cut!

If you have experience in managing rental properties (which you don't own), remotely, could you please offer any advice for how to get started? I've been looking online for help/courses to get me started in the Airbnb biz. I'm currently looking into Brian Page and his BNB Formula. I also just discovered that Udemy has a lot of information/courses.

I realize that the information I need could likely be found here on BP, but I think I learn better with a step-by-step method. FYI, I've flipped a four-plex years ago, which was profitable. I was a remodeling contractor for many years, so this came naturally. However, this bnb thing sounds like a lot less work, and more money in the long run.

Key West is such an odd duck, that I think I'd like to steer clear of investing here.

Thanks!

I hope you had a great time visiting. 

Great observation! I hadn't considered Homestead, but it really makes a lot of sense. 

 Thanks Krystal. I don't see a way for me to purchase anything outright, but would it be possible to wholesale a property by assignment, wholesale a assign a lease option, etc... those are a few questions I have. I've been doing some research about Airbnb, which I thought may have potential. Just not sure if this is the best area to get my start!

I appreciate your input.

My wife and I are full-time RV enthusiasts, and brand new RE investors. We only have one rehab to brag about. It was a four-plex we flipped back in 2011. We didn't make a ton of money, but were surprised at how the minimal repairs increased the value, and how fast we actually sold the units!

These days, we live in our 40' motorhome, full-time, and work in RV resorts across the country. We are park hosts, reservation agents, etc... basically whatever is needed by the park. We've been working at a park in Key West for about six months, and recently began to look into investing in this area. I sense opportunity here.

But, Key West is an odd duck, for sure. It is overrun by tourists for most of the year. The only slow times appear to be from August thru October. You can count on a hurricane every few years, so home insurance is sky-high. And, the town is party central (for those not familiar).

When researching the Airbnb potential, I found that there is a 28 day minimum stay requirement... so, I don't know if that would be a good fit or not. Hopefully, someone reading this will be more familiar with the area and be able to offer some investment tips.

So, if you were physically living here in the area, and had a background in construction/remodeling, how would you approach RE investing? I feel like there is opportunity here, but just can't put my finger on the best approach!

Thanks for any input!