All Forum Posts by: Zach Lemaster

@Filipp Nesterov

I'm happy to help however I can.  Sounds like you have a solid plan in place to start.

Feel free to reach out at any point in time with any questions on STRs.  I have quite a bit of experience in this area with my own portfolio.  Each market is very unique however.

Best of luck to you!

@Filipp Nesterov

How confident are you in your STR numbers? Sounds like that could make or break this strategy for you in the future. STRs can vary significantly & we've found that it takes about ~3 years of STR activity to optimize income with repeat guests, online visibility/activity, etc.

My recommendation is to go with strategy two to live where you want and find a way to get into the rental game another way with a partner or another way.  Maybe you could turn that into a rental eventually?

Hope this helps. 

@Jonathan Foux

Always here to help!  ; )

Legislation changes no doubt!  That and areas that are very "seasonal."

Personally, I would recommend investing in areas that have established laws and regulations and avoiding areas that do not have any sort of legislation to avoid things changing at the drop of a hat that changes your entire investment strategy...

43% appreciation over the past ~4 years!  Definitely a market we like long term if you can make it cash flow in the meantime.  SWFL is an excellent market!  We also like Cape Coral, Lehigh Acres, North Port, etc.

Personally I recommend suburbs around KC like Raytown, Blue Springs, Independence, etc.  Better schools, tenant demographics, income levels, etc.  Just my opinion on the MO market if you are open.

buildertrend an appfolio are great starting points for accounting and PM.

@Rolando Leos I recommend looking at markets where the numbers do make sense for you're current market does not.  Some recommendations I would suggest would be OH, IN, AL, MO, FL, TX & SC.  Those are just states I invest in where I can cash flow positive with 20% down, specifically with new construction.

@arron paulino, best recommendation is a LOC for a new LLC. Check local credit unions first.

Midwest markets we like: OH (Cleveland and surrounding locations), IN, MO.