Hey everyone,Has anyone tried the airbnb arbitrage strategy in the NOVA market?

Don’t know if he owns a Taco Stand or a place at Mar Largo with  a big C at the top or not.  

Quote from @Henrry Novas: Quote from @Francis Nasser: Hi Marc, it depends on what stage of the probate the seller is in.

I feel like so many people in NOVA are stuck in their condos/townhomes all day that they would love to take a vacation in an Air BNB where the area is much less congested!

I can't leave links in this response, but google "no VA loan limits 2020" nerdwallet has a pretty good article. 

I’d consider either a smaller down payment or looking at the Maryland side or a gentrifying dc neighborhood, Nova tends to be the most expensive part of our region especially Arlington and Alexandra. 

The shoulder seasons (Mar, Apr, Sept, Oct) are getting busier and busier helping to add to your yearly gross.   

@Matthew Forrest Sure, here is a link to our listing. https://www.airbnb.com/rooms/3...It is a 3B + loft (which I think is key as the ability to have two families share to cost is a huge add to your ADR)This year has obviously been very challenging given we have had virtually zero STR income for Mar, April, May, September and December.

I have a STR home in Tallahassee about 2 mi from FSU stadium, cashflow is great during football season/graduation/session (jan-mar).You'll need someone who is specialized in turning properties over more often (cleaners, checking for damage, restocking essentials like coffee etc).

My recommendation for slightly conservative occupancy numbers would typically be Oct-Mar at 90% occupancy, Apr-Sept at 50%.