Michael Elefante
The Fast Path To Financial Freedom -How We Did It In 1 YR w/ STRs
12 July 2024 | 155 replies
We did Airbnb. 95% booked year round but low rates at $50-65 per room per night which was the gong rate in our neighborhood so with paying for cleaning and supplies we didn’t make much at all our first year.
Chi Zhang
Material participation while managing renovations at a remote property
10 July 2024 | 11 replies
I’ve already met that requirement at this point if I include my 6 hour round trip driving to the property from my primary residence every week.
Zander Kempf
Feedback please - What would be useful in a course on RV parks?
8 July 2024 | 3 replies
I would want a park that would be mostly full year round... but those probably aren't for sale too often.2- Accuracy of the financials.
Robin Hopkins
North and South Carolina vs Florida
9 July 2024 | 12 replies
Myrtle Beach, Charleston, Wilmington, OBX...If you are looking into flips or brrrrs I'd suggest outskirts of Charlotte and Round Rock, SC (about 30 min from CLT).
Kia Grine
Are Short Term Rentals allowed in South Lake Tahoe?
8 July 2024 | 12 replies
The year round demand with two peaks (ski season and lake / beach season) combined with a lower regulation threat make them pretty good places to own an STR.
Eric Lahoda
Lease term month to month
10 July 2024 | 11 replies
I do 12-month leases all year round and it actually produces more income.
Brian Cannon
Seeking Advice on Hot & Cold Markets for STR in 2024
7 July 2024 | 7 replies
For instance, the Poconos have remained a popular option because of its year-round tourism draw, with skiing and lodging in the winter, hiking in the fall, and camping around lakes in the summer.As others have said, going into markets with one draw is risky.
Amit Desai
Can Second Home be use as Rental Property (AirBNB, VRBO etc)?
8 July 2024 | 22 replies
Fannie Mae's guidelines verbatim are as follows:Must be occupied by the borrower for some portion of the yearMust be suitable for year round occupancyBorrower must have exclusive control over the propertyMust not be rental property or a timeshare arrangement (this has the following disclaimer in the guidelines: If the lender identifies rental income from the property, the loan is eligible for delivery as a second home as long as the income is not used for qualifying purposes, and all other requirements for second homes are met (including the occupancy requirement above).Cannot be subject to any agreements that give a management firm control over the OCCUPANCY of the propertyThis means that as long as you intend to occupy the property some portion of the year, you could absolutely rent it while you are not using it.
John Moseley
Has Anyone Heard of Tim Bratz?
8 July 2024 | 42 replies
Their coaching is not cheap, but I think the thing that separates them from the one-time seminar gurus is that they offer a series of classes designed to deepen their student's knowledge so that they end up with a well-rounded education, versus what you can get (and retain) out of a single 3-day fact-filled seminar.
Diana Mulvihill
System for Local 'Boots on the Ground'
6 July 2024 | 12 replies
Frankly, if I can find good ones then anyone can.Our place is a long way from town and finding someone to drive 2 hours round trip ain't easy.