I sold a 3, 4, and 4 and 1031’d them into nice STR IN north Myrtle Beach.  

That’s awesome, I’m in Long Beach on the east end close to Lido.

My strategy is to pick up properties with individual spaces, like small beach condos, tiki huts or cabins.

I just had someone book one of our beach Airbnbs for Jan-May.

The Gulf Beaches and nearby areas are in high demand and all key indicators are positive year over year.

Is the beach area small or is it big enough to allow separate use areas?

I'm located in Daytona Beach, Volusia County area.

Hi everyone, My name is Joey Shanahan. I am a Registered Dietitian that works in hospital food service as a Director of Food & Nutrition. I am currently trying to educate myself as much as I can before I jump into...

---Year Built: 1794Location: Chesapeake, VADowntown Norfolk: 10 mins Virginia Beach Oceanfront: 30 Mins Airbnb Potential: Likely no due to zoningExisting Tenants: Yes, fully occupiedReal Estate Investing Strategy: HousehackUnit 1: 3/2 | 1200sqft | currently renting at $550Unit 2: 1/1 | 800sqft | currently renting at $550Unit 3: 1/1 | 700sqft | currently renting at $550Unit 4: 1/1 | 680sqft | currently renting at $450Asking Price: $242,500.00Negotiated Price: $230,375.00Seller Credits: 3.7% toward closingInsurance: $1,711Taxes: $1,768Approved Loan: FHA203k @ 3.375%Rehab Estimate: $190,000 with 10% Contingency (based on the contractor I am working with)Total Loan: $436,500.00 (or $421,950.00 if I don't dip into renovation contingency)Closing Date 12/21/20Inspection: PassedAppraisal: Scheduling (if the home comes in lower than we anticipated then going to renegotiate offer price or walk away)Contractor: FHA approved Contractor HiredDeal Analysis: BP Calculator LinkRenovation Plan- Roof replaced in 2019 so all good there- Crawlspace great condition- Electrical updated to 100amp circuit breakers - HVAC on Units 2 thru 4 needs to be replaced- Replacing flooring with LVP- Repainting the Interior - Convert Units 2 thru 4 into 2 Bedroom- Redoing Bathrooms and Kitchens since in bad shape- Rehabbing yard and parking area- Some other repairs to make the home competitiveTalked with 2 Property Managers and ran some compsDesired Rents: $5,000/month.

They are either a month out on schedules or the other 80% are at the beach and won’t show up when they say.