We’ve had great success with our listings, regularly achieving 5x the market average ADR on Airbnb and receiving frequent offers from local realtors to purchase.We’re now considering scaling up with a new project and have been approached by a friend who’s interested in partnering with us, providing financing for renovations.

I eventually want to get into building 5-10 houses a year, building myself up to the somewhat more recession proof market (Im thinking $650k+ builds, I also really enjoy lakefront.)

Good afternoon,I’m new to the real estate industry and have been actively conducting market research by driving for dollars in the Austin (ATX), San Antonio (SATX), Houston (HTX), and Dallas-Fort Worth (DFTX) areas.

This should have been an off market listing.

When we take over a property, and the rents are $400 less than what market is, as in your case, there' usually no way that resident can pay.

I am a real estate broker and have access to market data for valuations.

We hired our first acquisition sales rep, Eddie, in July 2019.Going into 2020, we expanded into new markets, including Western New York, Wichita, KS, and Las Vegas.

Now we ask, is this offering market viable?

This year, I sold 3 of my rental properties (one has a large capital, one at a loss (because I bought it at the top of the market), and the other one breaks even).

My wife and I purchased our first rental property here in Maui in June of 2023 to use as an STR as it was a consistent market, numbers worked, and we live 5 minutes away from the property so self-managing made sense!