I have 2 in the area. Love it. https://www.airbnb.com/rooms/4... this is a short term shop market just join them for a consult. I'm sure matt gardner will be along soon as well. The house in the link I posted gross about 170k last year.
winters are empty. 3-4 months of empty. which is awesome. I was afraid of that before I bought here. now I love it. I like that I get a breather. Why work 12 months if I can only work 8 or 9. You will need to self manage if you didn't already know that.
I have 2 in the area. Love it. https://www.airbnb.com/rooms/4... this is a short term shop market just join them for a consult. I'm sure matt gardner will be along soon as well. The house in the link I posted gross about 170k last year.
winters are empty. 3-4 months of empty. which is awesome. I was afraid of that before I bought here. now I love it. I like that I get a breather. Why work 12 months if I can only work 8 or 9. You will need to self manage if you didn't already know that.
@Carson Bankord - The income potential in the Destin and Miramar Beach areas is definitely stellar! With the rising values, the ratios of potential income to purchase price aren't as strong as two years ago, but there are still cash flowing opportunities to be found :) As an investor, I do highly recommend self managing to the max extent, but as a realtor, I've had some clients with success even using property managers. (@Joe C. is a great example of that! lol). Best of luck to you!
Hey Carson! Destin is a fantastic market and is also just an incredibly beautiful city all-around. Beyond having high cash-flow potential, it also is a seasoned vacation rental market that is not overly strict on their policies. I believe you do need some vacation rental licensing, but it shouldn't be too difficult of a process to obtain. I shot you a PM and would love to talk more about your journey!