Investor · West Monroe, LA · Member since 2015 · 196 posts · 70 votes
I am interested in investing in vacation rentals, but I'm not sure where to begin learning. Can anyone advise on books or other information that has helped you gain knowledge in this area? Any advice or help is appreciated greatly!
Honestly - the best place for on the ground information you are going to get is through FB groups. Some of them have 1,000s of people in them and they would all be able to talk you through it.
From an investment angle, BP makes more sense because you can bounce ideas off of other people here for investing in different areas of the United States and get information that is useful.
But, let me say this - we have 12 condos and they rent extraordinarily well. But, the condos with the best lakeviews rent more often (30% or better) The ones closest to the amusement park rent better. The ones closest to the lake rent better. The ones with the biggest TVs rent better.
Travelers pay attention to the details and will rent what gives them the most bang for the buck. So make sure to consider theses angles when buying as well.
@Villy Ellingeri have been looking in destin, Panama City beach, ft Walton, st Pete and Clearwater for the last year and a half and can’t seem to find anything where the numbers work.. maybe you can help me look in the right plCes?
I really want a beach condo that has cash flow but also a place I can come 2 times a year as well. I have had to do my deals elsewhere
Please help
Thank you
@Tim Schroeder I just purchased my first cabin this year in the smokies,
I am looking for future deals as well. I would be interested in a partner on a bigger nicer cabin if anyone would like to discuss let me know. Big cabin large deck great view want to go all out and get top dollar
@Brian Warren I'm definitely open to talking about investment rentals in Destin, Ft. Walton, Panama City Beach, and to give you my two cents. If you'd like you can message me. It's probably easier to set up a time to talk on the phone. I'll be happy to answer any questions and to give you my perspective of the opportunities in the area the way I see them.