Twentynine Palms STR investment?

Question

Hi all,

I am currently exploring potential markets for a STR via Airbnb. The Joshua Tree/Twentynine Palms market stands out to me. Does anyone have STR experience in this area and how has that been going for you? Any alternative options you'd recommend looking into? Thanks!

Chris Carr · Answer

@Arwin Nassiri I provided a write up on my thoughts about the hi-desert on this post: https://www.biggerpockets.com/...

Paul Sandhu · Answer

I hear Rosey Palms and her 5 sisters are quite entertaining.

David Brooks · Answer

@Arwin Nassiri Be sure to do your due diligence when considering raw land, and consider particularly the cost of getting water and other utilities to the location and whether you can actually build on the land at all - any structures or improvements within 25ft of a Joshua Tree will be difficult, expensive, and likely impossible in most areas - and you generally can't move them either.

Arwin Nassiri · Answer

@Chris Carr Do you recommend purchasing land in the area and building or purchasing an existing structure? Seems like raw land is very affordable in the area

Arwin Nassiri · Answer

@Ryan Moyer the post included in @Chris Carr’s comment pretty much sums it up! Prices of homes compared to occupancy rates and average nightly rental value are the main metrics I’ve been looking at

Chris Carr · Answer

@Ryan Moyer what dates are you looking? We are going into the high season now.

Ryan Moyer · Answer

Just curious, what stands out about it to you?  I ask because I've been doing research there and have not been as impressed by looking at the calendars there as I anticipated given some of the hype I've heard around it.  I would be interested in seeing opinions/numbers of actual owners as well.

Twentynine Palms STR investment?

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