Charlotte, NC · Member since 2017 · 57 posts · 17 votes
7y
That sounds like a great deal! Congrats! Almost 3% rule if I'm understanding properly. Did you live in Atlanta before? If not, how did you get so plugged in to the market to catch such great deals, know where to invest, etc.? Do you have a local team helping? Any insights would be appreciated. Thanks Shaun!
Charlotte, NC · Member since 2017 · 57 posts · 17 votes
7y
That sounds like a great deal! Congrats! Almost 3% rule if I'm understanding properly. Did you live in Atlanta before? If not, how did you get so plugged in to the market to catch such great deals, know where to invest, etc.? Do you have a local team helping? Any insights would be appreciated. Thanks Shaun!
Rental Property Investor · St Petersburg, FL · Member since 2019 · 8 posts · 0 votes
7y
Thanks for the compliment Jason,
I did not have a local team, I have been in the RE market for 14 years in the Atlanta and North GA areas before moving to St. Petersburg FL. I found an off market deal, make a mutually beneficial deal and subbed out the work and did some of the work myself. I believe "one gets what they pay for and puts out in the universe" when practicing in real estate.
Being plugged into the market is one thing, but I learned from this experience to look for the middle road. Not the HOT places but the steady places that may never actually "peak or be trendy" and that make sense when looking at an aerial map for location. Please feel free to reach out through a message for any questions.
I did not have a local team, I have been in the RE market for 14 years in the Atlanta and North GA areas before moving to St. Petersburg FL. I found an off market deal, make a mutually beneficial deal and subbed out the work and did some of the work myself. I believe "one gets what they pay for and puts out in the universe" when practicing in real estate.
Being plugged into the market is one thing, but I learned from this experience to look for the middle road. Not the HOT places but the steady places that may never actually "peak or be trendy" and that make sense when looking at an aerial map for location. Please feel free to reach out through a message for any questions.
Charlotte, NC · Member since 2017 · 57 posts · 17 votes
7y
Thanks for the reply Shaun. Certainly puts things in perspective. And 14 years in the market is quite the accomplishment, so kudos to you on that as well.
Rental Property Investor · St Petersburg, FL · Member since 2019 · 8 posts · 0 votes
7y
Dieago,
I have not ventured into furnished Air bnbs or or any STR strategy as of today. I am looking into it and I am curious what the total net on this would actually be considering one is also depreciating furniture and all other living items within the property. I am looking into in Florida and will try and let you know my findings.