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Medium-Term Rentals

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Ab Okoeguale
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I have decided in investing in Arlington TX for MTR/STR.

Ab Okoeguale
Posted May 26 2023, 04:35

Hi House.

I have decided toinvestments. Luxury 2bed 1bath condo in Arlington TX for the MTR investment strategy. I am interested in hosting Transplant patients,TNs ,Medical professionals, PHD STUDENT'S, working professionals etc.

Do you think it's a wise decision, this is my first investment.

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Jeff Nash
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  • Accountant
  • McKinney, TX
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Jeff Nash
Pro Member
  • Accountant
  • McKinney, TX
Replied May 26 2023, 04:46

It sounds like a good strategy to me.  Me and @Denver McClure are in DFW if you want to chat and connect.  

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Ab Okoeguale
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Ab Okoeguale
Replied May 26 2023, 05:03
Quote from @Jeff Nash:

It sounds like a good strategy to me.  Me and @Denver McClure are in DFW if you want to chat and connect.  


 @jeff. .. I will do as advised.  I would need an agent to work with.

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Jeff Nash
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  • Accountant
  • McKinney, TX
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Jeff Nash
Pro Member
  • Accountant
  • McKinney, TX
Replied May 26 2023, 05:06

@Harrison Sharp is an agent that you might connect with as well. CPA too so I’m partial!

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Harrison Sharp
  • Real Estate Broker
  • DFW
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Harrison Sharp
  • Real Estate Broker
  • DFW
Replied May 26 2023, 07:27
Quote from @Ab Okoeguale:
Quote from @Jeff Nash:

It sounds like a good strategy to me.  Me and @Denver McClure are in DFW if you want to chat and connect.  


 @jeff. .. I will do as advised.  I would need an agent to work with.


 Would love to help you out! Have closed over 65m in sales in the last three years and own a bunch of rentals myself 

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Jamie Banks
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#2 Medium-Term Rentals Contributor
  • Real Estate Consultant
  • Reston, VA
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Jamie Banks
Pro Member
#2 Medium-Term Rentals Contributor
  • Real Estate Consultant
  • Reston, VA
Replied May 26 2023, 13:14

Congrats on taking the first step! Before deciding between MTR and STR reach out to the condo association to determine what type of rentals are allowed. Sometimes HOAs will have rental restrictions in place banning short term rentals.

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Ab Okoeguale
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Ab Okoeguale
Replied May 26 2023, 13:48
Quote from @Harrison Sharp:
Quote from @Ab Okoeguale:
Quote from @Jeff Nash:

It sounds like a good strategy to me.  Me and @Denver McClure are in DFW if you want to chat and connect.  


 @jeff. .. I will do as advised.  I would need an agent to work with.


 Would love to help you out! Have closed over 65m in sales in the last three years and own a bunch of rentals myself 

Which strategy of investments do you do in the DFW area???

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Ab Okoeguale
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Ab Okoeguale
Replied May 26 2023, 13:49
Quote from @Jamie Banks:

Congrats on taking the first step! Before deciding between MTR and STR reach out to the condo association to determine what type of rentals are allowed. Sometimes HOAs will have rental restrictions in place banning short term rentals.


 Thank you ,I would need some guidance from you.. maybe we should connect. 

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Harrison Sharp
  • Real Estate Broker
  • DFW
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Harrison Sharp
  • Real Estate Broker
  • DFW
Replied May 26 2023, 14:40
Quote from @Ab Okoeguale:
Quote from @Harrison Sharp:
Quote from @Ab Okoeguale:
Quote from @Jeff Nash:

It sounds like a good strategy to me.  Me and @Denver McClure are in DFW if you want to chat and connect.  


 @jeff. .. I will do as advised.  I would need an agent to work with.


 Would love to help you out! Have closed over 65m in sales in the last three years and own a bunch of rentals myself 

Which strategy of investments do you do in the DFW area???

 rent by the room, long term, and short term 

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Bruce Lynn#2 Real Estate Agent Contributor
  • Real Estate Broker
  • Coppell, TX
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Bruce Lynn#2 Real Estate Agent Contributor
  • Real Estate Broker
  • Coppell, TX
Replied May 27 2023, 01:40

@Ab Okoeguale Better checkout out the Arlington STR regulations. They are very strict and allow only in a small geographic area. I don't think there are any condos in the designated area.
https://www.arlingtontx.gov/ci...

Basically it is an area near the stadiums.