All Forum Posts by: Akash Dedhia
Akash Dedhia has started 4 posts and replied 19 times.
Post: College towns viability for STR's
- Posts 19
- Votes 3
Hi Everyone,
I wanted the consensus of this forum on viability of college towns for STR's and how accurate is the data provided by Rabbu.com?
Post: Is Miami too saturated for Air BnB?
- Posts 19
- Votes 3
any thoughts on sean rakidzich's take on arbitrage
Post: I've built an app to compare returns for tiny homes, cabins, domes, and more | Airbnb
- Posts 19
- Votes 3
Quote from @Steven S.:
Quote from @Germán Rimoldi:
Quote from @Chris Seveney:
@Germán Rimoldi
Reading this the question I have is:
What problem are you solving for people and what are you making life easier for them.
Hi Chris,
We compare Averge Occupancy and Average Daily Rates for each asset class (cabins, tiny homes, domes and more).It sounds similar to my app on the residential market values & comparables in LA/Ventura & the SF/Bay Area, you can go use it for free I just posted a guide with access, if you click my profile you can pull up the post.
And to @Michael Baum's point, I am the only one who really sees the value (literally no clients), but that's because I'm the only one to have integrated it into their daily workflow. If you review/underwrite a lot of residential deals in LA/Ventura or the SF/Bay area, I am certain If I sat you down and showed you how my tools help you evaluate a property & the market, you would be sold and on-board, but that's the game with apps like this, how do you get people to integrate? I tried to solve this by using & refining it, building out different charts and changing the layout to make it something actually enjoyable and the best tool possible to use in the position I am in. After all, I am the one using it! Only time will tell.
Just started posting about it, expecting some to love it some to hate it, but curious what you think being it sounds like you are already underway with this project
Post: Denver hellbent on taking STR License
- Posts 19
- Votes 3
what are other such city states to be avoided for complicated regulations?
Post: Price of entry too high?
- Posts 19
- Votes 3
Quote from @Luke Carl:
Quote from @Pamela V.:
Hi, everyone. My husband and I have been saving for almost a year to invest in our first rental. To me, STR is the only thing that makes sense for us, as we are 40 with 2 kids, and looking for the highest cash flow possible to allow for quick scaling and then freedom from the 9-5. (I recognize that the halcyon days are behind us, and this may still be a 5-10 year process.)
I have been reading the books and listening to the podcasts, so I pulled a pricelabs market analysis on our first choice (dream) market, and then looked at the MLS to determine what price range we would be looking at. 🤯 Went to our more local second choice, driving distance market— 🤯. Million dollar and up for even modest properties, 2 or 3 BRs, no pool or beach front.
Silly me was proud of saving almost 30k this year, when it will likely not even get us close to our goal of 2024 purchase. How do you even get into these beach STR markets as an average person? We make decent money, but it sounds like off-market deals are slim pickings these days, and I doubt we would qualify for a 900k mortgage. A bit of quick math at second home mortgage rates also tells me that breaking even with MLS prices the way they are right now would be a stretch.
I’m happy to put the work in to find a deal, and be patient, but unless you already have a cash flowing property to provide substantial leverage, I can’t see how this is realistic for an average person. Am I relegated to B markets? LTRs in small cities? I am missing a piece of the puzzle I think.
Help!
TIA….
To comment on your title.... A buyer always thinks the price is too high. And a seller always thinks it's too low.
As for the rest.... You are correct that real estate is very difficult. It's a wealthy persons game. If you've got a bunch of cash you can buy real estate until you get sick of it, and then you can go back to stocks.
However. DON'T Get Discouraged! It is very difficult but it can be done. I've worked 10x harder at real estate than I ever worked at a day job, and it paid off. Stick with it. Consume more content. Join a mastermind. Eat the watermelon, spit out the seeds. Good things will happen! Keep going :)
Any mastermind you recommend?
Post: How to do you do your due diligence?
- Posts 19
- Votes 3
Quote from @Michael Haynes:
Hello Justin Cabral in Doral. You could look at Nicks Reventure Consulting youtube videos. Try AIRbnb Owner's are About to Sell (Massive Housing Crash).
Nick presents an extremely biased representation of data that spells doom n gloom since sept of 2020, almost 3 years in the making i am still waiting for the doom n gloom to come to fruition.
Post: How to do you do your due diligence?
- Posts 19
- Votes 3
Quote from @Brooklyn McCarty:
Use multiple data points to figure out gross; PL, airdna, rabbu, and most importantly the enemy method.
For other costs, reach out to local utilities, they will typically tell you what the bills or estimated bills are.
Also a good agent should be able to you help you with line items too
Must be a stupid question but what is the enemy method?
Post: Top Sub-markets for the Shenandoah STR Market
- Posts 19
- Votes 3
Great info
Warren county i heard has a 90 days wait for permits are there similar complications in the other locations mentioned?
Post: "Shenandoah" STR: What to know
- Posts 19
- Votes 3
Excellent post; Do you have any realtors that specialize in STR for the Shennandoah area. I am actively seeking to get them on my team for getting a protfolio of properties in the area.