All Forum Posts by: Andres Murillo

Hey Demon! Check out Showplace (showplacewholesaleDOTcom). They've done awesome work for my clients and have them earning on the high end of their neighborhoods on Airbnb. 

I can introduce you to some lenders and also help find, analyze and buy the right property. I'm helping investors find and buy STRs throughout CA, GA, NC, and AL. This week I analyzed a fully furnished 9% cap existing STR.

Awesome! Thanks for the effort!

All comes down to budget and understanding of comps. 

I analyzed a property with 14% CoC this week in Big Bear. At first glance it might not jump off your page. Priced at almost $2M with comps that show income potential between $25-32k per month.

Other markets are obviously cheaper but can still generate fantastic returns. I also sent out a Lake Front property for about $500k with a conservative 9% CoC return.

I helped a client close a property in Yucca Valley near Joshua Tree. That property earned almost $20k in December and is scheduled to make $19k in January. 

Yes, it's a good market. 

Are you looking for someone to help manage your STR or for feedback on potential income before buying?

I think it's more important to focus on a location strategy rather than specific cities - especially if you've already identified some paralysis by analysis. This will help you buy-in to the "why" a city will work before you have to actually buy in a specific city. 

LA is tough. Long Beach provides some regulation reprieve but I haven't personally arbitraged any deals there. I regularly analyze properties in LB for STR use and there is definitely potential.

Awning is a great, free tool for pulling comps (disclosure - I used to work there). 

Pricelabs Market Dashboard is also great and inexpensive. 

If you need help analyzing the comps or cash flow I'm happy to help! 🙂

Looking forward to meeting everyone tonight! I'll be there around 7pm.