All Forum Posts by: Barry Belknap

thanks for all the great info and opinions. I appreciate them. Exit strategies are very important so making sure the property can work in other facets is key. I see very clearly that there are extra expenses with vacation rentals but 2 to 3 times what a regular rental would be? That's what the income potential is for many of these. You might get $2200 for a house on a long term lease but over $5000 with 80% occupancy as a short term rental. It's takes some work but not impossible. The big thing mentioned is the unknown of future regulations and "hotel taxes" from cities (always looking for more money any way they can!) thanks again

I'm considering Hawaii in particular but was wondering in the broad market as well, does the 50% rule hold true for vacation rentals? I know the expenses are different given the nature of the revolving door that vacation rentals are. From those who have experience in this space what have you found to be the case? What is s safe quick assumption to calculate expenses if the 50% rule doesn't hold true? Thank you all for your insight. Barry

Hey James. Welcome. I'm new as well and in your area. Good luck

hi my name is Barry from the Inland Empire. My wife and I are wanting to get into small multi-family units in our area. I have s construction background so I'm willing to take on some fixer uppers.