All Forum Posts by: Wendy Vaidic

@Justin Wells Congratulations on beginning your RE journey!  I am an investor & Realtor in Brevard County.  if you or your wife have any questions about either feel free to reach out.
House hacking is a great way to start.

I did find several multifamily properties available under 500k, but I’m not sure how flexible you are on location.

If you cannot find a multifamily you could also rent by the room, but that’s a whole different level of house hacking.

My son asked me for input on buying a home in Hampton, GA, and I don’t know much about the area.  Is anyone familiar with this town that can give me feedback on what the rental market is like (he’d like to house hack), area to avoid, rockstar realtors, off-market deals etc..

Thanks so much.  I don’t know what I don’t know about this area.  Budget will probably top out at $325,000.00 but less is better.

Thanks!

 Interesting perspective.  "When others are fearful be greedy and when others are greedy be fearful." 

I definitely was in the never California camp because I assumed all of California was ridiculously skewed toward the tenant.  I'll look into the area you suggested.  Thank you!

We have a beach STR & we've decided we'd like our next property to be in the mountains. Are there mountain towns where sub-600k homes cashflow? We're willing to BRRR so numbers will work & are willing to pay more for multi-cabin and/or super unique properties.

We checked out Blue Ridge, GA this week & loved the area but the numbers don’t seem to work at these rates.  We will self-manage from a distance.

Thanks!

Hi @Adam Marx!  Congratulations on getting started in real estate investing.  

We have flipped many properties in Brevard, although we have pivoted to short term rentals the last few years.  I initially had the same plan as you.. flip, flip, hold but didn't end up holding.  Boy, I wish I did!  We would have so much more  wealth in equity if we had.  

If you have any questions feel free to reach out.  

Great post!  Thanks for sharing your insights on how to balance maximizing ADR, while not missing out on bookings.

 I agree, for Pricelabs to work best it is not set it and forget it.  You need to adjust settings based on the changing market and new offerings in your area.  

Are these charts from the Pricelabs market data?  

Hey Glen! There is a REIA meeting in Melbourne every month. Shoot me a message & I will give you the details.

Thanks!

Wendy

If you're confident in your ability to build a team give it a try.  You can always pivot later.  There's also the option of hiring out portions of it that you don't enjoy.  

I would definitely suggest staying in your property a few times a year if possible so you can keep an eye on things and experience what your guests do.

I love Pricelabs.  It gives me a great idea of demand & has a lot of features to fine-tune the pricing.  Their customer support is great too.

That said, I don’t suggest set it & forget it.  Keep up on local events, competition prices etc to ensure your prices remain competitive without leaving cash on the table.

I believe you can try Pricelabs free for one month & then it’s only $20.00 per month.