All Forum Posts by: Brian Barch

Minimum to get a view in BR is $400K, and that's the minimum.  Those without water or a view are struggling in this market unless they bought pre 2021.

Unless it's a double wide, not sure I've seen places in those price ranges.  You might consider further north into Murphy, Marble, Andrews, etc. to find more bang for your buck.

But in general, BR is saturated now and I'd only advise if you can "do it right" by investing with a view, game room, true log cabin, etc.

3K profit sounds extremely difficult.  $1K might be realistic.  Your best shot may actually be finding a diamond in the rough area where you can buy a house for $125K, put 75K down, and spend 25K to really design/furnish and improve the property.  hope the design and uniqueness can bring in 4K/mo in rent.  I'm convinced some of those communities still exist out there, they just aren't well known.

I’m in the n ga mountain market. I would be cautious buying a home without a Mountain View or water access. I would also be cautious using historical returns.

lastly, real estate is a long term game, where you take into account taxes benefits, appreciation, cash flow, leverage, debt paydown, etc

Can also look into PMs like guestable, awning, and keybee which are much more reasonable 

Uhhhh….just find a property manager

Awning.com is best in my opinion.

rabbu is worth looking at, however I find their data estimates to be very low

I’ve heard of them, but not any reviews personally. How much do they charge? I wouldn’t pay more than 15%….

I wanted to throw some counter advice out there. I totally understand that the math usually pencils out in favor of self managing, much like it does for mowing my own lawn. However, I think the route that is best for each individual will depend on your goals and your personality type.

I don’t want to have to respond to guest inquiries and coordinate cleaners, I just don’t. I understand why others say it’s not difficult, however with 3 kids and a big boy job, I don’t want to spend my Xmas vacay answering a bunch of requests. I like the mental piece of mind knowing there is a buffer (PM there). It also means I can scale. They stay on top of SEO and dynamic pricing, and back to back stays, etc. they work with the hot tub person and the pest guy, etc.

I like awnings. It does not include cleaning fees like airdna does. You can also pull comps.

rabbu is woefully bad. I wouldn’t blindly use any, and with a decision as big as a home purchase, I would triangulate all of them and use a conservative estimate from there

I would go used, but depends on the local market. I bought a turnkey STR that came with a hot tub, people rave about the hot tub (despite it being older)

Of course it can still be a good investment.

the days of the average joe/Jane jumping in without knowing what they are doing and still making a profit are long gone. But that was an anomaly anyway.

do you want to be an STR PM/host? I think that question needs to be a part of the equation