All Forum Posts by: Brooklyn McCarty
Brooklyn McCarty has started 0 posts and replied 1243 times.
Post: off market deals
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Fb groups are a great place to find off market deals. But don't assume that you won't ever find a good deal on the MLS, because that's not true. Look for things with bad listing photos or have been listed for a long time.
Post: short term rental
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California is not a state I am interested in investing in for STR. I would look into true vacation markets, national parks are a great place to start.
Post: Looking for STR Co-Host (Louisville, KY)
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Have you ever thought about self management? BP has some excellent resources when it comes to self management for STR's.
Also congrats on the reno nearing its end!
Post: Need a clear to close
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Sounds like a sticky situation. Personally, I don't like to be over leveraged like this.
I would work on paying off that credit card debt and then pinching pennies for a down payment.
Post: STR Investing Resources
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The best piece of advice I can give you is to read Bigger Pockets book on STR called Short Term Rental, Long Term Wealth by Avery Carl. It is so comprehensive and covers literally everything. I am coming up on 4 years deep in STR hosting and I still reference the book sometimes.
Post: How many hosts request picture ID confirmation before check in / STR insurance
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Quote from @Paul Meyer:
Hey John. So do you accept instant booking and you confirm or requests then confirm with id? I use to never ask 10 years ago. My homes are more expensive now and I'm 12 hours away self managing so it's making me more cautious.
This is a option. Let them know in the listing that immediately after booking they will be required to sign a RA and also provide you with a ID
Post: Any multi-game arcade machines/vendors you'd recommend?
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Arcade Headquarters. They are based out of the Smokies, but will ship nation wide. They are THE best.
Post: Valued Add (Capital expenditure) with a Master Lease with Option
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Quote from @Michael Baum:
Hey @Ade Brown, it sounds like you will have a hard time making this work in the end.
If I was the owner, I wouldn't allow you to sell the property.
You would take the risk and if you couldn't make it, take the hit.
What I am also curious about it what they want down. Is it like 75% or something?
I would have to ask myself if I can't afford to buy this project, how can I afford to remodel it and then buy it.
Will the owners want the increase appreciation? Not from your remodel, but from general appreciation over time.
Michael said it best.
Post: Validating Rabbu and AirDNA data for N Myrtle Beach/Cherry Grove
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You never want to use just one set of numbers. You want a collection of them so that you can average them together for a better, more rounded number.
I would suggest using both Rabbu and AirDNA, plus other sources like Pricelabs, STR Insights, and of course - The enemy method. This is a great tool to use. Also having a agent who specializes in STR's and who knows the market and the area really well is very important.
Post: Problem collecting payment for airbnb reservation
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I would be calling Airbnb to get this fixed. If they checked in, then you should get a payment.