All Forum Posts by: Caileen Gonzalez
Caileen Gonzalez has started 0 posts and replied 7 times.
Hello @Christian Ortega I am also a novice from New York so I thought I'd say hello! Also, thank you for your post, I look forward to the recommendations from the veterans. Best of luck!
@Dmitriy Fomichenko your response is informative. Although it was not intended for me, it is also helpful for me, thank you.
Post: Orlando, FL and Raleigh, NC markets for out of state BRRR’s
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Thank you @Andrew Ashby I will keep that in mind.
Post: Orlando, FL and Raleigh, NC markets for out of state BRRR’s
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Hello all,
I am from NYC but have a lot of family in FL. My mother and I want to start investing but cannot get into the NY market even if we wanted to right now. We have been looking at houses in Florida and talking to friends and family but would appreciate talking to some investors and real estate professionals about the Orlando and surrounding area. Any recommendations would be greatly appreciated.
Best of luck @Ryan Judah I would love to connect and discuss the Orlando area.
Also, @Andrew Ashby I would also appreciate any recommendations that you may have.
Thank You,
Caileen Gonzalez
Post: Vacation Rentals in the Poconos
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Originally posted by @Eric P.:
Originally posted by @Danylo Bohdanov:
@Caileen Gonzalez
Hi Caileen, I'm also new to this. I have the same question, how to estimate occupancy rate. This is what I did. I selected the area I'm interested in, choose a several houses which I think are similar to what I was thinking about to buy. Then I just monitored each week/weekend if they are avaliable for rent or not. Not sure if this is the best way, maybe we can get an advice from experts.
That's a reasonable way to estimate occupancy rate. But, as others have mentioned, the entire Poconos is in regulatory flux right now since that Pa supreme court decision this summer. Now each of the Poconos townships is in the process of creating its own STR ordinances. If, after reading this entire thread, you still think the Poconos is the best place to invest your money, then I would strongly advise that you wait 6 months to buy in order to see what regulations & ordinances get passed by all the different townships.
Otherwise you’re playing with fire if you buy something & STR gets banned or restricted in that particular area 6 months later. Then good luck selling the house you just bought (or trying to find long-term tenants) when everyone else is doing it too at the same time bc of a new regulation! Just look at what’s happening in Hawaii right now after their new STR laws took effect:
https://www.kitv.com/story/408...
From that article:
Some of those former rental properties are already up for sale, and more are expected to hit the market. Not just from that property but all around Waikiki.
"There is a bit of a panic and frenzy start to develop," said General Manager Tom Lonigro. "This has the possibility of creating a direct and devastating economic impact.”
Post: Vacation Rentals in the Poconos
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Originally posted by @Danylo Bohdanov:
@Caileen Gonzalez
Hi Caileen, I'm also new to this. I have the same question, how to estimate occupancy rate. This is what I did. I selected the area I'm interested in, choose a several houses which I think are similar to what I was thinking about to buy. Then I just monitored each week/weekend if they are avaliable for rent or not. Not sure if this is the best way, maybe we can get an advice from experts.
Post: Vacation Rentals in the Poconos
- Posts 7
- Votes 1
@Mark Miles I really appreciate your thorough analysis of the Poconos. I recently began considering getting into STR over there but saw some of the facts that you shared and wanted to dive a little deeper. I'd love to connect to talk more about investing. I am still new to this so I was wondering how to figure out annual occupancy as I would like to analyze different areas. Thanks again!
Post: Looking to Network with Rental Investors & Agents in Northern NJ
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Hello Damani,
I, too, am interested in investing in Northern Jersey. I have not looked into numbers yet or have I gone to meetups. It's safe to say I am a couple steps behind you. Are there any meetups that you would recommend? Also, what do you think about the taxes? People keep talking about how much taxes have gone up in NJ, does this worry you?
Regards,
Caileen