All Forum Posts by: Cole Simpson

I am trying to learn about pay per click, and wanted to see if anyone had any recommendations for resources or agencies.  Trying to ramp up online presence this year and in my experience never hurts to ask

Hey guys, 

I am an agent and a STR investor and I am just curious what people thing the next big STR market will be, I own in blue ridge and am looking in all the normal places (shout out short term shop) but just curious if there is anywhere I am not considering. Branson? Steamboat springs?

Any and all input would be awesome, thanks

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $608,000
Cash invested: $90,000

Short term rental in Blue Ridge, GA

https://www.airbnb.com/rooms/52794931?source_impression_id=p3_1641353543_RBTVETJFSvdJXJxD

What made you interested in investing in this type of deal?

cashflow

How did you find this deal and how did you negotiate it?

on market for 90+ days

How did you finance this deal?

second home loan

How did you add value to the deal?

got hvac and roof replaced, furnished

What was the outcome?

cashflows 4k a month

Are you using a bank? If you are planning to use the second home loan you can't go that high, you have to stay under jumbo loan territory so your purchase price tops out at about 600k. I would buy two, you can beat 25% with a STR pretty consistently. Wish you the best luck!

My goal is to always break 25% cash on cash

Let me know, love the idea of owning abroad!

Looking at how your market did in 2008 and covid should give you a good amount of data for what to expect in a downturn

When do tickets go on sale for BP Con 2021, I had June 10th written down but still haven't seen anything

Hey Nicole, Great idea the STR market is awesome. I will say syndications are pretty expensive to form (15k start up) when if you are trying to raise money from predominately friends and family a promissory note and a partnership contract should get the job done. Wish you the best and would love to help in anyway that I can

Congratulations and welcome man, it is a fun adventure and I wish you the best.