All Forum Posts by: Curtis Porter
Curtis Porter has started 1 posts and replied 36 times.
Post: Capital Partner Opportunity for Short Term Rental Property in Mesa Arizona
- Property Manager
- Peoria Arizona
- Posts 39
- Votes 24
Quote from @Jeff Murray:
Hi Everyone,
Unfortunately due to a financial hiccup my money partner on a short term rental deal has had to back out last minute leaving me scrambling. It is a seller financed deal so things are moving along pretty quickly and if this might be something you are interested in reach out and I can discuss the deal with you. The investment amount is $112,550.00.
Jeff Murray
I read through your other posts and am guessing this is the project that was $650k? If this doesn't already have a pool, spa and decked out back yard and is not a high end flip I think it's a bad investment. I do STR full time in AZ, you'll be lucky to breakeven.
Post: Should I Buy Right Now?
- Property Manager
- Peoria Arizona
- Posts 39
- Votes 24
Quote from @Bryan Keller:
Hey guys
I bought my first property in the area, made it a Short term rental and so far everything is good - the property is cash flowing and booked - thank God.
I'd like to repeat the process and purchase another one. I found a lovely 3 bedroom 2 bath in a good location and a good condition for 600k, I see a vision just like my other property and I can see it cash flowing as well after a few renovations.
The one thought that holding me back? I looked at the same market a few months ago and saw a property for the same price , however it was 5 bedrooms! didn't purchase that one because I wanted to make sure everything would be ok with my first investment.
Is this still a good deal? Should I wait? maybe interest rates will go down even more? maybe Ill find a better property that can appreciate better - a 4 or 5 bedroom in Fort Lauderdale area?
Lots of realestate agents in here telling you to buy. Same ones I'm sure were saying buy in 2007. If it pencils out as a long term rental then go for it. If you need it to be STR to cash flow that can be dangerous. Hard to say what the market does or if rates will event come down without a crash. I do know the market is way overpriced and certain areas are heavily saturated driving down nightly rates. I'd say invest in higher end homes and mid range seems to be saturated, at least where I am it is.
Post: HOA Claims Airbnb Hurts Property Values
- Property Manager
- Peoria Arizona
- Posts 39
- Votes 24
Pull a Ron Swanson and give them a piece of paper that says “I can do whatever I want”.
Post: Interesting and sad guest story.
- Property Manager
- Peoria Arizona
- Posts 39
- Votes 24
Eagles gotta eat too! Price of freedom
Post: Keyless wifi door lock
- Property Manager
- Peoria Arizona
- Posts 39
- Votes 24
Is it encode or sense?
Post: How to pay myself
- Property Manager
- Peoria Arizona
- Posts 39
- Votes 24
I’d talk with a CPA and come up with a plan. Lots of variables
Post: 120 AirBnB Listings - Ask Me Anything
- Property Manager
- Peoria Arizona
- Posts 39
- Votes 24
Quote from @Luka Milicevic:
Why haven't you left California?
Post: The “Airbnb crash” follow up
- Property Manager
- Peoria Arizona
- Posts 39
- Votes 24
The math has to math
Post: Property Management Company recommendations
- Property Manager
- Peoria Arizona
- Posts 39
- Votes 24
You need short term or long term?
Post: Looking to network in the phoenix and surrounding area!
- Property Manager
- Peoria Arizona
- Posts 39
- Votes 24
I own and cohost a number of STR's on the greater phx area. If you want to connect let me know! It's a tough time for STR right now so be cautious, but it can be done!