All Forum Posts by: Vincent M.

@John Underwood Thank you

What are you all doing around smart homes/remote management?

I am on the lookout for a Wifi door lock (Encode). Thinking of 2 wifi routers - one for the systems and one for guests. Will get Outdoor cameras & remote thermostats. What else are must have's / nice to have to manage the cabin remotely?

thank you

lookup the Fannie Mae requirements. I was told similar stories by folks not qualified to speak about it. 

I then talked with my lender who sent me the actual Fannie Mae requirements. They only say specifically for the 10% vacation loan that a second home "must be occupied by the borrower for some portion of the year" that's it.  

Talk to lenders familiar with vacation home loans products

 @John Underwood I like your approach. 

Hi everyone, Just came across this report. https://www.airdna.co/blog/202...

Sounds like the market is starting to stabilize into next year/maybe softening?

I am a newbie but would love to hear some of the experts weigh in 

thanks - vincent

Hi Nancy, thanks for your reply. Definitely hear what you are saying, however i suppose i am thinking more along the lines of trying to find a rental in an area where i can use as a base to  drive around and check out surrounding neighborhoods / locations for possible investment. 

Thanks @Jeff Gold

I suppose that raises another question - is the Gulf side or the Atlantic side a better place to look at for STR Investment?

Hello,

Hoping someone can throw out a few ideas here. Just had to cancel a European Christmas trip today. Looking to pivot to a domestic location for a week over Christmas now. Looking at beach/sun/warm water for the kids- and the opportunity to look at some STR investment areas for myself. I know the Destin/PCB coastline is a hot market but I feel it might be cooler weather-wise over Christmas? what do you guys think?

What areas further south along the panhandle should I look at that would work for the family and where I could look at possible opportunities

Also - Not sure if this is allowed here - I know its last minute to book something - so If anyone has a beach listing feel free to share or glad to connect with any agents that work in these areas also

tx

@Mark M.

Hi Mark, Where are you looking on the shore. Are you finding the shorter season will net you a decent return?

Compared to other ocean-front markets, or drive to regional markets,  I feel that the shore is tough to make work as a true investment.  What ideas do you have to keep occupancy to at least break even in the off-season (Oct - April)?

I have been looking at this market on and off due to proximity to me also and struggle with the short-season Vs cost of property/property taxes etc 

let me know if you are open to chatting offline. Vincent