All Forum Posts by: Drew Ballard

We all know the market is tough but there are great deals to be found, just have to look creatively for them. I'm interested to know if anyone else does any Small Town Investing?  There's more risk with this for sure, but a lot of potential upside. This also seems to be below the threshold of most lenders. 

We are considering doing BRRRR in a small Southern Town of 20-25,000 Residents. The market #'s aren't amazing but I grew up near the area and understand the market well. They recently commissioned a Grant Study that revealed they have a serious Rental Property Shortage and are unable to attract new jobs and industries that have been interested in the area due to this.

Couple of Examples:

Property 1 - 3Bed/2 Bath - $54,000 - ARV roughly $120,000 - (Could Flip) but Rent 900-1000 at top of market. Rehab ballpark of 30k.

Property 2 - 2 bed/1 bath - $18,000 - ARV roughly $75,000(+) Rehab 30k if sticking similar to current structure. Rent $700 Rent.

Property 3 - 2 bed/1bath - $36,000 - ARV roughly $75,000 - Rehab 20k. Rent $700.

One doesn't seem worth it but a package deal of a couple at a time looks like a better deal.  There's a lot of risk here, but possible upside also.  If anyone has any experience with these markets would appreciate feedback, even if its "run."

Big Fan of Going with the best Mattresses and Pillows you can fit into the budget. We got so many questions about the types of Mattresses we use we had to create an auto message.  We use these: https://www.beautyrest.com/products/black-hybrid-mattress?gc...

Sealy Beautyrest Hybrid .  There are different levels to choose from but we have gone with the Firmer Options.  Purchased through a contact at Sleep Experts/Matress Firm.  You can heavily negotiate usually.

We used Casper and Purple also once.  Nowhere near the response or positive feedback from guest.

Recommendations on Switching Dynamic Pricing Platforms (NOT Pricelabs) and Switching Management Platforms (Not Hospitable)??

Any feedback is appreciated.  Pricelabs is very complicated, looking for a more user friendly platform. Hospitable has worked for several years now but VRBO is constantly disconnecting and the customer service is poor.

Currently have 2 properties, planning to add additional properties soon.  Also if any has recomendations on Wifi Access Contact, Capture Platforms/CRM. Thanks