All Forum Posts by: Jacob Neville

Maybe a stupid question, but what is the thought process behind only allowing condos as STRs?

Any contractor recommendations in SLO or surrounding area?

I guess I just hesitate because all the videos I watch are like "If it doesn't cash flow $300 then I don't even give it a second look" (hyperbole but still...) and typically higher price the less cash flow. I just had those expectations before getting into the nitty gritty and now I'm finding it harder to come to terms with something that cash flows a lot less but pays down a bigger mortgage in an area I expect to appreciate, even though that is still markedly better than parking my money in REITs or the 6%-10% I hope to get in the stock market. Hopefully this is just a first time jitter. I am taking action to see places and got prequalified, so I'm trying not to overthink it before taking the big plunge

A problem I'm having finding my first SFH deal that I didn't really consider is being able to evaluate C and C+ neighborhoods. I've been so lucky and fortunate to have parents that let me stay with them and when I finally did move out it was to an area not so dissimilar to what I was used to. I don't want to come off as classist or snobby because that's not at all how I intend this. How do you guys evaluate neighborhoods you might not prefer to live in yourselves?