All Forum Posts by: James Wilcox

AirDNA is only for STR rental data. It doesn't have MTR data. I do hope a MTR 3rd party data company comes along. FF isn't really cutting it. Also, how do you request a realtor on AirDNA? I have never seen that.

I would sure hope that referral is me @Zach Edelman. :)

@Samson Hall I agree with some of the concerns that Jonathan has brought up. S8 isn't for everyone and does have draw backs. However, as you pointed out it does have advantages. You have done some homework and I applaud that. 

Now that being said I kind of doubt your numbers are correct on your example. I really doubt with a DSCR loan your monthly cash flow is that on this example property. I would maybe even wager you are negative or break even just looking at cash flow. FMR displayed on the HUD site is with utilities included. That would cut into your expenses a good amount, add property taxes, insurance, property management, repairs, capex, and a small vacancy rate and you can see that number starts to go down rapidly. Best thing to do is to call the local housing authority and they can explain some numbers for you and the process (assuming you can get ahold of them).

You could always just post the numbers here or in the proper forum and double check it.

That is a pretty loaded question and depends more on the host and the specific property in question. Third-party data supports the theory that the RRG area stands out as one of the top STR markets nationwide. This comes largely because of high demand, limited supply, and favorable property purchase prices in Kentucky. However, over the past five years or so, increased national attention has led to a surge in supply, thereby putting pressure on occupancy rates, which might hover around 50% annually. ANR depends on individual properties and their amenities.

Should you have any further questions, feel free to direct message me. You can also explore my profile and see that I specialize as the go-to agent for furnished rentals and investor-friendly properties in the state. I really doubt many would dispute that claim here.

Yeah that is how you get the best deals. Very common. I am outside of Louisville though. Central KY focus here for this guy.

Hey @Ethan Robert Millay. I think you would do very well with the MTR model in L-ville/Kentucky. I am kind of the investor friendly agent for KY and actually specialize in the furnished rentals. Also, the Airbnb Community Host leader for the state of KY as well. You can check out my profile for all that though background stuff though. Really getting an Airbnb property is L-ville is pretty tough with all their regulations. MTR you would be fine though. Any questions about investment property or furnished rentals reach out anytime.

It's likely accurate because most lenders aren't inclined to allow someone to assume responsibility for payments without their approval. Subject-to arrangements are uncommon among lenders. Nevertheless, consider reaching out to Borders and Borders for assistance with title work for more creative deals. They don't have authority over the lender's requirements though.

I am not a lender but I am a real estate agent. I can point you in the right direction for a lender and give you some advice on such a purchase. Just depends on the numbers if that all makes sense for a good investment. Just DM me so I can get some details.

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Hey @Brittany Heil I would be happy to help you with any KY real estate transaction needs. Check out my BP profile and shoot me a DM and we can go from there.