All Forum Posts by: Jon Martin
Jon Martin has started 36 posts and replied 1081 times.
Post: Which Cities Do You Think Will Follow Austin, Denver, etc..
- Posts 1,092
- Votes 959
Quote from @Victor Steffen:
South Carolina. Greenville and some of the Charleston sub markets. It has all the ingredients that Austin had 7 years ago.
Greenville is where I bought my first investment property! Tons of late career and retirees from the northeast.
Post: How accurate is AirDNA?
- Posts 1,092
- Votes 959
Does airdna comb Airbnb and do a look back and forward analysis to see how much they are booked and for what price? Or do they license the data?
When I run my comps, it shows properties in the same general area that are on sketchier looking streets and “meh” decor and furnishings as pulling $40k/year. However when I look at their calendars for the next few months, they are mostly open. Whether that’s price, location, interior, or a combo of all I don’t know, but either way it’s only as good as the historical data and methodology.
“Past success is not an indicator of future results”.
Post: $8.4/Month with STR with Tiny house in Joshua Tree
- Posts 1,092
- Votes 959
Good for them . . . . However you have to wonder how long the gravy train will last in that area. Seems to be getting pretty saturated.
Like when you overhear taxi drivers and bro gyms talking about an investment, it’s usually the beginning of the end.
Post: Tiny House Casita by Boxable
- Posts 1,092
- Votes 959
These are cool. Every other tiny house I’ve seen looks like a narrow repurposed tough shed on wheels for oompah loompas. These actually look livable and have a good indoor/outdoor living feel with good natural light.
Post: Joshua tree / Twentynine Palms
- Posts 1,092
- Votes 959
Quote from @Jason Kudo:
Quote from @Jon Martin:
Quote from @Jason Kudo:
You have to be very careful with where you buy in 29 Palms. There is a large area north of the 62 that has massive dust clouds on windy days that blow over from the dry lake bed in Joshua Tree.
That also true for north end of YV through Landers?
No. The entire high desert has windy days but only 29 Palms gets the massive dust clouds.
Thanks @Jason Kudo your intel is much appreciated!
Post: where can I get new kitchen cabinets
- Posts 1,092
- Votes 959
Home Depot and Lowes will work, however keep in mind that the lowest end ones basically have a thin laminate over them. I know this because my primary residence has them, and 7 years after install they are all starting to peel! If you go that route, spend the extra $20-40/unit for actual wood.
Post: Joshua tree / Twentynine Palms
- Posts 1,092
- Votes 959
Quote from @Jason Kudo:
You have to be very careful with where you buy in 29 Palms. There is a large area north of the 62 that has massive dust clouds on windy days that blow over from the dry lake bed in Joshua Tree.
That also true for north end of YV through Landers?
Post: 203K Closing Costs too high????
- Posts 1,092
- Votes 959
Looks like they are hitting you up for ~$20K in "contingency", which contractors usually build into a quote for if/when they come across unforeseen problems in the course of a reno. Assuming that's what that is, it looks like they are expecting you to frontload that with cash. Also looks like a ~$7k fee specific to doing a HUD loan/project in your state.
Post: First BRRRR deal - Alabama
- Posts 1,092
- Votes 959
Great numbers, nicely done!
Big box will give you the most selection. For a rental, go to a local appliance store and ask for the scratch n' dents/open box (big box can have these as well).