All Forum Posts by: Kyle A. Isaacs

My thinking is that these were great purchases pre-2020.  I've been looking for the past year and it's difficult to digest someone selling a 3/3 for $650k when they purchased it in 2020 for $250k.  

But, I saw the same thing happen in the Destin market.  We purchased a house while stationed there in 2014 for $180k and the prices have now increased to >$550k.  "Investors" will still swoop in and purchase these units and I'm scratching my head on how they're making the numbers work with the significant increase to the cost of capital.  

I personally have been following properties that stand out and wait.  Most people are delisting the property and re-listing it a few days later.  When that happens I'll submit a low-ball offer to gauge how desperate the seller is.

@Julie Phan My company offers property management services in Columbus, GA.  We're a Veteran Owned company that specializes in marketing and renting to Soldiers because we know the "in's & out's" of the community.  

Please let me know if we can be of service.

Interested in investing in the River Cities of Georgia?  Then please feel free to join our virtual meetup that consists of local and out-of-state investors, realtors, wholesalers, and lenders.

Look forward to seeing you!

Good afternoon -

Our meetup continues to grow and we'd love for more people to join. Hope to see you there!

- Kyle

@Alex Lawson - yes, the first Wednesday of every month.

@Nathan Gesner- Thanks for the reply! I noticed that the company stated that they focus on Corporate Housing however, if the unit is not occupied that they turn to an STR model. Two properties that we own in Florida are situated in communities with HOA's that do not permit STR's thus, this would not work for me.

I have several properties located throughout GA & FL and Corporate Housing businesses have solicited my listings several times but I've never follow up.  Does anyone have any experience working with Corporate Housing companies and could share the pros and cons?

 @Matt "Roar" Gardner - Man, do I have a story for you!  Two lawsuits; one with the insurance company (who went bankrupt) and another ongoing one with the GC.  Either way, the only sites that I used to list at the moment are Zillow and Facebook.  I'm highly confident in the price and have zero leads via Zillow and over twenty via Facebook.  But all the leads on FB don't lead anywhere.

The HOA doesn't allow STR or I would strongly consider that option. I called Amanda as per @Kevin Pillow's recommendation and no answer but I'll follow up with an email.

As I've searched throughout the listings in Miramar Beach, the prices seem to change block-to-block, which seemed odd to me.  If you look through Zillow there are houses listed for >$5k that have several applications.  

Stop by and see what's happening in the Columbus, GA meetup every first Wednesday of the month.  Over 30 people attend the group and discuss everything real estate in the Colombus area.  We have everyone from agents to investors and lenders.

Look forward to seeing you!

Long story but I've had a year long remodel finally come to completion.  When I checked Zillow and other renting sites, there were very few properties for long-term rentals in Destin and Miramar.  However, my house listed in late July and about 14 people have contacted me via Facebook Marketplace but mostly renters searching for a reduction in the price.  According to comparables, rentometer, and Zillow, my house is fairly priced; especially because it's completely updated.

Is the LTR rental market in that area shifting?  Zillow provided an analysis that 55% of renters were ISO houses $0-$2500 and 45% were ISO of units >$3500.  I found it strange that no one would look between $2500-$3500.

Thanks for any feedback in advance!