All Forum Posts by: Kyle O'Connor

 Well I guess my thought process wasnt too far off. I do know there has been an increase of saturation in STRs in popular areas and I hope new investors and those using the sublet model have put contingencies in place because I believe they will be hit the hardest.

What do you think will happen to the sublet STRs Over a long down turn? Not sure if there are any landlords to these type of renters/units who could chime in?

JD, so do you believe these high ratio areas will see a decline or stay level?

@Michael Porche I'm looking to acquire small multi and single family homes for the long turn hold. I haven't really looked into STR and am more of a conventional LTR investor.

That being said during these times I'm more focused on "making the money when you buy" then high cash flow returns.

I actually just made a thread about this. Maybe I should of loomed first lol

I've been thinking if the looming threat of recession could be the final straw that will break the preverbial camels back to real estate prices.

I have heard that the shut down really stretched those doing the STR model and wonder if high gas prices + inflation + ressesion would see another dry spell in vacancies. This would put pressure to either sell or convert to LTR. If there is a large increase of selling I believe this will greatly increase supply as I have heard the majority of home purchases are second homes.

I havent really seen anyone talk about this so please let me know if I'm on to something or if I should put down the crack pipe.

Kyle

Hello all, I've been an avid watcher of BP for years now and I've decided to get more involved.

Anywho as I ponder on the current macro trends of our economy I have been thinking if the looming threat of recession could be the final straw that will break the preverbial camels back to real estate prices.

I have heard that the covid shut down really stretched those doing the STR model and wonder if high gas prices + inflation + recession would bring another dry spell in vacancies. This would put pressure to either sell or convert to LTR. If there is a large increase of selling I believe this will greatly increase supply as I have heard the majority of home purchases are second homes.

I havent really seen anyone talk about this so please let me know if I'm on to something or if I should put down the crack pipe.

Kyle

Wow amazing progress, its incredible how much painting wood grim really modernize the place. I've been going back and for about painting my trim as I feel like it give character to my duplex but I'm not sure if my preferences are overiding what tenants are looking for.

Would you mind sharing what paint color you used for the grey rooms and your roofing contractor?

Awesome, I've been following your 3 family New britian diary and really loved the information you provide. Looking forward to this one as well, keep up the good work.

Thanks guys I will!

@rick 

@Rick Santasiere I my agent errs more on the side of typical reality deals as she did not have much advice on buy and hold property. I wish i would have found this website before because I didn't really assess the property income using the guidelines I've read here.

Some background on my situation: my property is going to be a owner occupied rental and I chose the house more on the basis of me being happy living there, then NOI. I figure this would be a building block for me and as I grew I would move out to a single family and rent both units.

With that in mind:  

1. My question is how do i assess my property correctly for income?
2. If the numbers don't work in my favor after I move out, what next?

Sorry if I'm coming off as a total newbie (which I am).

Hey everyone I am a soon to be ownwr of a two family duplex in New britian. Owning Multifamily houses has always been a goal of mine and I have many questions.