All Forum Posts by: Luke Carl

@Anthony Gayden agree 100%. But I’m also huge GC fan. Go Big Red.

As everything in real estate is very market specific I can't directly answer your question. If I were you I'd go on airbnb and study folks in your market. But I think you wont find many folks. From what I understand San Diego is one of the toughest on cracking down. I'd do a Google News of "San Diego Airbnb" should change your mind real quick. I just did and the headlines alone were enough to tell me it's not a good idea. 

The lease and Airbnb tactic is something I frown upon. Just stay at your job until you've got a down payment. If you REALLY want to STR (which by the way IS a JOB) You can get in to a property for 10% down if its more than 60 miles from your primary and you finance it as a "second home" but you must have the "intention" of staying in it often. Talk to your lender about this as you will have to sign a second home rider.

Good Luck! 

Spam Nation on the Vacation Rental Forum! 

Don't trust airdna. For the most part its a joke. Dream come true if you're in to analysis paralysis 

I'd sell and use the cash for down payments on 4 100k doors that are ready to go OR use the 100k to buy something for 50k put 25k in rehab then finance it and get your money back (BRRRR) Good luck!

@Wendy Schultz Of course. Love your posts.

@Chris Purcell <— what he said

I prefer 2 bedroom or smaller but I really have no reason to. 3 4 and 10 bedrooms also rent well it’s just a different vibe. There are more sharks in the water for the smaller cabins because more people can afford 150k vs 350k. With the right management (I self manage) your occupancy should remain around 85%. 

The way I look for a property is more based on location and the way it looks Vs purchase price. 

How much do I think it can rent for per night? Will it stay jam packed? Is the one with the view worth 85k more than the one with no view. These are some of the things I ask myself. Never been wrong so far! 

Hello! I’m the resident Gatlinburg Pigeon Forge self proclaimed expert. I’m not experienced with renting in Townsend although I’ve been there many times. The properties seem to be a little less attractive and often times even home made looking. The river is the attraction in Townsend. 

My 5 properties in Gatlinburg Pigeon Forge and Wears Valley remain completely occupied year round. 

I’m not exactly sure what the OPs question is?? @Dondi Sanchez

@Brian Holt get me on the phone I’ll walk you through everything you need to know. 

Originally posted by @John Underwood:

@Luke Carl You need to just write a book and then you can refer everyone to your book. Or start a consulting business.

I'm sure you could do either given your experience. I am 100% serious. Side note I listened to you on Ozzy Boneyard channel a couple days ago. I liked the music and it was a way better channel than I would have guessed.

With the amount of time I’ve been spending on the phone with folks lately I think you’re right. Although I’m not sure there’s a big enough market for self managed VRs to make a book worth while, I am a published author. 

LOL the channel was better than you expected LOL tell you what I’ll give you a shout out on OBY on Sunday at 11amEast \../

@DeAndre Xavier Thomas. Depends on your market! I’m in Pigeon Forge and Gatlinburg where we get 13 million tourest every year that want to stay in a log cabin. I own 5 if them. I self manage from a distance and I couldn’t be happier. Happy to schedule a call any time and give you the run down on my systems and how I was able to implement them.