All Forum Posts by: Mark H. Porter

Think really hard on why you want real estate over other investments.  Could you get 6% in a market investment rather than that, or probably less, in a fully passive illiquid investment?

Real estate is HARD, that’s why it often results in great returns. Even though I have property management companies running my properties I am still called on weekends and nights because they have an issue that needs my ok.  The biggest real estate investment firms in the country have execs that work many weekends and evenings.

Remember, the 1% rule, like the cap rate, are only guides to get you interested.  They act as your cut-off on whether to even pursue.

I have ALWAYS purchased based on positive cash flow.  Not later, not after I’ve done work, but right at the closing table.  if you’re not making money from day one, and hitting your positive cash flow target within one year, then move on for another deal.

@Johnathan Quigley hi - you are absolutely right. The condotels stopped providing access to the hotel amenities that were paid for by HOA fees and reservation fees. I can't blame them, they should be paid for the services they provide.

the alternative is to not buy in one of these resorts and instead buy a simple condo that has a pool. that way of you could do the Airbnb and contract for cleaning and maintenance.  It just comes down to how much effort you want to put into it and angst you’re willing to handle.

Johnathan, I’m not sure what the question is that we can respond to.  Do you have numbers or a scenario for us to look at?

@Daniel Denning Dan, you got a call 50% COC even with all that financing involved? And your net cash flow is $30G? That's phenomenal and unheard of in a STR in MB.

Be careful how you interpret ROI, you don't use Total Return, you use Net Income or Cash Flow.

I own an 8br oceanfront in cherry grove and a 14br duplex, 2nd row, in crescent beach and both do very well.  Both have been rented through October since February. Key to buying a single-family is pool and oceanfront and if over two stories it should have an elevator.

I'M with others. I own LTR, STR, and a single-tenant NN. The STNL is the long-term prize.

Good morning, as a current investor of a couple of properties in NMB, I would advise you to purchase very carefully and without emotion.  Hundreds of people are trying to do the same thing right now and prices have skyrocketed.  There’s quite a bit of speculation in the market and I believe it could be dangerous.

Before you even put an offer in, make sure you understand operational expenses, NOI, debt service, capital expenses, and cash flow calculations. I've talked to a number if potential investors who were about to go into bad deals as they didn't want to "miss the boat".

@Ryan Copeland partially.  Any gain between when you pass and they sell would still be a capital gain.