All Forum Posts by: Nick Mehl

Good suggestion. I reached out to an investment-savy realtor in the area and got good intel too. Bottom line is I'll be looking someplace else. 

I have a very specific need to do a one-bedroom house that will show positive cash flow. Due to high real estate prices anywhere near Austin (or low rental rates most anywhere outside of Austin), I've identified Marfa as being a market with reasonable land cost but high rental rates. Plus, it's such a unique town to visit.

Hello! I realize this is a small market but does anyone have experience with STRs in Marfa, TX? I'm looking for a place "close" to home (Austin) to build a couple of contemporary tiny homes to showcase my work. I love visiting Marfa but don't do it very often due to the distance. Is there potential for profitability in that market and are there any pitfalls to watch out for? Small markets like this may have a shortage of house cleaners and property managers but I hope not this one.

Rachel,

Good know all of these good things about Bristol. I have an investment property in Asheville that I may unload and I'll check into Bristol. I love that mountain region of the country. Ironically i was looking into your hometown of Woodland Park for a Colorado STR investment but if you choose to look out of state then maybe that's not the best market for cash flow, but boy would i like to summer there instead of my hometown in Austin TX!

Pardon my ignorance to those from Bristol, TN but what's the draw to this location as a vacation destination? This is the one outlier on the list for me.

I love CO and I have heard there are some tight STR regs in a lot of areas. However, there are more remote areas that do not have them. Land seems expensive, especially compared to Northern NM which is another market I am considering. Thanks for the suggestion!

Anyplace in particular come to mind? I was considering further south in Western NC but I have heard there are some hot markets in VA. The only problem is getting there from Austin where I am based. Thanks for the suggestion and keeping me intriqued!

I own a business that builds modern, prefab tiny homes (or cabins depending on how you look at it), and I am looking for a market where I could set up a few of these to use as model homes, available as a STR. Ideally, I'd like to break even or be profitable. Can anyone suggest a market where one-bedroom STR's that are nicely designed do well? I have a few ideas based on research but I'd love to hear people's opinions.

Emilie, your advice is so valuable to a person like me who has been listening in. I am in the market for a property in the Taos area to use as a STR. Been looking along Blueberry Hill and in El Prado and AF. Do you have any advice on what's a good area? I am an architect and I own a business that builds prefab small homes, so my intention is to build a small community (2-3 at first and then up to 10 units) of crafty little modern homes and rent them out. Cash flow is good but I'm really building to get some exposure for our product. And I love the area, of course.

Whoa,@Mitch Davidson, that's good intel! I hadn't heard that. One of the areas I'm considering is Maggie Valley so any opinion on building there would be welcome.

Thank you, Nick