All Forum Posts by: Paige P.

Hi! I'm a new real estate investor, I currently own a rental property that I purchased last year. It cost around $185K, and as a vacation rental it generates $60K gross per year on sites like Airbnb. 

Since I considered that to be a success, I am planning to buy a few more. So now I'm looking to partner with someone on a property in the same area. With two 50/50 cash partners, how do the rest of the responsibilities fairly get split? One partner would be doing more of the reno side and the other would be handling more of the business/management of the property as a active vacation rental.   

 Hi Mindy! 

Yes, we were talking about that a few days ago! I'm going to give that a try this upcoming week. Based on what i'm hearing, it might be best to stick with this since it's working for now - and grab at least one other unit - and see if I can funnel guests to it when the other one is booked.

We're in the mountains/lake area, sussex county. The area is covered in wedding venues and has beautiful lakes - the lake houses up here are booked up all summer! The only concern I have is NJ  (like NY) keeps trying to put limits on vacation rental properties because of how it affects people that live full time.  But otherwise, for now, it's great - from mountain condos to lake houses, there is tourism pretty much year round!  

I'd like to learn more about investing in Palm springs! I haven't looked there yet!! Is there tourism there year round?

Hi there! 

I'm new in the investment community! Me and my fiance purchased our first condo last year, it was a turn key purchase that came with bookings. It generates an average of $5-6k per month as a vacation rental. This unit is in NJ near 5 wedding venues, so it gets a lot of wedding guest bookings and can sleep up to 10 people. The condo we own cost under 200K, and will pay for itself in less than 5 years (as long as the vacation rental market stays legal in NJ). 

We would like to buy in some other markets to diversify, but i'm having trouble finding a deal as good as this.. Does anyone have any suggestions for great revenue generating areas (low buy in, high rental activity - even just weekends and holidays) - we are flexible and open to invest anywhere in the states! Looking for hot markets for vacation rentals with cost, or even turn key rental properties that are already furnished!