All Forum Posts by: Pablo Flores

@Jeremy Pelle

Surprised no one has mentioned vacation rentals. Coachella Valley is a 2 hour drive from LA and is arguably the top vacation rental destination in the country. Despite what you hear about the vacation rental market as a whole, the market in Coachella is still going strong. All my rentals are booked out two months and I’m grossing 100k per rental.

Like most people here are saying, expecting to cash flow in LA off a SFH is unrealistic. The cash flow on vacation rentals is unbeatable though. The key is location! You make you're money when you buy, not sell.

@Cliff H. NoiseAware has been pretty awesome for me!

@Collin H. No cameras inside. One by the side gate and one front of the house.

I have Arlo Pro cameras and love them except for that fact that the battery doesn’t seem to last more than a month. I live about 2 hours from my rentals and hate having to change the battery every month. My rentals run at near full occupancy throughout the month and thus the battery for the front door cameras doesn’t seem to last long since the cameras turn on every time they sense movement. Would love to get other recommendations on cameras...

@John Underwood That’s amazing advice! What’s the process of applying for conventional financing when the balloon payment is due for a short term rental? Same as if I where to get a loan from the start?

@John Underwood @Avery Carl

What if I negotiated a 10% down payment with a 5% interest rate and a 7 year balloon payment. Right now the terms on an investment loan I could get are 25% down with 3.25 interest rate.

Anyone here have experience doing this and have any insight? Owner is willing to seller finance and am weighing the pros and cons of doing that vs getting an investment loan. Spoke to my lender and I can still do an investment loan at 25% down, but since the owner is willing to carry the note I am wondering if that is a better option. I’m not super familiar with seller financing so I want to have more knowledge before I come to the negotiation table.

I have multiple STRs in the area so I’m confident the numbers make sense

@John D. Not trying to deter you. Was just wondering if you had found a way around since it’s such a lucrative market

@John D. I'm referring to the city of Paso Robles itself. At least that's what I read on their website. I was thinking about a STR there but the restrictions kept me away.

@John D. How are you getting the short term rental restrictions in the area? They only have a certain number of permits they issue; otherwise you have to go on the waitlist.