All Forum Posts by: Ricardo Hidalgo

I live in Oklahoma but am looking to 1031 exchange for a STR in the Fort Walton to PCB area. Those of you that have done this before please help me decide which way to go for the best returns. There are so many options between a house near beach to a condo on the beach. HOA's scare me a little with the assessment fees and all the possible surprises. Bad areas, old condos, no STR areas, it's al lot, any and all advice is appreciated.

I’m about to purchase an LTR but have not decided on the exact state yet. I have some favorites but Im curious what do you think, where do you expect a stable cashflow and moderate property appreciation?

It's our first time in the STR/Vacation home market! Want to just start somewhere but hoping to gain insight on 1st trip in STR market using property management group, establishing LLC and insight on how to dive in properly

I'm looking to buy a STR/vacation home around Destin/30a. Has anyone had experience with using Rabbu?
what was your experience? Do the numbers work on there site? 

I Have 100K to put down. Any advice would be appreciated. 

I have been a LTR landlord for 20 years now but I've been recently wanting to expand my strategy and possibly looking at trying out the short term rental scene. I normally vacation along the Florida panhandle like Perdido key, Panama city beach etc. and so naturally, as a real estate investor my antennae go up when I travel there and my curiosity starts to tug at me wondering if this is something viable for me. I would love it if you could give me some idea on what kind of expenses I would be running into. I am looking at doing a condo and perhaps managing remotely myself and listing on airbnb and/or vrbo. But I know Florida is very seasonal. How much Occupancy do you have through the seasons? Peak seasons and down seasons what can I expect? HOA fees, insurance, property tax etc etc. What should I expect? With a condo do you need hazard insurance still? Sorry but this is like a whole new chapter that I want get the first hand details from experienced STR owners. Thank you

I own a condo on Pensacola Beach, FL that I purchased in 2019. We lived in it for five years before moving back to Kentucky, and since then, we've been renting it out as a short-term rental through a management company, paying 21–23% in fees. Unfortunately, the income hasn't been enough to cover the mortgage and HOA dues during the off-season, and now other bills are piling up.

I’m at a crossroads and weighing three options:

1. Sell the condo, use the equity to pay off our current home and credit cards, and start fresh.
2. Switch to a long-term rental, manage it myself to increase cash flow, and eventually use the equity to purchase a second investment property.
3. Keep it as a short-term rental, but pull out equity to pay off our current debts.

My long-term goal is to transition out of the medical field and into real estate investing full-time, but I’m unsure which path to take next. I’m open to advice and would love to hear what others might do in this situation.

We have 14 STRs located in Panama City Beach / 30a area. 6 of which are three large duplex's, the rest are all SFHs and all have their own pools. All range from 1 block-4 blocks from the beach. All but one are New constructions oldest being 2 yrs old ranging to just getting completed this month. Seems like it would be a very small buyers pool. Where should we start looking? Syndications? Blackrock? Really looking to sell as portfolio. Nightmare to sell individually while in operation as STRs. 

Hello everyone, I am a rookie investor. I have a Property in Yukon, Oklahoma that I lived in for three years. I just recently put a new tenant in there. currently trying to buy a home here in Panama City, Florida for my primary residence. it will be a new build I want to increase the properties value And potentially sell or keep it as a rental property not sure yet. But with my other home and Yukon, I know now is not a good time. However what my options for pulling out money in order to buy another potential investment property? That doesn't affect my current interest rate.

Has anyone had experience buying a Condotel? I am looking to purchase one in Destin, Florida and am curious if anyone has done this before. Buying it in the hope of cash flowing but also appreciation as it is priced below market.