All Forum Posts by: Ryan Rock

 what part of the smokies is the best for str in your opinion?

I have been living in Eastern Europe for the last 3 years. I had a couple STRs in the Tahoe area a few years back. They did great. I'm not as young as I used to be and decided I don't want to shovel snow anymore. Tahoe area can get feet of snow in a day or two multiple times per season. 

When I return to the US, I plan to go full time in an RV, just me and my dog. I would like to buy a couple of STRs. Maybe one in Arizona and another in Oregon. About the only thing I dislike more than shoveling snow is heat and humidity. I never thought I would be interested in Arizona but now I'm seeing some appeal for the winter months. If I had an escape route for when it starts to get hot in late May, or early February or whatever, I could get out of town. I could use my STRs when I'm there, or not even very much. A bonus would be having a place to park my RV that would not disrupt guests. 

I've got 350 liquid and would plan to pay cash. I've looked at Lake Havasu and Brookings, among others. LHC has tome condos with long parking spaces for boats. Brookings is more rural so RV parking might be easier. I think I'll be avoiding California but wouldn't rule it out entirely. I was born in LA and lived all my life in the Sacramento area, so it's home.

Just kicking around ideas and looking for input.

 This rings true to me. I'm looking to purchase right now but am worried about rule changes. As they say, no returns without risk.

 I agree with this approach, but who is to say that any given area is immune to unfriendly regulation changes in the future?

This is great! Congrats and good luck on your journey.

 You can buy six 6 unit buildings in Cleveland for 900k. 😄

 To be clear, you object to his question. If that's the case, why chime in? 

 touche! And you're right, my mind is easily boggled. 

Here's my answer: If I only had that much liquid, I would buy an investment property East of Utah in a city that fared well during the great recession. I'm sitting in cash right looking for places to invest. I keep looking at deals that seem promising then find a reason not to move forward. I plan to keep looking until I find something that suits me. My business model is sfh rented by the room to students and maybe mf. Prime states of interest are Ohio and Texas.

I bought houses in Sacramento in 2006 and 7 that sold in 2011 for 1/3 of what I paid. I fear we are on the precipice of another big correction, but not half as bad as that. Then I keep thinking and overthinking that I must be wrong, because of job growth numbers and other positive signs for the economy. 

I kicked *** by buying properties for cash (couldn't borrow conventional money because of recent short sales) in 2012(Sacramento and Tahoe), 2014 (Sacramento) and even 2021(San Diego). Sold the last one last summer. 

 That worked really well for me in 2012-14. Made a alimony paying math teacher into a retire early guy living in Europe. I sold my last place last summer. I want to buy a property now but I like you think I should wait. I do get impatient though. I'm looking for markets that were relatively unaffected during the GR. Unfortunately it seems that good records were not kept by some municipalities going back that far, or are not available for some reason. 

 I just looked there and I see a handful of them around 10th and E Veteran/s Memorial blvd for under 200. What is the draw for Killeen and what part of town is best?