All Forum Posts by: Ryan Hammers

Lesley,

Please add me as well  

[email protected]

Thanks Ryan 

I appreciate all the help everyone!  Definitely gave me plenty to think about.  

From this point I've done only 100-125k are flips and rentals.  I rehabbed a higher end house in Neptune Beach, FL (Jacksonville).  I'm at my breakeven point before I start eating money and they are going to call the loan in the next 4 months.  It's a nice house but a 500K price yelds a pickier client range and not exactly the layout they may want. I get a lot of showings and never offers.  I was thinking about refinancing it and turning it into an AIRBNB.  It's approximately 5 min bike ride from the beach.  Close to shopping centers / nice restaurants in a very nice area.   I believe that if I could rent it 60% of the time at $300 a night it would work great but I'm in the colder part of Florida that doesn't have as many attractions as other parts of the state and not sure if it would stay rented 60% of the year.  It's a nice area but not exactly, Orlando, Miami, etc.  I be also faced with coming out of pocket another 7k for adding in beds, washer, dryer etc.  If I start renting it now and it goes vacant during the winter I'll have to wait till summer again to sell it not to mention taking it off the market when the potential to sell it could be high or risking another down turn in the next few years.  Any advice on airbnb in this area or ideas on what to do, I'm all ears.   I'm at a crossroads.   

To see photos of this house: https://www.zillow.com/homedetails/1515-Kings-Rd-Neptune-Beach-FL-32266/44625867_zpid/

Thank you Ryan Hammers 

Let me know if anyone comes across any deals in 32068 by college.  I m looking for rentals.  Arv around $100-$130.  Buying them from 60-80k. I also do flips as well in Arlington? The beaches, north side.  I stay away from the rough areas completely.  

I definitely agree with all the above.  Ponte vedra is great to live.  I live here, but buy and hold not so good.  If you plan on doing buy and holds look at the Northside, Westside, Orange Park,  Middleburg in Jax.  You can flip at the beaches but most buy for land value, tear down, and start new. It's a hot market and tough I think.  

Good luck

Anas,

I think the 150k mark in Ponte vedra is going to be tough.  Maybe do-able but if you find it, you know your in a good area.  Jacksonville is a huge though so the areas are endless.  Give my realtor a shout.  He understands the market super well and know's Jacksonville like the back of his hand.  He'll find you what your looking for.  Good luck sir.

Eric Dreibelbis

Keller Williams Realty Atlantic Partners

4116 South 3rd St
Jacksonville Beach, Florida

I agree with David.   I live in Ponte Vedra and I'm also a building contractor & investor.   What kind of partnering deal were you looking for?

Thank you Alex Franks.  I'll let you know.

Thanks Orlando.

Don,

As of now I'm not, but thank you for the offer.    I believe my competitive advantage is building construction so for now I'm going to stick to that.

Thank you though,

Ryan