All Forum Posts by: Sastry Srini

@Zeona McIntyre

Thanks so much. WOuld you please share ( or DM ) the contact for Realty Medics. In the process of acquiring a Duplex in Cape Coral with 1031.

Thanks!

I have worked with Norada for buying the SFR and they can connect you to TK providers in that area.

@Andre Crabb

Thanks for your offer on helping with city analysis.. would you please share a general high level analysis of Cape Coral ( which zip codes to invest) or High level area wise analysis ( Northside or southside etc). That would be helpful. Thanks!

would you please share recording, if possible? thanks!

Congratulations on your purchase.

we have a STR in joint partnership and we manage our use consulting with each other. No formal agreement in place.

Before you sell your primary home consider capital gain taxes (check out 2-out-of-five year rule for paying capital gain taxes). Your tax situation may guide either beneficial to sell or refinance your primary home for future investments.

"The 2-out-of-five-year rule is a rule that states that you must have lived in your home for a minimum of two out of the last five years before the date of sale. However, these two years don't have to be consecutive and you don't have to live there on the date of the sale"

Good luck!

 No.. I don't have prior investment experience in condotel model, but have a short term rental in St.Augustine.  I will be interested to learn more about this model and hear other BP'ers perspective who owns one or have done some analysis.  Thanks!

Jay, Thanks for your reply.  Would you be a little clear on your recommendation.. is it a good investment ?

I reached out Condo Hotel Center Broker and all I could get were standard answers without any sample proforma detailing Occupancy rates, ADR, HOA details. I think without those details, I would not feel comfortable to proceed.

@Raj Konda did you get any financial  details from the broker - who is marketing the Condo Hotel Center at Sunset Walk?  Please share.

Was wondering if someone has a good AirBNB/PM recommendation for a STR at St.Augustine, FL.

I know, some of you may suggest to self-manage.  Looking for PM/Super host help as I have  some constraints. 

Thanks in advance for your help.

@Colleen Cupp yes, It will guide you through step-by-step. Walking through the steps, will help enhance your knowledge and it also has knowledge base, forums where you can post your specific questions. I have been using TurboTax for several years for LTR properties. I will be trying out our first STR ( which should not be different from other rental income/loss perspective).