All Forum Posts by: Stephen Wyer

Hi all,

Recently some friends of mine and I were discussing prospects for looking into the vacation rental market in Avila Beach, given that it's a great area, high volume of tourists (even during COVID), and the market for vacation rentals as a whole seems to have stayed steady despite the recession. However, I've been warned that investing in vacation rentals can prove disastrous if the politics of the region are unfavorable.
That is, in certain areas in California (Coronado I've heard for instance) the city has essentially banned rentals for under 30 days, effectively destroying the Air B N B and vacation rental market there.
Does anyone know if there's any such push in the Avila/SLO area by local politicians or the community? Kind of want to know before I seriously consider investing there. 
Thanks! 

Hi @Scot Burns, thanks for the reply-super helpful. Flipping from what I've heard from others too sounds pretty difficult in SLO so as you said buy and hold is likely the best option for me. 

Hi, so I'm a brand new real estate investor and I'm trying to invest in San Luis Obispo single-family properties, preferably houses close to Cal Poly/downtown area. 
My question is fairly straightforward: do you guys recommend pursuing house flipping in SLO as a viable strategy for profit or is it more of a buy and hold market? Has anyone been successful house flipping in SLO? If so I'd love to hear your story; like how you did it-or if it didn't work out I'd love to hear why. 
Thanks!