All Forum Posts by: Travis Rasmussen

I'm in a very similar position. Do any of you have any numbers to share with me on a townhome and condo in Windsor Hills? They're both asking for about $15-20K over what's been selling recently. It most likely won't appraise at the asking price, I have the funds to cover most of the difference for the townhouse and all of the difference for the condo after putting 20% down. This will be my first STR investment. Any data on making this decision will be greatly appreciated!!!

Hey BP,

I'm in the market to purchase my first Short Term Rental. I live in Orlando and want to invest locally. I have $75K to invest and pre-approved for $325K purchase. I've done quite a bit of research but realizing I need to narrow down on my strategy and wanted get some advice between these various paths:

1. 200-250K Townhouse in desirable community like Windsor Hills / Paradise Palms. Well within my budget and could very comfortably carry this if needed, as well as have extra cash to make the rental stand out. However, these tend not to appreciate and have high HOA costs. From what I've seen it looks like these still cash flow well though.

2. 250-275K Single Family 3-4BR house that needs work. I'll be able to customize the house to stand out, however these tend not to be in desirable areas / slightly further away from Disney, and I may not have enough to do much with (50K down + 15K furniture leaves 10K for rehab, excluding any holding costs). Also, communities with no/low HOA's typically have no amenities. However this would be the option with the most appreciation.

3. 325K Single Family 5+BR house. The kind of house I'd expect to perform the best is the huge 2800+ SQFT, 5+BR pool home. The problem is any house like this in a desirable area like Windsor Hills is easily over 400K. There are some for this price in other areas like 27 or Davenport, but I'd be at the very top of my budget, in a further market, with little leftover to make the place unique. 

Looking forward to your thoughts. Thanks!

I and my partners are also looking in Kissimmee area. Can you PM me or provide me rough numbers? My partner is already closing this week in a 4/3 SFH this week but we are looking to add more to our portfolio.

@Travis Rasmussen hello there I’m currently here on vacation , and i would like to ask you a couple of questions if you mind

@Travis Rasmussen hi there- looking to buy in Davenport- how many weeks are you able to rent? Appreciate it! Thank u

@Travis Rasmussen What communitie(s) are your rentals in and do you self manage? I'm moving to Kissimmee in a few months and want to gauge exactly where I should set up my rental/ work out a solid operating plan.

I'm not familiar with the Jefferson City area, but I actually live in the Mark Twain National Forest. (That doesn't tell you much - it's huge.) 

@Travis Rasmussen I'm not familiar with the area but the timber might help pay for the property, most likely not turn a profit. It all depends on what kind of timber the property has and the age/size of the timber. Mature walnut and oak would be worth much more than cedar or pine. As far as the farm leasing goes, you are looking for cleared pasture which is much more expensive. I know there is a guy in my local Springfeild REIA that buys and sells small farms, so the niche is there. Good luck and let me know if I can help in any way. I'm new to real estate investing but I am eager to help and grow my network.

@Travis Rasmussen Are you doing green living or living off the grid? Curious as to the reason behind your post?