All Forum Posts by: Travis Turner
Travis Turner has started 5 posts and replied 34 times.
Post: Motivated but intimidated
- Real Estate Agent
- Lubbock, TX
- Posts 40
- Votes 26
Love the process! Have to start somewhere, at sometime. No better day than today. Establishing the right team will be very important. I’d be happy to help, we are in this realm and can be a good resource. Feel free to connect
Post: Partnership and House Hacking
- Real Estate Agent
- Lubbock, TX
- Posts 40
- Votes 26
Great way to get started, and I have done quite a few of these as well! Feel free to drop a message if you are interested in learning more.
Post: 21 Year Old Looking for Help to Make A Life Long Career of Real Estate Investing
- Real Estate Agent
- Lubbock, TX
- Posts 40
- Votes 26
If you're looking for some guidance, would be happy to help. Let's connect!
Post: My wife and I feel stuck.
- Real Estate Agent
- Lubbock, TX
- Posts 40
- Votes 26
Hey boss, lets connect. I think I could help.
Post: Looking for an REI meet up in Lubbock Texas!
- Real Estate Agent
- Lubbock, TX
- Posts 40
- Votes 26
Quote from @Eliott Elias:
How's the market over there?
Market is stable. Some good deals to be had at lower costs which is what brings a lot of attraction!
Post: Looking for an REI meet up in Lubbock Texas!
- Real Estate Agent
- Lubbock, TX
- Posts 40
- Votes 26
Hey Patrick, lets connect. Will be having something right up this alley very soon.
Post: Starting from the bottom. HELP PLEASE
- Real Estate Agent
- Lubbock, TX
- Posts 40
- Votes 26
Hey Jesse!
I currently live in operate in Lubbock, Texas. I have a property management company as well as a local agent who also invest in the area with long term and short term rentals. As well as remodeling. If you have any questions about Lubbock, I can definitely help feel free to reach out :)
Post: Duplex Strategy Question
- Real Estate Agent
- Lubbock, TX
- Posts 40
- Votes 26
Quote from @Breann Acuna:
@Travis Turner Awesome to hear! I'm planning a visit out there next week and have been looking at options close to hospitals and tech. I really like what I've been seeing in terms of growth for this area and excited to come visit. Thanks so much for the information!
Feel free to reach out, would love to do whatever I can to help in the process!
Post: Duplex Strategy Question
- Real Estate Agent
- Lubbock, TX
- Posts 40
- Votes 26
Quote from @Rob Chiang:
Quote from @Travis Turner:
Quote from @Breann Acuna:
Newbie here and hoping to make my first investment property a duplex. Would it makes sense to use one unit for LTR and the other for STR? My thought process is an LTR could offer more stable/ consistent cash flow and just seems less risky. While an STR could bring in more money, it may be less consistent or even seasonal maybe? Because this would be my first property, I don't think I'll have enough cash to fully furnish both units for an STR approach, so it's either one unit or just pursue LTR's for both units. Thoughts on this strategy?
For reference, I'm looking at Lubbock Texas and hoping an STR would appeal to travel nurses, or visitors to Texas Tech.
Hey Breann!
I actually am an agent here in the Lubbock area, and also own a property management company, and manage short term rentals. It really depends on the location, I have a duplex that is a LTR on one side, and a STR on the other, and it does well. It is in a good spot of town, and was completely remodeled. West Texas was one of the top STR markets this past year for bookings, so it does pretty well. The STR market is more volatile than LTR, some months may be great and some may be empty. Something to consider as far as your risk tolerance!
What is the predictable vacancy factor for STR in your area- 25%?
Pretty hard to “Predict” but average on good properties is 60-70% occupancy of available days. So I’d say 30% probably.
Post: Duplex Strategy Question
- Real Estate Agent
- Lubbock, TX
- Posts 40
- Votes 26
Quote from @Breann Acuna:
Newbie here and hoping to make my first investment property a duplex. Would it makes sense to use one unit for LTR and the other for STR? My thought process is an LTR could offer more stable/ consistent cash flow and just seems less risky. While an STR could bring in more money, it may be less consistent or even seasonal maybe? Because this would be my first property, I don't think I'll have enough cash to fully furnish both units for an STR approach, so it's either one unit or just pursue LTR's for both units. Thoughts on this strategy?
For reference, I'm looking at Lubbock Texas and hoping an STR would appeal to travel nurses, or visitors to Texas Tech.
Hey Breann!
I actually am an agent here in the Lubbock area, and also own a property management company, and manage short term rentals. It really depends on the location, I have a duplex that is a LTR on one side, and a STR on the other, and it does well. It is in a good spot of town, and was completely remodeled. West Texas was one of the top STR markets this past year for bookings, so it does pretty well. The STR market is more volatile than LTR, some months may be great and some may be empty. Something to consider as far as your risk tolerance!