All Forum Posts by: Tyler Henry

Give Evolve a call, they help manage properties in AR and can help with income projections. 

Beach towns on the East Coast(Myrtle Beach, OBX, basically all of FL), Branson/Lake of the Ozarks, Smoky Mountains(Sevierville), any ski town, etc. Anywhere there is a major attraction is a good area for STR.

Hi John,

I went to school in Columbia, MO and there is a huge market for student housing. There are 3 large schools all near the downtown area and there is endless opportunity for BRRRR as the majority of older homes close to campuses get quite old. There has been a lot of multi use properties going up but not as much smaller 1-4 unit properties. Those seem to still be old and outdated. I'm in Denver now but will surely start looking in that area soon.

If you're wanting that market specifically, the ROI will probably be average. Branson is probably a better market for STR returns though if it's just an investment for you. The housing market is increasing at the lake right now too. If you are planning to use it as a vacation home with a little STR income on the side, I would say LOZ, but I'm from there so I'm biased.

@Clayton Woodward Glad I could help!!

We just got a quote from Central Bank and they would go down to 15% DP. You could try some local Credit Unions too.

Hi Rebekah,

I work for one of the largest STR management companies in the country and Branson is always a high performing market for us. I wouldn't necessarily call it a hidden gem but it is a great market still.

I wouldn't build it on the premise that the STR income will pay for your mortgage. This area is HIGHLY seasonal and is by no means resistant to economic pressures.

With that said, if you're building it anyway as a second/vacation home and the STR is to just subsidize the mortgage, then sure, it will rent Memorial Day to Labor Day.

You'll have to be disciplined by not using it on major holidays as that will be your main source of income. 

@Shayne Cook

My man, you read my mind! I'm actually looking at a property in Camdenton right now and need someone to take a look at what's needed. Sounds like it's gutted on the inside but the exterior looks to be in good shape and newer. Small property, 2bd/1ba but good location behind the Methodist church and close to the school. I am touching base with a lender today so I'm sure he'll want to know about the renovation strategy.

Curious, why did you choose Denver as an out of state investing location?