SMF

Afternoon all,

As you might know - my wife and I are Realtors here in Austin. My wife has been doing a lot of work with long- and short-term investors here in the area and we became interested. Long-term investors buy and hold - renting their properties or 1-, 2- or more year leases. Short-term rentals are what you see with VRBO, Airbnb, etc. (typically 3 to 5 might stays - vacation places).

It's funny - only in real estate can you earn 100% of the cash flow for only 20% down. If you buy and manage your purchase right it can pay for itself and provide a positive cash flow (yes, a big IF in this heavy seller's market but it does happen). We know all investment has risk - but this was too good a deal to pass on.

Anyway - long story short - we decided to buy something for the short term market! After a lot of research we picked a place in the gulf coast about 20 miles from Galveston. We went live last week - and I am either really excited or quite dread-filled (depending on the time of day).

I am attaching a link to the management company that will handle the property. If that's not proper please remove.

https://www.cozivr.com/vrp/unit/new-stu ... from-beach

Looks like a winner to me! Great for a special occasion involving a group.

wishing you all the best...looks like a fantastic house to live in. of course one has to ask: smf discount code??????????

clive

I love the wrap-around deck. It must be like walking the deck of a ship.
Looks like everybody designed for storm surges. Probably a wise choice. Is that a local building code thing?

Oh yeah, all the homes are well off the ground - some more than others. Ours is the highest I have seen - 24 feet tot eh bottom of the deck according to the paperwork.

I am working on a discount code (SWMBO needs to sign off).