Redfin: Vacation real-estate ‘toast’ as Airbnb owners rush to offload homes

Re:Redfin: Vacation real-estate ‘toast’ as Airbnb owners rus... by toomuchtodo on Monday May 11, 2020 @10:52AM (#23142762)

Keep watching. I'm doing the same in several markets waiting for the most distressed to start moving. Even if it doesn't happen, the cost is low versus the reward of a deal. I'm even reaching out directly to AirBnB hosts to offer my info when they're ready to do a transaction.

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Re:Redfin: Vacation real-estate ‘toast’ as Airbnb owners rus... by realdlee on Monday May 11, 2020 @01:03PM (#23144345)

have you gotten many positive replies? curious about the response rate...

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Re:Redfin: Vacation real-estate ‘toast’ as Airbnb owners rus... by toomuchtodo on Monday May 11, 2020 @05:35PM (#23147373)

Haven’t made a lot of calls, but have had enough folks say yes it’s worth my time to continue outreach based on data mining.

I have a fairly mature financing operation from collateral I’ve grown over a decade and cash on hand, so I can move quick (48hr closing). I also make it worth the seller’s time with a shared equity model. I lock in my gain, they get a share of any upside in the future.

Less “We buy houses!” and more “you need a business partner with deeper pockets”.

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