🔥 Live for FREE in 2024 | The Ultimate House Hack!

STR AGENTS - TOP PICKS

$649,000 | Whitefish Montana Vacation Rental with Big Mountain and Glacier National Park Views

3 bed | 2 bath | 2237 sft

💰 Revenue: Projections Low $83k | Mid $100k | High $150k
🏡 Majestic Mountain Views with the Floor-to-Ceiling windows across the back of the Home!
🏘 Add 4th bedroom in walk-out basement, hot tub, & convert garage to game room to increase Revenue!
⛰ Excellent Location with easy access to Whitefish Mountain Resort & Glacier National Park!

For more information:

• Contact: John Hayes

• Call or Text: 850-375-4113

• STR Agent: Whitefish and Montana Vacation Towns

$299,000 | Turnkey Studio Walking Distance to Beach and Loaded with Amenities!

Studio | 1 bath | 464 sft

💰Revenue: $42,000 gross revenue per year!
🏝 Easy to manage and maintain, strong demand, GREAT cashflow
🔥 Great amenities including beach access, multiple pools, BBQ area, Hot Tubs, Sauna, Tennis/Racquetball courts, all in a gated community!
🏢 Fully Fully updated in 2022: Start generating revenue day 1. New kitchen cabinets, countertops, appliances, backsplash, fresh paint throughout, new furniture and décor, new light fixtures, 65” TV, and more!

For More Information:

• Contact: Reagan Davis

• Call or Text: 601-988-7956

• STR Agent: Gulf Shores and Orange Beach, AL

$583,800 | Charming Retreat Awaits: Experience Mountain Magic at 336 Falcon Creste Loop - Maggie Valley, NC

3 bed | 2 bath | 2173 sft

💰 Revenue: Contact for details.
⛰ The perfect blend of mountain serenity and modern comfort with cozy interiors and breathtaking views.
🏠 Built in 1988, the property has rich history beneath it.

For more details:

Contact: Tyler Coon
Call or Text: 828-620-2541
STR Agent: Ashville and surrounding communities
[email protected]

HOUSE HACKER
How To Live “Free” in 2024! The Ultimate House Hack for STR or LTR Real Estate Investor’s in 2024

💡What Just Happened to FNMA Multifamily (2-4 unit) Loan Guidelines:

• New Game-Changing Financing: Fannie Mae's new guidelines allow owner-occupants to snag a duplex, triplex, or 4-plex with a mere 5% down.

• Live, Rent, Prosper: House hackers can now live in one unit and let the other units foot the mortgage bill. Here is the NEW BIG DEAL. Say goodbye to the old 25% down payment barrier!

• Multifamily Revolution: Fannie turned the multifamily property game into a less exclusive club, opening doors for savvy owner-landlords. Owner occupants can now buy duplex, triplex, or fourplex with only 5% down! 

• Max Loan Amount: A whopping $1,396,800 is up for grabs, making this a golden ticket for those eyeing cash-flowing real estate.

 🔮 Why Does it Matter:

• Down Payment Shake-Up: Boom! From 15-25% down to just 5%, Fannie Mae creates a new wave of opportunities for owner-occupant investors.

• Prospective Owner-Landlords' Cheer: Open invitation for disciplined buyers to dive into investment properties that could make sense in today’s market.

• Market Shake-Up: Small multi-unit property owners rejoice! With an expanding buyer pool, expect higher bids and valuations. Traditional investors, you may feel the heat from more competition for 2-4 unit deals!

• Developer's Dilemma: Will developers shift towards building more 2-4 unit subdivisions? My bet, they will. The market's changing and this opens up a new market of buyers.

• Accessibility Avenue: Real estate investing just got more attainable. Brace for a surge of first-time investors and young professionals riding the house-hack wave of multi-unit property cashflow benefits.

• Risk Radar: Caution! High loan-to-value ratio poses risks in an uncertain market. Always buy right, be prudent. Multifamily demand could pressure housing-based inflation for MF (2-4 unit).

🔄 Summing Up The “Live for Free” House Hack:

• Policy Paradigm Shift: This little-mentioned Fannie Mae policy change is a game-changer, ushering in a new twist to potentially live for free in a multifamily property, with only 5% down.

• Opportunity Unveiled: 2-4 unit small multifamily units are now in the spotlight. Aspiring investors, this unique opportunity just knocked on your door.

• Rinse & Repeat: Not tax advice. Cashflow it, then take the 2 out of 5 year tax free gain, and do it again! Or, buy another! (talk to your CPA)

MARKET REPORT
U.S. STR Market Review: Off-Season Attraction Draws Demand in October

 AirDNA 

 🏠 Key Takeaways:

• October witnessed a 15% YoY surge in short-term rentals (STR) demand, exceeding September's 11% increase.

• Available listings spiked by 16.8% YoY, marking a record high for October.

• Occupancy dipped 1.6% YoY, but remains well above pre-pandemic levels.

• Average daily rate (ADR) saw a marginal 1.1% YoY increase, while revenue per available room (RevPAR) dropped by 0.5% YoY.

• The robust U.S. labor market growing at slower job growth pace, maintains a 3.9% unemployment rate. Travel consumption steady, for now, while debt levels are surge and savings evaporate.

 📈 Supply Dynamics:

• Growth in new STR listings has slowed since March, influenced by higher interest rates and market dynamics.

• Occupancy, showing signs of slowing now tracking 2022 levels.

 🌍 Off-Season Insights:

• Affinity for off-season travel is resiliant especially small cities and rural areas.

• Urban locations, constrained by tighter regulations, lag in listings recovery post-COVID-19.

• Suburban locations experiencing ADR lower than the previous year.

🏙️ Regulations and Impact:

• New York's heightened STR restrictions impact demand, resulting in the third-lowest growth.

• Jersey City/Newark stands out with the highest demand gain of 61.4%, offering an alternative to New York.

• Uncertainty surrounds the affected units' adaptation to regulations, prompting a shift to medium-term stays, watching the potential for rise in sales inventory (liquidation of STR).

🌟 Holiday Travel Outlook:

Strong demand growth of 9-11% for the upcoming months signals a robust holiday season for the STR market.

• Extended forecast hints at 18-25% demand growth for early 2024.

• Travelers show interest in family time and quiet holidays, with small town/rural locations leading growth rates.

INDUSTRY NEWS NUGGETS

• 🇵🇦 Panama - New Gold Standard for RE Investors: U.S losing international investor appeal. Panama, the new star for RE investor diversification. Forbes

• ☢️ Airbnb Reckoning: This town is now one-Giant Airbnb and is facing a day of reckoning. (from 400 to 2400 units). Business Insider

• 🇨🇦 Oh Canada: Trudeau is cracking down on “those people” who profit from Airbnb. Whoa! The Star

• 💥 Stocks Will Crash 30%: Market prophet Gary Shilling issues dire warning this week, his 8 predictions. Business Insider

• 🌮 New Tulum Airbnb in Mexico = Big Deal for STR: Access! United, Delta, America, Spirit all commit to direct Tulum flights! Tulum Airport

• 🍁 Airbnbust Canada: Occupancy just bombed in this town and investors are running for the door. The Star

• 📉 Deep U.S Housing Slump: Here are 5 charts that say it all. NBC News

MORTGAGE WATCH

⬇️ 30-year Fixed Mortgage: Trending down averaging 7.29%, as of Thursday, November 16th. 👍

⬇️ 10 Yr Treasury: The 10 year treasury yield flat with slight rise to 4.48% on short trading week.

NARS Yun Predicts: 6% Rates in 2024~!