My family and I are looking for a home to purchase in the Pirates Beach area. Let me know who you know that may be interested. Five 12 six 35 0909.
FastFreddy said:
My family and I are looking for a home to purchase in the Pirates Beach area. Let me know who you know that may be interested. Five 12 six 35 0909.
FastFreddy said:
My family and I are looking for a home to purchase in the Pirates Beach area. Let me know who you know that may be interested. Five 12 six 35 0909.
I don't think it's pointless at all, especially with no mortgage. You could definitely gross more than 20K, if you're willing to keep it open all summer and holidays for rentals. Especially if it's three or four bedrooms and in decent shape.bkag9824 said:
Let's say your family owns a bay house on the west side, needs some rehab & furnishing (mainly cosmetics - decks are in good shape, etc.) House is owned free & clear, so only long-term debt obligations are prop taxes & insurance.
Market over saturated to the point of making the effort of turning that house into a STR pointless? Would think it difficult to imagine you couldn't gross $15-20k/yr?
Not my first STR, familiar with how to operate one, etc. More a hypothetical to gauge the market from those who might operate there.
EclipseAg said:I don't think it's pointless at all, especially with no mortgage. You could definitely gross more than 20K, if you're willing to keep it open all summer and holidays for rentals. Especially if it's three or four bedrooms and in decent shape.bkag9824 said:
Let's say your family owns a bay house on the west side, needs some rehab & furnishing (mainly cosmetics - decks are in good shape, etc.) House is owned free & clear, so only long-term debt obligations are prop taxes & insurance.
Market over saturated to the point of making the effort of turning that house into a STR pointless? Would think it difficult to imagine you couldn't gross $15-20k/yr?
Not my first STR, familiar with how to operate one, etc. More a hypothetical to gauge the market from those who might operate there.
The people who may have trouble making a go of it are the pandemic buyers who paid $750,000 for a 1980s three-bedroom three streets back from the beach.
There are deals to be had in every market. Been looking for a few years and got a heads-up last Fall on a canal home, a week before it was to be listed well under current market value. The difference-maker for us was that we built a relationship with a local Galveston realtor (he's an Aggie too). The 'born on island' community there is a tight network.DrEvazanPhD said:
There's stuff available in Pirate's. It's just way too overpriced, just like all galveston real estate is.
aggie897 said:
I have a house going up in the next few days in Beachside village. 2500sqft. Let me know if you're interested.
What are building prices looking like there? I know a few folks who bought lots then opted not to build because of crazy inflated costs.aggie897 said:
Owner and a builder
the new builds cash flow very well. people are still vacationing but a lot are doing it locally.94chem said:
I own on Bolivar. Got in before the two year run-up in prices. I don't know how people buying now will make ends meet with respect to cash flow. Hoping to get high occupancy this spring/summer by undercutting more recent buyers on rates.
From what I've seen, they cash flow for the builders just fine. They must be making 100%.Furlock Bones said:the new builds cash flow very well. people are still vacationing but a lot are doing it locally.94chem said:
I own on Bolivar. Got in before the two year run-up in prices. I don't know how people buying now will make ends meet with respect to cash flow. Hoping to get high occupancy this spring/summer by undercutting more recent buyers on rates.