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Updated over 8 years ago,
- Vacation Rental Manager, Licensee, Investor
- Vancouver, British Columbia
- 0
- Votes |
- 7
- Posts
Investor wanted for $2500+ (avg/mo) cash flowing vacation rental
Hi fellow bigger pockets members,
I'm looking for a partner who will finance this deal. My contribution will be managing the constant flow of tenants, stocking, and cleaning the rooms between each new guest arrival.
Find the deal analysis here:
https://www.biggerpockets.com/calculators/shared/553979/d4f279bf-ed6a-4cd1-9448-4c9ef1cfa9f7
I've been hosting with Airbnb, VRBO, and Homeaway in downtown Vancouver for 1 year, and have realized the enormous cash-flow potential for this type of rental if in the right location. I've been sourcing the best spots in Canada since this past January looking for:
- highest year-round demand (full host calendars several months out, at all times during the year)
- highest price per night vs. price to purchase the properties
Major Canadian hotspots include: Vancouver, Whistler, Toronto, Montreal
Revelstoke is unique in that property values are still far below the markets listed above, but it captures very high nightly rates. Additionally, like Whistler BC, it has high year-round demand: winter and part of Spring have enormous demand from snow sport enthusiasts, while summer/fall draw hikers, downhill mountain bikers, corporate retreats, etc. Also, the new Revelstoke Mountain "Pipe" (rail roller coaster) draws significant tourism. See a video here: https://www.youtube.com/watch?v=RJgD21kAICs
If you're interested in partnering on this deal, please send me a message.
Thanks,
Tyson