Great BRRRR Opportunity In Denver Colorado

[Matt Jones]

Hello BP Community!

I'm an experienced business owner looking for a partner for a new business. I have business plan I would be happy to send. Here are the details about the property and initial offering, let me know if you have any questions, I also have spreadsheets from the BP calculators.

Buy: The property is a 28 acre ranch near Denver, Colorado. Very high tourist traffic. Perfect opportunity for short term rentals. It is going for $1.5 and has 8 cabins/homes. Property managers will live in one of the homes so that leaves 7 rentable properties.

Rehab: I will be investing $125,000 in fixing up the properties, every property seems to need a lot of work, labor done by myself.

Rent: The cabins are a perfect location to be rented out on Airbnb or any of the other short term rental sites. Properties in the area are avg. $300+ per night, during peak season competitors are over 90% occupancy, avg. through the year is over 65% occupancy rate. 

Re-fi: The re-finance will pay off all or most of the investors debt.

Repeat: Duplicate this process in a different city.

I am seeking $400,000 for the down payment, in exchange for 30% of the company. Again I expect the re-fi to pay off most if not all of the investors initial investment. 

My current businesses income allows me to put all our profits from the property towards paying off the mortgage, I won't need any income from the property for some time. 

 If anyone has any thoughts, input, questions please share! I would be happy to send my plan in full, I have too many files to post here so message me. Thank you.