Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Short-Term & Vacation Rental Discussions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

5
Posts
2
Votes
Nathan Leland
2
Votes |
5
Posts

Rough start to our first STR

Nathan Leland
Posted

My wife and I finally made the leap and closed escrow on our first STR home last Friday at 2:03pm, the Oak Fire started 7 minutes later, and (it appears) that the house burned down 24 hours later...we never got the keys. It is too soon to know definitively but there is enough evidence to suggest the worst. Once we can get access will assess and come up with a plan.

In the meantime, I would love to hear from anyone that faced a similar situation. What silver linings were found, etc...

Best,

Nathan

(here's a comp of where we were going with the entry (ignore the driveway)

Most Popular Reply

User Stats

11,954
Posts
14,006
Votes
Bruce Woodruff
#1 Real Estate Agent Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
14,006
Votes |
11,954
Posts
Bruce Woodruff
#1 Real Estate Agent Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
Replied

As they say - you got lemons, go make some lemonade. Seriously, now you can rebuild exactly as you want to, add all the new cool features and fixtures. Really make this a desirable, one-of-a-kind STR!

Loading replies...