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 5 years ago on . Most recent reply

User Stats

105
Posts
23
Votes
Will R.
  • Residential Real Estate Agent
  • Austin, TX
23
Votes |
105
Posts

Ski-in Ski-Out Colorado anyone?

Will R.
  • Residential Real Estate Agent
  • Austin, TX
Posted

I am considering a life hack and wondering if anyone has real data or life experience that could help me make a decision. The basic plan is to purchase or build a ski-in ski-out house or duplex in Colorado. I may never use it to ski. However, I would lease out my house in Austin and live there in the summer. Think: snow bird (but escaping heat). Assume I do the marketing but outsource the operations to someone.

Here are the questions:

1. Could I "live for free" in the summer on the ski season income? What if I also discount the carry costs of the 3 months I am there? 

2. I want to own the dirt. Will this plan work with a cabin/house/duplex instead of condo? 

3. Should I go luxury/middle/cheap? Where is the real bang for buck? Obviously, I would prefer nicer but would rather make the best financial move.

4. Should I buy or build? Given the lots I have seen, seems much cheaper to build but maybe I am really (2x) underestimating construction costs in ski areas. What are your costs to build?

5. What is the best mountain for this and why? http://www.coloradoski.com/resort-season-dates

6. Is ski-in ski-out short-term the best idea? I picked that because I want to focus on maximizing the ski season income but maybe you have a better idea. Cheaper area? Seasonal staff rental? Student rental (Gunnison)?  

Not sure if anyone has a crystal ball with these kinds of answers but I figured I would ask. I could answer all these questions pretty well for Austin but I am at a total loss for a ski town. 

I will be backpacking up there next week and may go radio silent on this thread for a few days. I will obviously ask around while I am there but I figure you guys probably think more like I do than the average agent. Also, BP is based in Denver right? So, someone here has to have answers...

Most Popular Reply

User Stats

2,518
Posts
1,277
Votes
Matt M.
  • Realtor
  • Denver, CO
1,277
Votes |
2,518
Posts
Matt M.
  • Realtor
  • Denver, CO
Replied

You'd want a house with a mother in law suite. That way, you could stay when every you wanted and rent out both. Anything at a Vail resort or similar will be astronomical in price as far as homes go. Beaver Run condos in Breck gross $35k+ a season, but that comes at a price. 

I'd avoid renting to staff or college kids. You can find homes in Summit county that are close to the ski areas starting at $300k. 

$250-300sqft to build a luxury home there.

Loading replies...