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Updated almost 10 years ago,
Lots of questions from creative Vacation Rental, House Hacking owner!
Hello Fellow REI New Friends ,
I would love for you to get to know me:
I have mid level experience in buying and holding and some rehab experience. My Primary experience is Vacation Rentals of personal use and recentaly keeping rented to at least cover cost my mortage and travle cos. I am now owner occupying the 1 vacation rental in Beautiful Park City Utah since 2009 and owned as vacation rental primarily from 2005-2009. You can see it in link in signature. I am in process of purchases another Vacation rental in Texas with similar setup. I have lots of question about how to proceed with financing that I will go into in later posts.
My plans are to Spend summers in Park City, which is low season, and Falls, Winters and springs in Vacation rental I will own in TX., which would be low season for that condo. I plan to rent out fully when not there and possibly at least Rent only Partial when I do occupy, if worth while using Airbnb. If you do not know about Airbnb, you should because it is a wonderful avenue for owner occupied income by renting out "space" instead of whole home. Check it out
I also am in partnership with family members of leased out Commercial business.
My biggest success in REI is purchase of 1 bedroom condo for 30k cash that brings in $750 a mo rent and is now worth near 80k. I got lucky on this one and was in right place at right time.
I have some rehab experience while working with EX who was a residential building Contractor.
I am also a Niche Marketing Entrepreneur. Feel Free to ask me what that is if not aware.
I am an avid tennis player and consequently the two Vacation Rentals I have/will purchase are part of a tennis community along with the other amenities offered in the area. I am a wanna be athlete and enjoy competing in tennis and mid distance running events.
I am looking forward to getting to know many of you and possible do some JV projects together. If you like to Ski at beautiful mountain resorts or do fun moutain outdoor activities in summer (Mountain bike, Hiking, Tennis, Camping, etc) Come visit me in Park City. I will definitely give you a price break if an active member of this community. Strong tennis players get even much larger price break in exchange for hitting ! LOL
Thank you for taking the time to read through my profile.