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Updated over 2 years ago on . Most recent reply

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12
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2
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Noah Carrico
  • New to Real Estate
  • Rexburg, ID
2
Votes |
12
Posts

How to find cash buyers for niche STR market near Yellowstone?

Noah Carrico
  • New to Real Estate
  • Rexburg, ID
Posted

I am looking for cash buyers interested in short-term and vacation rentals with exceptional cashflow and are interested in investing in the region of Idaho near Yellowstone National Park. It seems like a niche market to wholesale (not you typical rental or flip) as well as a unique area (away from a major city) so I wasn't sure where to look for people to be on my buyer's list. I am already an active member of the closest Real Estate Investors group, about an hour's drive from where these deals are coming from. Any advice or suggestions?

Most Popular Reply

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909
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627
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Don Spafford
  • Investor
  • Idaho Falls, ID
627
Votes |
909
Posts
Don Spafford
  • Investor
  • Idaho Falls, ID
Replied

@Noah Carrico Congrats on deciding on a great niche. My wife represents several buyers for STR in Eastern Idaho. Not sure if any of them would be cash buyers though. My only concerns for you, this is meant to help, not to put down or discourage, is going to be that you are "new to real estate" as your name tag states. So how do you know if it is a good deal to start with, do you have the experience and knowledge to determine that before presenting it to a buyer? And two, those cities are great for STR, but there is also not a large amount of inventory, so it may take a long time and a lot of effort to find just one. So it may be too small of a niche to find those properties. However, if you do and it does look to be a possible home run deal, I may be able to help you find a buyer. But really you should be building out your buyer list before you start finding properties so that you know who is looking for what and not scrambling to find a buyer when you get a property and then not be able to find one who likes that specific property.

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