All Forum Posts by: Abhinay Dutta

Hello BP community.

I've brought a piece of land in Mclennan county, next to a small lake with intention to build a RV park. In recent conversation with county engineer, they brought up an easement on this land to NRCS/flood control dam built next to my property and the dam has inundation easement on my entire lot. Because of this county engineers are denying construction of RV park. It may mess up the structural integrity of dam. 

My title policy/commitment has no mention of this easement. But I've found the easement recorded in public records with county. 

Do I have a valid claim here? How does title claim works? What should be my lost value in this case?

Thank you in advance. 

 Hello Eric, I am in a similar situation. I brought a 10 acre lot and it's all under an easement to NRCS. Which makes the property not suitable for any construction. And title failed to mention this easement. I've filed the claim already, but want to understand from you how they calculate the loss amount? 

Has anyone tried stationary camper on a land as STR on Airbnb? How feasible is this strategy for cashflow? I am looking at camper as cheap tiny house with mobility as advantage

@Alexis Fentress congratulations! 

I am in a similar situation and thinking to AirBNB a camper on my lot. What do you mean by camper's a lot of work? 

Also, do you have a septic system or city waste water?

 Is it a general advice? I am raising the house to be out of floodplain with freeboard method. You think it's still risky? 

Can you please elaborate?

Property in 100 yr floodplain. Not sure on the ARV, I am building for STR and AirDNA numbers looks good.

Does FEMA pay for new construction too? I need to raise my tiny house 10 ft off ground but it looks cool (in drawings) overlooking a lake; and use underneath as parking. In your experience, does raising the house 100% avoids flood issues?

Thanks!

Thanks @Adam Bartling for your response. I've tried to answer your questions in the same order. 
Yes, I can go 6 months without profits.
AirBnb, Vrbo, booking.com and we'll setup direct bookings site(with discounted rates).
Sorry, what do you mean by #s?
The property is outside Waco, ETJ and has no restrictions. County only asked plans for septic system. 
I need to find someone to manage the park. Not sure how other park owners do that. Do I need to hire someone full time? I'd like to avoid that extra cost.
I don't believe I need full time manager to manage 3 STR units.
Tiny homes will be supplied locally from Waco area, However I need to prep the site. Lay down concrete slabs, electric, plumbing and septic. I am looking for a good construction company or GC for this. 

I can also consider partnering up with someone who has experience with these kinda projects. 

Hello Fellow investors, 

I am planning to develop 3 tiny homes on a 10 acre property. Property is next to a lake and views are great, so I believe there's potential. Property is raw land. Water and Electric are on the road and It need a septic system. I am looking advice from investors who has done this kinda of projects before. Any tips/tricks on how to execute this? What should I except in terms of cash flow? How to operate such park? Any help will be highly appreciated. 

thanks,

-abhi