All Forum Posts by: Brett Deas

This is hard to answer without knowing more about location and that data. My guess off of what I know would be based off of the income approach due to the fact that the structures are unique and tough to calculate replacement value. I don't think it would be hard to refinance to a commercial loan because in my experience commercial loans are typically easier to work with. I have a network of lenders who would definitely take a look and hopefully help you out. Feel free to reach out if have questions! 

One place is landwatch.com. They have a whole section about Seller finance listing and not all are just land, there are houses as well. 

Network as much as possible. That has been the best part of my real estate business because you never know who you will meet. 

I know a few lenders who can help you with that. Feel free to reach out and I can send them to you.

Hello,

For some websites I would check out Airbnb and Furnished finders. For looking at Airbnb look for places that have their minimum at 30 days and see how many there are available and you can kind of guesstimate from there. Also Furnished finders has statistics for cities and data on a page is their site as well. I think it also definitely depends on the areas you are looking.  

I would say check out Muletown Lending! I work with them and they are awesome! They are also local to Denver. 

https://muletownfunding.com/

I find a lot of success through Airbnb. another method that I see people use is posting in FB groups alot, they seem to get a significant amount of interest on there as well. 

Hello all, 

I am in the process of acquiring a few STR's and the majority of what I look at has a lot of un used land. Instead of letting it just sit there I have decided to start exploring the route of throwing up crazy unique stay type structures. I have looked at tree houses, container homes, A-frame's, really anything that looks crazy/awesome. I am looking for someone who has the knowledge and skill to plan something out but also the creativity to make it unique. Anybody out there have any crazy Ideas!?

(For reference I am in a few states all over the U.S. so I would be willing to pay travel costs as well)

Well the way I see it, how much can I increase my cashflow? One property at 100 bucks a month cashflow is good, but if I sell that and buy 3 properties making 50$ a month, it was a smart decision. Another thing I would look at is your risk profile and how much you can reasonably stomach. Alot of people are saying there is a recession/crash coming and whether they are correct or not, the market certainly has shifted. I would evaluate the amount of equity you want to have in these properties for risk reasons, but then also balance that against scaling your portfolio and make the right choice for you. 

Airdna is good, I also like Pricelabs and Keydata. Pricelabs and Keydata take information directly from property managers vs. Airdna which uses the calendars of the properties. I think getting info straight from the property managers is a little more reliable.