All Forum Posts by: Carl Sherrill

@Julie McCoy

My father has a considerable amount of experience as a land lord and real estate investor in residential properties. He's been very successful over the years, and now he wants to retire. He wants to liquidate his real estate portfolio and invest in a single resort which he could expand on. He's doing the majority of the research; I am included in the effort as he mentors me in real estate investing before pursuing my real estate license after I graduate from college. Any new insight I can bring will increase my value to my father's endeavors and future partners I will work with in the future.

@Derek Diamond

Thank you for the advise! I had not even considered AirBnB as a option. We noticed a lot of websites showing the revenues and cash flow from resort properties, but we weren't sure how reliable sellers generally are when reporting their earnings or what exactly made up the expenses eating away from the earnings. Thanks for sharing your personal experience in Colorado!

Hello everyone,

I am new to BiggerPockets, and I am very interested in investing in real estate. I am currently assisting my father in research for the purchase of a resort. However, I don't know anything about buying or managing a resort, and I don't know what questions to ask, who I should be asking or how to handle making a deal. I need help to assist my father in making a informed decision. We've been looking on LoopNet for properties in Florida, Colorado, Tennessee and North/South Carolina. 

Any advise you guys could give regarding best states/cities to invest in, best websites for finding resort properties, dangers of resort investing, questions I need to have answered before making a deal, financing options or any other questions I should be asking, I'd appreciate it! Any new insight I can bring to my father will be invaluable.