Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Cliff Benner

Cliff Benner has started 13 posts and replied 311 times.

Post: Looking for Insights on RV Rentals at a Campground

Cliff Benner
Posted
  • Accountant
  • Denver, CO
  • Posts 314
  • Votes 146
Quote from @Brandon Stelling:

@Cliff Benner I have not! I will check those out and see what they are looking like! 


 If you start looking and start the in depth Due Diligence process, please reach out to me. I have an Acquisition Analytics service for Business purchases that are under $5mil in revenue, that I do with my Bookkeeping Firm. I can help run their existing numbers to get more of an idea of the Business's Financials and work with you on how a loan payment would affect cash flows. 

Post: STR hotel makeover

Cliff Benner
Posted
  • Accountant
  • Denver, CO
  • Posts 314
  • Votes 146

How did you find this? Was it on the MLS?

Post: SBA loan for small hotel

Cliff Benner
Posted
  • Accountant
  • Denver, CO
  • Posts 314
  • Votes 146
Quote from @Craig Jones:
Quote from @Alex F.:

How is the Bed & Breakfast doing?  


Really great!  

We converted to a self-service model a few months after we took over, which has substantially reduced the workload.  All the guest rooms have separate exterior entrances so we put keycode locks on those and guests get the code via text a day or two before they arrive.  And we discontinued the full service breakfast in favor of a grab-and-go breakfast bar in the foyer.  So we don't have guests in our living space anymore.

"Bed & breakfast" is maybe not the right descriptor now.  We call it a "boutique lodge" in our marketing.

The guest demographic has changed substantially too.  Before it was primarily retirees who were really looking for the social interaction with owners and other guests.  Now it's primarily young families with kids.  Also groups of 20-something snowboarders during ski season.

ADR and occupany *way* up vs. previous owners.


How did you find this place, was it on the MLS?

I want to do the same thing In CO.

Post: Looking for Insights on RV Rentals at a Campground

Cliff Benner
Posted
  • Accountant
  • Denver, CO
  • Posts 314
  • Votes 146

@Brandon Stelling have you looked on Crexi or Loopnet for something already existing like this? I have seen a lot of these type of places for sale in TX and wish i could just pick one up and drop it in CO to do the same thing.

Post: Flex Space Untapped / Hamzainvests.com

Cliff Benner
Posted
  • Accountant
  • Denver, CO
  • Posts 314
  • Votes 146
Quote from @Ronald Rohde:
Quote from @Cliff Benner:

Ive been looking into this a bit, more for my candle business to move to, but then to own in the future, because I meet a lot of fellow vendors at markets that need these type of spots to grow. 

Check out Tyler Cauble on YouTube, he has a lot of great videos on this and great insight into Flex Space.

I think he offers a cheaper course than that too. 


Tyler is awesome, but I'll say that his CRE course is a bit broader. covering more asset types and less specific into Flex development like Hamza


 ahh that is good to know. Thank you!

Post: Wedding Venue Questions

Cliff Benner
Posted
  • Accountant
  • Denver, CO
  • Posts 314
  • Votes 146
Quote from @Estrella Carolina Mckinney:

@Alex Yeater not sure if you got any follow ups on this, its been a while. not sure how far you are on your jorney. I ended up building one form zero and built 8 homes and the idea was to make them into a unitque venue. We are renting them on Airbnb and on our site as wedding but yes Airbnb does not have that option yet. They only cover your events if you have 16 guests or fewer. If you have more, they will not insure you. If you are still looking for options, let me know i'm in Canyon Lake Texas that's where my venue/airbnbs are.  


 How was that process starting for zero? What kind of zoning did you have to look for and what kind of financing did you use for this?

I would like to do something similar and was wondering on those two questions. 

Post: Boutique Hotel Investing - Financing

Cliff Benner
Posted
  • Accountant
  • Denver, CO
  • Posts 314
  • Votes 146
Quote from @Gordon Middleton:

Hey @Cliff Benner, to be honest, I stumbled onto it on Zillow when doing some dream hunting. I like to set up filters like "waterfront, mountain views, 20+ acres" and then coast my way around the country haha. Anyway, I stumbled onto the listing and couldn't even tell what it was really. The listing was really poorly made, but I was able to tell it needed a look. Called the agent that day and drove 4 hours that week. Not sure if there's a lesson to be had there, but that's how I found it.

I'll say though that once you know what you're looking for and create an industry specific network, you start to find them with some frequency. I also highly recommend a boutique hotel mastermind. The one I'm with has been extremely helpful.


 How did you find that network? I have a feeling i can start something with some people we know and I always network when I can, so that could add more likeminded people. 

Thanks!

Post: Boutique Hotel Opportunity

Cliff Benner
Posted
  • Accountant
  • Denver, CO
  • Posts 314
  • Votes 146

I like the other recommendations, give them a seller financing offer that is their asking and a good interest rate with terms that make sense for you, and offer what the bank will let you offer. This might show them that they can't have their cake and eat it too. 

Seller financing allows both sides to negotiate whatever deal that works best for both parties. 

Post: Flex Space Untapped / Hamzainvests.com

Cliff Benner
Posted
  • Accountant
  • Denver, CO
  • Posts 314
  • Votes 146

Ive been looking into this a bit, more for my candle business to move to, but then to own in the future, because I meet a lot of fellow vendors at markets that need these type of spots to grow. 

Check out Tyler Cauble on YouTube, he has a lot of great videos on this and great insight into Flex Space.

I think he offers a cheaper course than that too. 

Post: Business Purchase/Acquisition Analytics Review Services

Cliff Benner
Posted
  • Accountant
  • Denver, CO
  • Posts 314
  • Votes 146

Hello!

After purchasing our own business and helping others, we have decided to add Acquisition Analytics Services to our Accounting Services.

For those following Codie Sanchez, or have though about buying a business, we work with you to Identify the current and Past Financial Status of a business in operations that you are looking to purchase and relay the information needed to make a financial decision, as well as help create a projection of future cash flows with the affects of a loan payment. 

This service is aimed at Small Business Acquisitions with Revenues under $5 million and Mom and Pop style shops, so you can make a more informed decision. 


Please reach out with any questions, the link below takes you to our website with more information on Services we provide and how to set up a call.

https://www.bennerstride.com/services-3

Thank you!
Cliff