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All Forum Posts by: Daniel D Ryan

Daniel D Ryan has started 3 posts and replied 10 times.

I can assure you purchasing a home at 2007 did not make sense in most markets.  Home prices were so high it was both difficult to flip a house and equally difficult to achieve a return on the rental.  It ultimately comes down to real estate can and will beat the market if you do your home work.  

Post: Base flood elevation concern

Daniel D RyanPosted
  • Posts 10
  • Votes 2

Factor in possibly future volatility of flood rates.

HI Joel.  It's not what you asked for but I do have an opportunity where I'm looking for an investor.  I've been investing in the Cape San Blas Fl region.  I'm managing one vacation rental and beginning the build on another.  I have two lots and am considering building on one.  I want to avoid hard money and spread my risk by partnering with someone.  If you are interested I can go into great detail on the numbers.

Regards,

Dan

As I mentioned I'm looking for capital to continue growing what I'm doing.  Fat hogs get slaughtered so spreading the risk is what I'm looking to do.  Exit strategy is a sale which should net 20% margin, or, in the case of a market adjustment, is to convert it to a vacation rental.  Vacation rentals generate 25% roi if self managed, which I have experience with.  I have the lot and the builder contact which is one of the most challenging aspects.

I'm looking to discuss investment in a very strong vacation rental market.  I've got the experience in the building and property managing as well as a builder and lot.  I'm looking for capital.  I can lay out a very detailed plan for anyone who might be interested.  The projected return rates are hard to match.  Why I can achieve them is  I have the land and the contacts both of which are at a very high premium.

Originally posted by @Mike V.:

Sent.  As a note for anyone else who happens upon this thread looking for an answer.  Here's a trick you can do.

Find a VRBO listing you like with great reviews.  Pick any open dates on the calendar and hit BOOK NOW.  Enter your info (or just make it up) and hit agree and continue to step 2.  


On step 2 scroll down and if they have a rental agreement you will see it in a blue hyperlink right under the grey "house rules" box.  You can download and save it from there.... And change it to fit your needed. 

(This tip should earn about 1000 votes lol)

 You are right you should have got 1000 votes!

Thank you everyone!  Great advice!

Originally posted by @Beatrice Borges:

Hi Derrick,

I have a rental property in Fort Morgan, AL (part of Gulf Shores). It's a 4b4b 2nd tier house (meaning 2nd row of houses off beach) in a subdivision with a pool. You may already know this, but make sure to include these expensive items in your calculations before buying:

  • Property management fees
  • Cleaning fees
  • Flood and wind (aka Hurricane) insurance

We are just breaking even on our property, although our main goal in this case was to have a property we can vacation at "for free" in a place we enjoy.

Good luck!

I am purchasing a property in the Rosemary Beach area which I will be managing remotely.  I am trying to get my arms around were to set up my rental.  Should I create my own site on something like godaddy and try to drive organic bookings or let a service create my site?  I do not mind paying for a level of assistance but I see using a full time manager limiting my chances for a profitable property.  Any recommendations would be greatly appreciated!

I am purchasing a property in the Rosemary Beach area which I will be managing remotely.  I am trying to get my arms around were to set up my rental.  Should I create my own site on something like godaddy and try to drive organic bookings or let a service create my site?  I do not mind paying for a level of assistance but I see using a full time manager limiting my chances for a profitable property.  Any recommendations would be greatly appreciated!