All Forum Posts by: Dan Bowersock

Not sure how this post is me treating my neighbors badly. My neighbors up there have been awesome and have helped me and ton and made good money doing so - they scratch my back i scratch theirs. Even let them stay for free for a few days when they had family come down lol. 

Anyways thanks for the advice. I will be expanding the field to size needed. 

 My man, love it, sea isle is lots of fun 

What are some ways that investors are connecting with homeowners? mailers? cold calling? texts? 

I've used deal machine and PropStream before and don't "love" either. Heard batchleads was good or maybe jerry nortons "propwire" 

Anyone have advice or recs?  

@Chris Seveney

I did and I didn’t think it would be an issue as for my other house (in different township however) it is not. It seems since township is so backed up I’ll be able to rent as a 4 bed for quite some time

So I just bought a 4 bedroom house that was marketed as a 4 bedroom when sold as well as ran by previous owner as 4 bedroom STR - now I go to get new application and they said I can only market as 3 bedroom because the septic is only sized for 3 bedrooms (1000gal) - I told township I would get septic pumped more frequently as they require every 3 years (I said every year) and the lady said her hands are tied.

1) anybody who invest in poconos know a way around this? 

2) if buying in Poconos be careful of this! 

I own one in Tobyhanna and one in Tunkhannock - so far tunkhannock township has been way better to deal with than tobyhanna - One is in HOA (emerald lakes) and the fees aren't terrible but definitely proportionally high based on sales price. I see a few others mentioned to buy something that may pencil out as LTR too - I suggest that for sure.

Not sure how you are analyzing #s but just be careful as my properties killed it last year but this year March and April (so far) have been substaintially slower $8K gross months vs $2-3K gross. 

Best of luck and lmk if you need any recommendations on agents, vendors, etc.  

where in Poconos is the property located? specifically what township and/or HOA if you're in one. Would just call township and see what they have to say. If not I can give you a name of a very investor savy agent up that way

Pricelabs market dashboard has a ton of very useful info about prices mainly (ADR) average daily rate. Theres a few way to calculate predicted future and past rates and get pretty detailed info. AIRDNA data is very helpful too as i've seen people mention that. 

Also saw someone mention to look at peoples calendars - if you do this keep in mind seasonality in some of these markets. 

Development opportunity 

Buy - $2.8M 

Build $1.8-1.9M - 4300 - 4400 sqft home

Sell $5.5M conservatively 

Would you do it? 

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