All Forum Posts by: Dave Stanley

Looking for a reputable door installer, had a bad experience with Norman’s Doors recently but they seem to be one of the only options in town.

Does anyone know a local handyman/contractor who is a also a professional door installer? Need 2x doors + frames for an exterior sun room at a house in 29.

Happy to share my resources, have a guy for most trades if you’re an investor in the area.

Hi Alex, send me a dm I can help. 

@Chris Carr Shantel Schout has been amazing!

Yucca is way faster as it's an incorporated city, a couple weeks for permits if everything is drawn up correctly.  Anywhere in the high desert is good for rental business right now, you just need to research the nuances of each city when considering time scope for projects.  Check each city + SB County websites for lots of good info, read posts here on BP, go spend a weekend up there getting to know the areas, call local agents and ask questions, etc.  There's no wrong way, just pick a direction and go!

Thanks for the question Jason, let me clarify.  I see the following variables with a build to rent calculation:

1) Interest payments during construction

2) Possible delays in construction (down time)

3) rent estimation based on seasonal/vacancy comp data (imprecise)

While the calculation would be similar to a typical purchase, there's some extra upfront time/expense built-in and you're relying on an annual rent estimation instead of a fixed rate lease - this adds a few layers of complexity to an otherwise straightforward calculation.  

For example:

How do you factor in 4-6 months of construction time?

How do you factor in interest payments during construction? 

How do you factor in the opportunity cost of time vs money (delay in ROI due to construction time)?

Is AirDNA the best resource to predict rental income for bnb's?  

Is there a conservative 'rule' to apply once you've predicted the rental income (80% of what you think)?

Maybe i'm over thinking it, but since i've never heard anyone break down the numbers for build to rent from beginning to end I don't have a point of reference.  A typical rehab/purchase time frame is much shorter and the rental income is more precise - you can be very confident with your cashflow estimate.  

Can anyone with bnb rental properties share how they estimate their rental income?  

Can anyone with building experience share how they factor in construction time + finance payments into their formula?

Thank you!

It doesn't say the specific resort, but it lists Ambergris Caye, Belize as the location.  

https://investorsummitonsand.com/

Hello everyone, 

I am new to real estate and will be building several rental homes in Yucca Valley over the next year, including a primary residence.  I have 3 kids under 8 and we all love to climb in Josh.  My wife and I have been coming to the desert for over a decade and have watched the community evolve and grow - there's a real shortage of rentals that will persist for years to come.  We've decided to move full time to Yucca and begin a new path building and developing land in the high desert.  We are also planning to open small take-out only eatery that uses mostly organic ingredients in order to provide the community with better food choices - there’s a serious lack of quality dining options that has only been exacerbated by the recent boom in tourism and vacation rentals. We’re going to bring some much needed love and support to the local community.

Looking to connect with investors, builders, developers, or any other cool people that spend time out in the desert..

Investment Info:

Single-family residence other investment.

2 parcels of land each 3/4 acre, on hillside overlooking the valley. Building a primary residence and a rental property.

How did you find this deal and how did you negotiate it?

agent

How did you finance this deal?

cash

How did you add value to the deal?

building 2 houses

Has anyone been to one of these in the past?  Anyone planning on going this year?  Is it worth the time/expense..?  

It's June 11-19th.

Thanks!

Thanks for the info. I'm more interested in how to calculate ROI for a build to rent BnB. Does anyone have a system for such calculations?