All Forum Posts by: Eric Baron

Thanks @JoseMaria MucientesFayos! Ended up not buying for those exact reasons. Limited inventory which is all overpriced, making it hard to a see any profit. At least on the mountain properties. I’m sure there are situations where a profit can still be made in the right scenario though. Most of those are likely off the mountain though. However, for me and for now, I’m watching from the sidelines for a (hopefully) eventual market cool down.

@Lauren Kormylo thanks!!

@Paul Sandhu sounds like you’ve definitely figured out the system lol.

Thanks @Luke Carl, I have read a lot and hadn't found anything. That's why I figured I'd ask before I made my own Excel sheet and do it the old fashioned way lol. Yes, the appreciation was one of my main questions on if there was a program that took that into account and varied based on the market location. That's the main point I'd be unclear on how to calculate. So I'll keep searching for that part of it and just incorporate what I can find into an Excel, but I'll look more into your links too. Thanks

Appreciate the info @Leora Merrell. Excel was going to be my default and likely will still be. Thanks!

Hello, is anyone aware of any tools or AI software programs in which you can input all STR data points (purchase price, % down, interest rate, annual STR rent, management company % cut, taxes, fees, HOA, insurance, estimated expenses, and all other relevant data) which will provide cash flow and appreciation projections annually and cumulatively over time based on specific markets, zip codes, cities, etc.? I'm guessing there are unlikely to be any free tools for these types of comprehensive data assessments, but I'd be interested in paid programs as well if they exist. I'm just trying to find the most accurate way to calculate all possible costs and ROI projections in terms of appreciation and how close to cash flow even or slightly positive I can possibly get in different markets. Thanks!

@John Underwood I would prefer the concept of self managing for cost savings, but it seems tricky doing this from half way across the country. Just seems like too many potential situations that could fall through and get you stuck if I'm depending on different people or small groups assigned to keep each of the STR moving parts running smoothly and independently. That would be my concern rather than a company that does it all and there is plenty of backup support to get things done when needed. However, I know those costs eat away at chances of break even or profits.

@Scott Kunz great points.

Great perspective to think about @Justin Anderson. That makes sense. Sounds like I need to reconsider what that ROI looks like as I haven't really thought about it from this angle. I guess it boils down to how close to break even I can get in order to see the actual ROI once I sell eventually. Thanks!

Thanks @Amy Nakos, very helpful! 

Thanks @Justin Anderson, that's unfortunately what I'm coming to realize, in that the most likely way to make it work is by offsetting Breck costs with a separate STR in an area with higher ROI. Any idea of what other mountain town (preferably Summit county but not absolute) might have a better chance at getting closer to a break even? I've heard Durango area may be one of the more likely by some.

Great, I appreciate the response. Thanks!