All Forum Posts by: Gourav Saha

Hello,
I have a property that I would like to purchase as a second home in Florida with hopefully 10% down max. Does anyone have any recommendations of lenders in Florida that are used to providing these type of loan products for out of state investors? We will be using the house as a vacation home and will stay minimun of 14 days. Rest of the year it will be listed as STR, any referrals or recommendation?

We are looking to find a land in Douglas County, WA mainly in Waterville town. The ultimate goal is to build couple of A-frames for luxury cabin in the woods STR. Our strategy is to buy land cash, take construction loan to build the structures.

Some napkin math for this strategy:

Land cost : $200,000
Building and furnishing Cost: $400,000 for each A-frame (Provided we have electricity, well ready )
Airdna revenue estimate shows $400 night rate with 70% occupancy. I am considering $300 night rate with 60% occupancy which translates to $65k revenue per year from each A-frame
After considering expenses $50k for each A-frame or $100k for 2 frames.


I have some questions about this strategy:
Did you try to get STR permit/construction permits in this area?
How difficult is it to work with the county?
What expenses am I overlooking in the calculation?