All Forum Posts by: Jake Sklanka

Hi Kathryn,

I've worked with Brian on a number of his projects and is extremely down to earth and great to work with. Highly recommended.

Carlson Builders

Brian 970-418-0216

Let me know if you have any other questions and if you'd like me to get you set up on a land search in Summit County, CO.

Cheers,

@Peter Knepper

Where exactly are you in GJ area? Palisade wine country or more in the city itself? I've looked at a number of fourplex units in Clifton and they'd probably do alright if I was to manage them myself, but that isn't the case right now. 

As for Airbnb, it's an amazing platform and we've used it since 2011, but do you know the demand for your area? AirDNA? Would be nice to know booking % and ADR for your area before you spend a pretty penny on a new mini house!

Here's the link to a super informative podcast about ADUs, 9 episodes. Talks about Denver metro, but is pertinent with all of the different things to consider and plan for when tossing around the idea of an ADU!

https://www.denverinvestmentrealestate.com/denver-additional-dwelling-units-adus-and-you/

Cheers!

Hi Joseph,

Breckenridge, Colorado has very few foreclosures, so tax lien may be the better option. Rental income is solid for STR as well as for appreciation. Even during the last downturn prices barely dipped in Breck and Frisco. However, Copper and Keystone, which are resort areas in Summit County, not actual towns, were affected and saw property values drop.

@Justin Park Here's a blog about what we just did in Breckenridge. 

Breck Remodel 1031 Exchange

We should start a meet up around Summit!

@Brian T. I messaged you with the contact info a week ago, do you need me to resend it?

Howdy @Brian T.,

I've been doing STR in Breckenridge for a while myself, along with a few friends who all help cleaning each others places when we leave town. Not sure if we could take on all of your turnovers, but Amy at Greatful Cleaning has done an excellent job for another friend for the last 3 years. I'll message you with her number.

Cheers,

Jake

Howdy @Richard Williams,

Colorado is the perfect place for a mancation! How many guys are going? I've lead tours all over North America and can help organize, plan and possibly even drive for you. There are so many places to explore throughout the state, your options are unlimited! Mountain bike or road bike? Looking for whitewater or less whitewater with a booze cruise? Let's chat!

@Erin Carpenter Excellent recommendations!

Cheers,

Jake

I do admit it, the market timing was quite helpful as well!

Hey @Conor H.

I just completed an unintentional flip in Breck. My parents wanted to move to Breckenridge for 2 years and were just going to rent. At the same time, there was another unit in our building (Gold Creek) for sale and I convinced them to go 50/50 on it. They lived there while we remodelled, moved walls, redid both bathrooms and the kitchen. Here are the numbers:

Purchase Price June 16, 2016 $293k

Down Payment $60k

Remodel $25k

We planned on buying them out after the 2 years and using it as a STR. They wanted out early, before the second winter and prices had appreciated so much that we couldn't even afford to buy them out!

Sold Oct 2, 2017 $459k

Taking that money to 1031 exchange into another fixer property in Breck.

It can be done!

Let's talk more.

Cheers,

Jake

Sounds great!