Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Karl Denton

Karl Denton has started 12 posts and replied 217 times.

Post: My Highlight Reel from BPCON2024

Karl Denton
Posted
  • Rental Property Investor
  • Mansfield, CT
  • Posts 223
  • Votes 128
Quote from @Alexandra Hughes Pailet:
Quote from @Dan H.:

I liked the reduced crowds more intimate event than especially last year’s event.  Orlando had way too many people for me.  San Diego was bigger than this year, but a good size. 

I felt this year was the most unorganized conference I have been to. The cevent app at the previous 2 BPcons was better than the plethora of means to get information. Also the email distribution was flawed. My wife was getting emails that I was not and vice versa. I attended the highest signed up Sunday workshop. Only a dozen or so made it to the workshop which was without doing the math around 15% of those who had paid for it. It was nice to have a virtually private workshop with 3 experts, but I am certain most people who paid wanted to attend. I suspect poor communication was a reason that such a low percentage of people who paid $300 atrended (in San Diego I attended the STR workshop and room was full - this syndication workshop we sat around one table).

I have heard Codie present and she is as good as you indicate but not an RE person. one of her lines is something like there are a lot of millionaire RE investors but not a lot of billionaire RE investors and I want to be a billionaire.  Lauren predictions per her data make her worth listening to but 1) again not a RE expert 2) was significantly more entertaining and funny when she presented at pervious BPCon (I think it was BPCon2022 in San Diego).  I really have enjoyed @david Greene  keynotes in the past (his market is similar to mine so we have similar mindset) but I suspect that may not happen again (he was at the BPCon).  I would like at least a majority of the keynote presenters to be RE related presenters.

I got more from the scheduled targeted guided networking events than I expected, but these are usually additional subject presentations. Not sure of my preference   Just different.

No one can predict storms, but if you schedule in hurricane season you have better chance of hurricane than if you schedule outside hurricane season.  Also while BP pivoted well, the restaurants could not.  The restaurant I initially went to was accepting no walk ups.  Of course when an event was planned with food, why would I make a reservation?  When they cancelled the BP social event, combined with the resort closing early (9pm) to get employees home safely (both understandable) it created restaurant impacts.

I had two different somewhat severe room issues. One they fixed (AC not working), the other they got to a barely acceptable state (hot water and pressure).

My favorite part related to the conference was on shuttle to the airport. @Scott Trench introduced himself to my wife as Scott a BP employee (was he trying to be modest or be incognito). She did not recognize him.   In fairness to her, he was not looking like CEO material. I was back a few rows in the shuttle and she asked me if I knew Scott who worked at BP.   I said he more than works at BP (I did not say he was CEO).  That is when 2 others recognized him; he may have gone incognito if wife had not asked if I knew Scott who worked at BP.  He thanked me for my bp contributions as he exited the shuttle.  all my interactions with Scott have been positive (forums and in person).

Final item is as is traditional they announced location of next BPCon after final keynote.  BPCon2025 is in Las Vegas (@jay Hinrichs). Jay has advocated for Vegas.   It certainly is a destination.

It may seem like this post has a lot of complaint but this was my favorite BPCon.  I really liked the smaller size.  I liked the targeted networking sessions.  I fear Las Vegas will be similar to the size or BP2023 in Orlando.  Wife has already indicated that she may not attend.

I really recommend everyone working RE or wanting to work RE should attend at least one BPCon.   They are motivational, informative, crazy networking opportunity, and fun.

I plan to be at BPCon2025.  It is 5 or 6 hour drive from my house.  Hope to see some of you there. 


 Thanks for your feedback, Dan, and we're glad we'll see you again in Vegas at BPCON2025!

We were thankful to be able to pivot quickly and move the opening and closing events indoors (and even have to extend the closing event because of a jam-packed dance floor and people asking for an encore!), and while canceling the networking continental breakfast on Tuesday morning was a difficult decision, we felt it was the right thing to do considering the storm and wanting the resort staff to be safe. Luckily, Cancun missed any major weather event and a little rain didn't stop us from having a great time, including not having to cancel any of the 3 conference evening events! I hope you were able to soak up some sunshine before the clouds rolled in!

While we couldn't use Cvent this year because of housing management needs with booking rooms, I can promise you there will be a networking-focused app next year!

For those who are curious, we're booked out through 2027 (all in early October), and all BPCONs will be in the US. 


 I can agree with feeling disorganized. I feel that every networking event during and after the event should be known to BP, They should share all the networking events. I remember at San Diego, and Orlando, Other companies were tossing after parties and those are what made the networking so much better. Having people in a room that shared a common more focused interest in real estate helped to meet many more people. BPCON always goes by so fast, so knowing about where everything is happening is great. Normally I have more time to prep before arriving, however I was so busy and had a closing the day before flying to Cancun  I wansnt able too chat with everyone about what extra meetups were taking place. Luckily I was able to catch a couple on pure accident. I look forward to any changes, I am also dedicated to providing anyone at BP more insight or assisting in anyway I can to make the next conference even better!

Post: My Highlight Reel from BPCON2024

Karl Denton
Posted
  • Rental Property Investor
  • Mansfield, CT
  • Posts 223
  • Votes 128
Quote from @Alexandra Hughes Pailet:
Quote from @Dan H.:

I liked the reduced crowds more intimate event than especially last year’s event.  Orlando had way too many people for me.  San Diego was bigger than this year, but a good size. 

I felt this year was the most unorganized conference I have been to. The cevent app at the previous 2 BPcons was better than the plethora of means to get information. Also the email distribution was flawed. My wife was getting emails that I was not and vice versa. I attended the highest signed up Sunday workshop. Only a dozen or so made it to the workshop which was without doing the math around 15% of those who had paid for it. It was nice to have a virtually private workshop with 3 experts, but I am certain most people who paid wanted to attend. I suspect poor communication was a reason that such a low percentage of people who paid $300 atrended (in San Diego I attended the STR workshop and room was full - this syndication workshop we sat around one table).

I have heard Codie present and she is as good as you indicate but not an RE person. one of her lines is something like there are a lot of millionaire RE investors but not a lot of billionaire RE investors and I want to be a billionaire.  Lauren predictions per her data make her worth listening to but 1) again not a RE expert 2) was significantly more entertaining and funny when she presented at pervious BPCon (I think it was BPCon2022 in San Diego).  I really have enjoyed @david Greene  keynotes in the past (his market is similar to mine so we have similar mindset) but I suspect that may not happen again (he was at the BPCon).  I would like at least a majority of the keynote presenters to be RE related presenters.

I got more from the scheduled targeted guided networking events than I expected, but these are usually additional subject presentations. Not sure of my preference   Just different.

No one can predict storms, but if you schedule in hurricane season you have better chance of hurricane than if you schedule outside hurricane season.  Also while BP pivoted well, the restaurants could not.  The restaurant I initially went to was accepting no walk ups.  Of course when an event was planned with food, why would I make a reservation?  When they cancelled the BP social event, combined with the resort closing early (9pm) to get employees home safely (both understandable) it created restaurant impacts.

I had two different somewhat severe room issues. One they fixed (AC not working), the other they got to a barely acceptable state (hot water and pressure).

My favorite part related to the conference was on shuttle to the airport. @Scott Trench introduced himself to my wife as Scott a BP employee (was he trying to be modest or be incognito). She did not recognize him.   In fairness to her, he was not looking like CEO material. I was back a few rows in the shuttle and she asked me if I knew Scott who worked at BP.   I said he more than works at BP (I did not say he was CEO).  That is when 2 others recognized him; he may have gone incognito if wife had not asked if I knew Scott who worked at BP.  He thanked me for my bp contributions as he exited the shuttle.  all my interactions with Scott have been positive (forums and in person).

Final item is as is traditional they announced location of next BPCon after final keynote.  BPCon2025 is in Las Vegas (@jay Hinrichs). Jay has advocated for Vegas.   It certainly is a destination.

It may seem like this post has a lot of complaint but this was my favorite BPCon.  I really liked the smaller size.  I liked the targeted networking sessions.  I fear Las Vegas will be similar to the size or BP2023 in Orlando.  Wife has already indicated that she may not attend.

I really recommend everyone working RE or wanting to work RE should attend at least one BPCon.   They are motivational, informative, crazy networking opportunity, and fun.

I plan to be at BPCon2025.  It is 5 or 6 hour drive from my house.  Hope to see some of you there. 


 Thanks for your feedback, Dan, and we're glad we'll see you again in Vegas at BPCON2025!

We were thankful to be able to pivot quickly and move the opening and closing events indoors (and even have to extend the closing event because of a jam-packed dance floor and people asking for an encore!), and while canceling the networking continental breakfast on Tuesday morning was a difficult decision, we felt it was the right thing to do considering the storm and wanting the resort staff to be safe. Luckily, Cancun missed any major weather event and a little rain didn't stop us from having a great time, including not having to cancel any of the 3 conference evening events! I hope you were able to soak up some sunshine before the clouds rolled in!

While we couldn't use Cvent this year because of housing management needs with booking rooms, I can promise you there will be a networking-focused app next year!

For those who are curious, we're booked out through 2027 (all in early October), and all BPCONs will be in the US. 


 I can agree with feeling disorganized. I feel that every networking event during and after the event should be known to BP, They should share all the networking events. I remember at San Diego, and Orlando, Other companies were tossing after parties and those are what made the networking so much better. Having people in a room that shared a common more focused interest in real estate helped to meet many more people. BPCON always goes by so fast, so knowing about where everything is happening is great. Normally I have more time to prep before arriving, however I was so busy and had a closing the day before flying to Cancun  I wansnt able too chat with everyone about what extra meetups were taking place. Luckily I was able to catch a couple on pure accident. I look forward to any changes, I am also dedicated to providing anyone at BP more insight or assisting in anyway I can to make the next conference even better!

Post: First Fix & Flip

Karl Denton
Posted
  • Rental Property Investor
  • Mansfield, CT
  • Posts 223
  • Votes 128

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $95,000
Cash invested: $25,000

House went to tax lien auction, homeowner was going to be homeless with no money. We were able to work a deal in the last 2 weeks before it was finalized, we had to pay the max amount of interest for back taxes and water bills and liens on the property. The seller was able to walk away from a bad situation with some money in her pocket, we will be helping her move and relocate into an apartment.

What made you interested in investing in this type of deal?

Being able to help someone who was going to walk away with nothing, and there was also lower cap ex.

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

Lead came through someone who knew she needed help, and knew I could get the deal done for her.

How did you finance this deal?

Cash from bringing in another investor.

How did you add value to the deal?

We will be adding a new kitchen and furnace and flooring.

Post: First Fix & Flip

Karl Denton
Posted
  • Rental Property Investor
  • Mansfield, CT
  • Posts 223
  • Votes 128

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $95,000
Cash invested: $25,000

House went to tax lien auction, homeowner was going to be homeless with no money. We were able to work a deal in the last 2 weeks before it was finalized, we had to pay the max amount of interest for back taxes and water bills and liens on the property. The seller was able to walk away from a bad situation with some money in her pocket, we will be helping her move and relocate into an apartment. I brought a partner into this deal to get it done, I will be funding the rehab portion of this Fix and Flip deal.

What made you interested in investing in this type of deal?

Being able to help someone who was going to walk away with nothing, and there was also lower cap ex.

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

Lead came through someone who knew she needed help, and knew I could get the deal done for her.

How did you finance this deal?

Cash from bringing in another investor.

How did you add value to the deal?

We will be adding a new kitchen and furnace and flooring.

Post: BPCON 2025 Location

Karl Denton
Posted
  • Rental Property Investor
  • Mansfield, CT
  • Posts 223
  • Votes 128
Quote from @Tiffany Anders:

were there dates listed yet? I missed the end of the conference. 


 October 5-7th, 2025

Post: BPCON 2025 Location

Karl Denton
Posted
  • Rental Property Investor
  • Mansfield, CT
  • Posts 223
  • Votes 128

BPCON 2025 will be in Las Vegas next year just announced at BPCON 2024

Post: First single family STR in a market that has limited Data

Karl Denton
Posted
  • Rental Property Investor
  • Mansfield, CT
  • Posts 223
  • Votes 128

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $185,000
Cash invested: $54,000

Bought to rehab, and turn into a Short term rental in a market that has no single family homes listed on Airbnb/Vrbo.

What made you interested in investing in this type of deal?

The price point for the purchase price.

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

Found on mls, put in my offer at asking and they accepted it.

How did you finance this deal?

Using a hard money lender

How did you add value to the deal?

I’m rehabbing with about a 50-60k budget

What was the outcome?

We’re in the rehab phase and are prepared to complete before the end of the year.

Lessons learned? Challenges?

So far sticking to timelines and more repairs then we hoped for have come up.

Post: AirBNB Fees - Total Revenue VS Fees

Karl Denton
Posted
  • Rental Property Investor
  • Mansfield, CT
  • Posts 223
  • Votes 128
Quote from @Laura Sawicki:
Quote from @Karl Denton:

Airbnb takes 3% of what your making. However the other fees they take are before you even see profit. The gross usually includes the cleaning fees. So i would figure out how many stays they had and what the cleaning fee is. Then see what they paid for cleanings, usually it’s a pass through expense. But yes always ask for more when getting numbers on a property.

 THANK YOU for this!!!   What "other fees" do you take?  Is there a ballpark figure you can assume when trying to determine what you might net after all fees?


 There's no good "ballpark" figure, you have to know the amount of stays, cleaning fees, some add in pet fees and other things that can increase revenue. Schedule E from taxes would show what they are claiming. But the more detailed expenses and income you can get the better. 

Post: AirBNB Fees - Total Revenue VS Fees

Karl Denton
Posted
  • Rental Property Investor
  • Mansfield, CT
  • Posts 223
  • Votes 128

Airbnb takes 3% of what your making. However the other fees they take are before you even see profit. The gross usually includes the cleaning fees. So i would figure out how many stays they had and what the cleaning fee is. Then see what they paid for cleanings, usually it’s a pass through expense. But yes always ask for more when getting numbers on a property. 

Post: Sunday morning Cenote Dive looking for other investors that dive and want to join

Karl Denton
Posted
  • Rental Property Investor
  • Mansfield, CT
  • Posts 223
  • Votes 128

I’ll be going diving with my wife in the morning to a Cenote in Mexico, we will have a guide Louis who I networked with from a diving instructor I know very well. He will take us to the cenote. We have room for a couple more to join. It’s 215$ a person if you have your gear. If you need hear it will be additional. If you share the same hobby of diving and want to connect please let me know. Would love to offer this experience to other real estate investors.