All Forum Posts by: Johannes Ariens

Yeah I'd be interested, I live in South Seattle.

Hey Mark,

That is my area of interest as well, and down to Tacoma.  I live over in Georgetown.  How long have you been in the area?  Let me know.

Johannes

@Tarl Yarber did you see this one?  Just curious if you'd be interested.

let me know.  It'd be great to catch up and I may be down your way late this week so could come find you.

Johannes

Great Post! Recreational Vacation Properties are a major area of interest for me.  I use AirBNB for advertising and their booking platform.  I have been doing this for a few years at our residence with amazing success, we are close to downtown Seattle.  However, I have some "build ready" (water/sewer/power) land out in the woods here in Washington.  I am working through the details right now of doing a high-end micro campground with either yurts, trailers, sheds, etc... and then building a small public space with all the utilities at it; think showers, sink, BBQ, bathrooms, etc. using our existing utilities.  

I'm really excited for the project and will keep everyone up-to-date.  My family has been running an AirBNB apartment on the same property out there for about 2 years with numbers incredibly close to our Seattle place.

Feel free to shoot me a message if you want to chat more.

Johannes

Hey Candis,

I have some ideas and experience on what you are talking about.  I'd be happy to discuss further.  There are many ways to go about it but your model, depending on the area and how you deploy surely has credibility.

Let me know if you'd like to chat.

Johannes

Hey Patrick,

Please add me as well for King Co.

Thanks, 

Johannes

http://www.lawhg.net/imantsholmquist.htm  

Here is who I use.  Very knowledgable, respects the clock, and plays in the game a bit himself so gets it.

this a great topic. I'm currently building a vacation rental and installed a gas fireplace that is thermostat or remote controlled and I really want to make sure it isn't accidentally left on when someone leaves. I want to do a nest so then I could monitor with my phone but am having trouble nailing down the details. Any help would be great. 

Hey everybody,

I have a place under contract and just received the financials.  Here are the details of my first offer and what is was based on:

5 Units (all rented) = 1,995

1 House 2/1 (rented) = 650 

7 RV Hookups @ 350 (3 rented) = 1400

Expenses = 14,400 

Asking: 249,000

Declared Gross Income: 55,200

OFFER 1 (Based on above)-

Owner Financed

Price: 240,000

Down: 20%(48,000)

Interest: 8%

Terms: 10 year balloon on 30 amortization

Returns: Cash on Cash= 28% Cash Flow= 1153

Reality

5 Units (all rented) = 1,995

1 House 2/1 (rented) = 650

7 RV Hookups @ 230 (3 rented) = 690

Expenses = 14,400

Asking: 249,000

Actual Declared 2014 Gross Income: 37,364

Actual Declared 204 Expenses: 34,367

Given this information the expenses are obviously bloated, the utilizes are not meter separated (where 50% of the expenses come from) and the rents are below market so my question is what should my next offer look like?

Thanks a ton for helping out a newbie BP!

Johannes