All Forum Posts by: Jonathan Weaver

Did you ever find anyone? 

 Question on this.  If they are doing an Airbnb, isn't that considered active real estate?  Wouldn't that allow them to take it against W2 income as well? 

Hey Guys!  

I am in the area as well.  Who are you using for Property Managers?  I am interviewing a few and looking for any feedback.

Thanks

Jon

@Conner Daniel did you end up buying in this market?  Who was your agent?

Hey Avery! Loved the book and thank you for the special invite for this discussion. What is your goal/target for any given project? Do you have a required RoI/CoC? I remember hearing Brandon requiring 15%+ for LTR.

Thanks!

Hello BP!

New day, new question.  I’ve reviewed the top hits for this subject and didn’t come up with anything in the past few years, so wanted to revive and see if anyone has had recent success or is currently developing a short term rental community. 

We have found a few pieces of land that may lend themselves nicely for this type of development. A nice mix of glamping sites and permanent structures well spaced over ~100 acres. Each unit self sustained. 

I understand the overall red tape challenges (starting to dig at the local and state levels to better understand the nuisance of the codes), my question really is modeling the cost model and projecting returns so I can develop investment material to find funding.  

Appreciate any feedback y’all have!!

jon

@Joshua Strickland - Do you see a correlation between purchase price and CoC? $X purchase price = xx CoC but 2x purchase price = 2.5 CoC? We are looking at getting into the STR game. Currently evaluating a small starter to get our feet wet or jump in with a larger property to can CoC/CoE gains.

Thanks @Collin Hays!  I concur, I see there may deal to be had (they are looking to sell property, we want to buy a property).  I am trying to determine best tactic to get to win-win.  Understanding the appraisal process arms us with the knowledge to offer a fair (not low ball) offer to get the other side to open up.  Property not going to sell if it needs to be financed due to the appraisal - so they will have to wait on a cash heavy investor.  In the mean time, if I understand their motivation and develop a unique angle, maybe I can get this at the right price. 

Thanks @Lien Vuong!  We were hoping to wrap this in a 2nd home loan to minimize out of pocket costs.