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All Forum Posts by: Kobe McDaniel

Kobe McDaniel has started 52 posts and replied 86 times.

Post: Hello BiggerPockets! New PRO here

Kobe McDanielPosted
  • Real Estate Agent
  • Snohomish, WA
  • Posts 90
  • Votes 46

Hello BiggerPockets community! I'm Kobe from the greater Seattle area and I’ve been passionate about real estate investing for some time now. I'm particularly passionate about developing and working with investors as an agent.

Outside of real estate, I enjoy sports and getting ourdoors.

Excited to learn and connect with you all!

Post: How to comp a property with no comps?!?!?

Kobe McDanielPosted
  • Real Estate Agent
  • Snohomish, WA
  • Posts 90
  • Votes 46

Great idea, thanks for the response!

Post: How to comp a property with no comps?!?!?

Kobe McDanielPosted
  • Real Estate Agent
  • Snohomish, WA
  • Posts 90
  • Votes 46

Hi BP,

I’ve got a mixed use property I’m looking at that has zero Comps. Because it’s commercial on the bottom and mixed use on top, I’ve got nothing to compare it to. Any tips?

Thanks

Post: How to structure an equity split amongst investors?

Kobe McDanielPosted
  • Real Estate Agent
  • Snohomish, WA
  • Posts 90
  • Votes 46

Hi BP,

A deal that I'm currently working on has the potential of involving 2 separate partners, not including myself. One partner would front cash for renovation, and the other would front the down payment. What are some creative ways of structuring an equity split between the three of us. Thanks

Post: Need help with a Seller Finance deal

Kobe McDanielPosted
  • Real Estate Agent
  • Snohomish, WA
  • Posts 90
  • Votes 46

Hello BP community,

I have a potential seller finance deal where the purchase price is 650k. They are asking for 20% down and a 3 year balloon payment. I want to make sure I'm not missing anything here, is there any other info I need to properly analyze this? Also, it's 2 units. One rents for ~$1600, and the other does not currently have a tennant and needs some $$$ put into it. Any advice would be great on this. 

Post: Looking to find FREE Short term rental data

Kobe McDanielPosted
  • Real Estate Agent
  • Snohomish, WA
  • Posts 90
  • Votes 46
Quote from @James Carlson:

@Kobe McDaniel

AirDNA offers some free stuff, for sure. But I guess I'd push back on your emphasis on "free." I'd urge anyone who's going to buy a multi-hundred-thousand-dollar asset to throw down $100 (or whatever it costs) to get the full data.

If I didn't already have a full AirDNA subscription, I'd be advising my Colorado STR clients to do so.

Good luck in your analysis.


 Good thought, small change in the grand scheme of it.

Post: Looking to find FREE Short term rental data

Kobe McDanielPosted
  • Real Estate Agent
  • Snohomish, WA
  • Posts 90
  • Votes 46
Quote from @Ko Kashiwagi:

Hi Kobe,

Have you looked into AirDNA? The data is not always accurate but it gives you basic information as a baseline. In general, the most sure way to confirm data is to actually look at the listings on Airbnb and Vrbo.


 Will try this. AIRDNA free version is good for overall market research, ie looking at the whole area of Seattle instead of a specific county/city.

Post: Looking to find FREE Short term rental data

Kobe McDanielPosted
  • Real Estate Agent
  • Snohomish, WA
  • Posts 90
  • Votes 46

Hello BP,

I live in a region with a handful of Short term rentals and I'm currently analyzing a property with STR potential. Where is the best place to get free data on STRs? Obviously a little knew to the short term space here. Thanks!

Post: Where to find Market data and analysis

Kobe McDanielPosted
  • Real Estate Agent
  • Snohomish, WA
  • Posts 90
  • Votes 46

Redfin Data has great stuff fore major cities and areas https://www.redfin.com/news/data-center/

Post: Generating Strong Leads

Kobe McDanielPosted
  • Real Estate Agent
  • Snohomish, WA
  • Posts 90
  • Votes 46

I would get specific...

What kind of leads? Sellers? Buyers? 

Then go from there