All Forum Posts by: Kristi Bass

Yes I feel confident that I can still sell the properties of the Vacationers dwindle. I'm buying them at a good value without consideration of the VR side. Just trying to design a reasonable pro forma for my banker that will show cash flow projections he can feel comfortable with. It's such a new platform for Waco that he's very nervous about lending with the primary goal of doing this as a destunstion rental. But I feel very good about the numbers even once the hype blows over with the Fixer'upper. Any suggestions on how to present a business plan to him that's not exclusive to these as rentals but still could make him feel good about the loan?

Waco has become a hotspot here lately with over 25k ppl coming thru weekly (according to the Waco Trib stats on Magnolia Markets & the Silos) mainly for the opportunity to see, shop or meet with Chip & Joanna Gaines

Well these properties are both in Waco TX & were done by Chip & Joanna from Fixer'upper. 

VRBO's are they a good way to maximize a properties returns? I have 2 very nice properties under contract. One has a main home, 3k sq ft with a 1 bedroom cottage, a 2 bedroom cottage & an efficiency apt. The other property was a renovated barn that was just featured on the fixer-upper tv show! Both properties are extremely unique but both seem perfect for short term vacation rentals thru Airbnb or VRBO website booking services. Have local friends who are doing this with their home & stay at about 90% occupancy & they are quadrupling what their mortgage expenses are every month. In fact they are looking to move out of the home permanently to keep from living with family pretty much all the time. So in trying to decide if this is a good direction for me to take on these 2 places it if there may be pitfalls I'm unaware of. I have forecasted the numbers & at 25% occupancy (at local comp rates) I cover my NOE. Would love any advise or theories about going this direction.

VRBO's are they a good way to maximize a properties returns? I have 2 very nice properties under contract. One has a main home, 3k sq ft with a 1 bedroom cottage, a 2 bedroom cottage & an efficiency apt. The other property was a renovated barn that was just featured on the fixer-upper tv show! Both properties are extremely unique but both seem perfect for short term vacation rentals thru Airbnb or VRBO website booking services. Have local friends who are doing this with their home & stay at about 90% occupancy & they are quadrupling what their mortgage expenses are every month. In fact they are looking to move out of the home permanently to keep from living with family pretty much all the time. So in trying to decide if this is a good direction for me to take on these 2 places it if there may be pitfalls I'm unaware of. I have forecasted the numbers & at 25% occupancy (at local comp rates) I cover my NOE. Would love any advise or theories about going this direction.