All Forum Posts by: Landon Thomas

@David Harvey Hey David, what areas of Chicagoland are you looking into? What little time I've been in this, I see 'wholesalers' marketing stale 100+ day old listings with overestimated ARVs. A good way to lose cred' fast IMO. Look forward to seeing you around.

Hey @Ahmad Ali , what are your investing interests in?

@Alison M.

Bumping this old one! Did you try out or have any success with Purls?

@Jesse Billadeau

Hey Jesse, I just left renting in Bucktown when I bought out here in Elmhurst! I rented next door to that modern black brick and steel 4 storey duplex you can see from i94, just north of Fullerton. Ugly building ruined the feel of the area IMO but I'm sure is doing great things for value on that block.

I've been eyeing Elmhurst to farm here more. Competition is tough, but a lot of older inventory still to hit the market. I have some ears in Orland and Frankfurt. Maybe we can line up on something, I'll PM, lets discuss more. 

@Wendell De Guzman

Thanks for doing this, where will we be able to find your Video Diary for the Glen Ellyn project that you mentioned in last weeks post?

@Dave Schneider

Just moved to Elmhurst, sitting at Elijahs right now. I'll PM with info.

@Eric Petersen

Hey Eric, Any news on your efforts?

A bit late to this one, but started looking into vacation rentals myself again. From what I have seen with close acquaintances' ownership of duplex in Breckenridge, the high season can make up for the lull of pricing and increased vacancies in the shoulder seasons. The way they have made the rental work is with a good email list of previous renters and a good presence on social media, offering variably discounted rates dependent upon demand and last minute deals to previous renters. 

As @Kent Verge mentioned, getting out of those 'rental communities' is what seems to make VRs work, and tying a long term renter to it... all the better, very nice platform Kent (maybe have that long term renter manage the short term rental as well?)

One of the partners is a software developer and has everything automated in terms of calculating demand and discount rates, as well as emailing previous renters. He built in automated emails to cleaners, pool guys, and renters, so management has become minimal. 

@Larry Fried @Andrew Bosworth Thanks guys! 

@Lumi Ispas Planning on contributing often!

Have a good day all. 

I figured it's time for an introduction. I have been a long time BP forum stalker and podcast listener, ready to get more involved. Currently in my first long term flip in the western suburbs of Chicago and with my first appraisal coming up since renovations (hopefully for a cashout refi into my next project), it's making me excited looking forward to more of these in the future. I am also involved in a SFR development project, where the primary investors picked up 9 lots from the FDIC at 12k/ea (55k/ea value). I am helping to develop a strategy to maximize the use of these lots. I look forward to reading more on development and any reading suggestions anyone might have. Have a good one,

@michaelsiekerka

Trip Advisor released this report last Thursday (2/13/14) the day you posted:

http://www.tripadvisor.com/PressCenter-i6602-c1-Press_Releases.html

It validates your thoughts on Marco Island, in regards to southeast and beach destinations, but it does appear that there are nearly 100 listings for the area on VRBO alone.

Just like what @mattlandau said on episode 57, marketing and renter experience would be key to starting out and standing out in this increasingly competitive class. As I like to say, always room for the best!