All Forum Posts by: Nayt Grochowski

Hi @Jared Crouch

Here is what I use to calculate the return on a VRBO property, everything in blue should be updated for the property your looking at - my numbers for nights/rate came from the property management I am using on this one, and is based on similar units they rent out in the same area.

Hi @Thomas Chang

Welcome to the "neighborhood"! :)

What are you looking to do on the investing side?

There are a few great meet ups locally here that are great for networking, along with of course catching up on all the Podcasts here on BP and reviewing the blog posts, tons of great content and education on the site.

A few local meet ups I recommend:

http://www.meetup.com/Orange-County-Real-Estate-In...

http://www.meetup.com/Orange-County-FIBI/

http://ocreforum.com/

Enjoy diving in and hope to see you around!

Hi @Karen Margrave

I would love to see one too! As you know, I am in escrow on my first property, still waiting on the bank to get back to us on this short sale. But since then have been looking at more areas to find vacation properties, but having the same issue as @Beth L. mentioned - prices in many of those markets are up, saturation of units are high, vacancy rates are high and makes it hard to find one where the numbers work.

Of course that shifts my mindset for when I am looking to find wholesale deals too, depending on the marketing and the deal we find. If rehab is needed, and the market supports a vacation rental property, great way to find a property! Of course its the hard part of finding those wholesale deals with the right rehab numbers, along with any zoning issues that may come up for the nightly rental, etc... The joys of real estate investing! :)

Hi @Hashmat Amin and @Han Oh, welcome to BP both of you!

I'm a new local investor myself in South OC and am building my local wholesale and flipping business. Along with listening to the Podcasts and reviewing the blog posts here on BP, I highly recommend attending some local REI meetings - best way to find local connections to network with.

A few I recommend:

http://www.meetup.com/Orange-County-Real-Estate-In...

http://www.meetup.com/Orange-County-FIBI/

http://ocreforum.com/

Keys to remember - education yourself and make sure the numbers make sense any deal you do.

Hi @Jeff Deville

I am getting into VRBO myself too, have my first property in escrow. I always like to share notes with others to see what others use for calculations for getting into a VRBO property. I always look at the math before I invest in a property and like to share with others to see if anyone else has something to add.

Here is  sample of my latest deal - I use Google Sheets to store all my documents so I can review and update it anywhere:

Hi @Chris Dudek

In my research to find VRBO properties to invest in I have a spreadsheet that focuses on what my cash on cash return is and make a decision based on that. 

Sounds like you have one that is an existing nightly rental property, so you can get the rate they charging for peak/off season along number of nights booked for each, which you need to figure out the return on your investment. You can also compare properties in VRBO.net to find out what similar places are renting for, how booked they are, how many are in the current market (for saturation) etc.

Don't forget to include costs for Debt Servicing (if any), HOA, Taxes, Insurance, Utilities, Property Mgt, and savings for Maintenance/CapEx.

Remember it really should always come down to the numbers - use conservative values, and if they don't work out, don't do the deal.

The spreadsheet I have doesn't copy/paste well into a post here, but here is a picture of a deal I have in escrow right now:

Hi @Brandt Heflin and welcome to BP!

Great to see you getting into this at your age, hope your learning a lot out there - wish I had learned more about REI when I was your age. I would ask, why wait to start your investment group until after you graduate? You may want to consider trying to find a way to work on building it while doing your studies, it may even help, or be used, as project in some business courses you might take.

As I am finding - its no time like the present to get started!

@Karen Margrave that was me, I am purchasing a property in Branson MO for VRBO

@Patrick Parry can you share more data on the property - HOA, location, utilities, work needed, etc - and are you looking for traditional sale, or would be up for creative financing?

I have multiple businesses setup with Wells Fargo - no real minimums because we setup a process that transfers money between a savings and checking account for the business every month. Part of the their deal is if you automatically transfer money from your check to the savings account every month, the account has no fees.

Thanks @Dmitriy Formichenko and @Joe Homs - I did see the referenced banks when I setup the 401k, was thinking since my other business accounts are already setup with Chase (and needed to setup my new LLC account over there) would make sense to keep them in the same institute - so much for that thought!

On to Wells Fargo!