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All Forum Posts by: Nehemiah Weicks

Nehemiah Weicks has started 4 posts and replied 7 times.

Post: Lake Arrowhead/ Running Springs Short Term Rental

Nehemiah WeicksPosted
  • Rental Property Investor
  • Anaheim, CA
  • Posts 8
  • Votes 3

Good morning Mitchell, 

I haven't been on bigger pockets website for the past few years. I am sure you don't need the questions you had answered at this point, but yes I was able to get cleaning, handyman, snowplow etc for my property. We are now on our 2nd season of operation. The first year was ok, the permitting process took longer than expected so we did not go live until April 2022 even though we purchased in November 2021. We were able to make Approx 25k gross for the year. Our 2nd season started off strong but once the record snow fall landed and the mountain closed off we have been dead ever since. Coincidentally I think the major factor to the dead season is people are finally traveling a little further away and not local trips during covid. I used airdna to monitor the market before our purchase and those numbers that I went off of were a prime covid year, so the 80% occupancies that i was seeing was super inflated. It has been more 20% occupancy for me. It's ok though I kind of went into this with the intent of using for our family too so even though we are taking a loss on it our family loves it and we come up often. I see a lot of short rentals either selling or transitioning into long term-rentals. How has it been for you and your husband? Did you guys ever buy? Are you up and running ? what other type of real-estate are you guys into?

Post: Lake Arrowhead/ Running Springs Short Term Rental

Nehemiah WeicksPosted
  • Rental Property Investor
  • Anaheim, CA
  • Posts 8
  • Votes 3

Hello, I just closed on a cabin in Running Springs Ca, and currently I am in the permitting process. I am looking for any good references for cleaning, snow plow, and a reliable handy man, if anyone has any good referrals I would really appreciate it. thank you.

Nehemiah Weicks 

Post: Indianapolis home inspection and contractor

Nehemiah WeicksPosted
  • Rental Property Investor
  • Anaheim, CA
  • Posts 8
  • Votes 3
@Kathryn Dunnivant Thank you, I will look him up

Post: Indianapolis home inspection and contractor

Nehemiah WeicksPosted
  • Rental Property Investor
  • Anaheim, CA
  • Posts 8
  • Votes 3
Hello , I have a duplex under contract in the Indianapolis Indiana area, I have severely companies that I have targeted in the area for home inspection and rehab estimates, is there any one out there that has some good referrals? Thanks

Post: Adding square food to a single family dwelling

Nehemiah WeicksPosted
  • Rental Property Investor
  • Anaheim, CA
  • Posts 8
  • Votes 3
Hello I am in the process of getting estimates for adding square footage to a single family residence , just wondering if anyone could help me out as to what is the going rate for adding square footage in Southern California

Post: For Sale By Owner Question

Nehemiah WeicksPosted
  • Rental Property Investor
  • Anaheim, CA
  • Posts 8
  • Votes 3
I only have the amount for down payment , my wife is about 6 months from graduating a nursing program so when she's done our income will basically double so the plan is to take out a 2nd for that 50k and repay them as soon as she starts working .

Post: For Sale By Owner Question

Nehemiah WeicksPosted
  • Rental Property Investor
  • Anaheim, CA
  • Posts 8
  • Votes 3

Hey everyone I am currently in the process of purchasing a home FSBO in which we've agreed that the purchase price of $490k but later on down the road I will pay them another 50k for a total of 540k. The reason why we are doing this is because this will be my 3rd home and 490k is the max that I was able to qualify for with out having to sell any properties. To protect both parties, what would be the best way to write up the additional 50k to be paid down the road? I've been told not to let escrow know about the additional payment. I would greatly appreciate any feed back.