All Forum Posts by: Paul Gagich

Having our container home built with expected delivery in about 6 weeks. Does anyone have a good contractor for our foundation (stem wall) and experience with setting modular buildings? Thanks in advance for your help!

@Ryan Riches - sounds like you’re on the right track as well! Let’s try to meetup in the next few weeks-would be great to hear your story! I will message you. Thanks!

@Robin Searle-Thanks for the info, I will add that page to my list and look into taxes, license, etc...

@Robin Searle-thanks for the quick response! My property is zoned R2. It is also a double lot which I’m hearing is rare this close to downtown. Right now it is unused and growing weeds and I agree, there is great potential. Thanks for the boost of confidence!

Hey BP community-newbie living in Colorado Springs getting ready to bite the bullet and could use some input:

Here is my initial plan:

Have a small guest cottage built (or prefab) in the back of our lot. We always wanted one for family to stay in when they visit and more so for a short term rental-AirBnB-1 BR, sleeps 4. We live a short bike ride (5 min) from downtown CS and rates are going anywhere from $55-120/nt. and everyone I've talked to that has one says they have no problem renting out. We are going to use a heloc, savings, and liquidate our investments (only if needed) to fund this. Once we get up and rolling, our next thought is to refi and use any new equity to BRRRR into the next deal.

Long term plan is to generate $100-150k/yr between rentals and a fix and flip or 2 /yr to retire from my current occupation that has me working 60-90 hrs/wk...really hoping to buy back some time to spend with my family!

My question is: does this sound like a viable option or do I skip the short term rental and look into buy and holds right out of the gate?

Thanks in advance!