All Forum Posts by: Ryan Thoma

Hey, do you guys still do these events. Would love to attend, if so. Lmk - thanks.

Open to share? I own some land outright I'm looking to build on and convert to DSCR as a STR.

AJ, any input on the daily rates in AirDNA? I'm performing an analysis right now and gathering data on top-performing properties I admire in the area. One issue... The daily rates AirDNA posts are different from what's on Airbnb/Vrbo.

For example, my neighbor's listing. AirDNA claims they have a daily rate of around $555. However, on Vrbo or Airbnb the property is listed at around $245 per night. Have you run into that discrepancy? Am I missing something?

Around $11k for the well from trusted local driller. Collected multiple bids for excavation and the one we were most impressed by was about $44k. Plumbing all that to the house is a couple grand more before rough-in.

My property is in a very rural area right next to a popular ski resort plus it is elevated on a ridgeline. Hooking up to public water/sewer is not an option. This is the norm for most of the Green Mountains region. 

Following up via DM momentarily. Thank you. 

 I'll have more of an idea on that early next week, meeting potential builders on site this weekend. Thanks for getting in touch, will follow up.

Hi, per the title, I have 5 acres of land in VT outright under an LLC. I am looking to build a SFR for short-term rental, would be my first-time new build.

I have engineer plans for well and wastewater stamped by the state of VT for up to 4 bedrooms. I'm now courting builders for plans and estimates, narrowing down to few I've shortlisted. Which leads to the funding...

I've used hard money for flips but this is too rural for their underwriting guidelines. I'm also having fits with traditional banks because the loan would be considered commercial. My financial advisor is boutique and is connecting me to private lenders which sounds promising but who knows their appetite. I can muster my own capital + leverage but it would not be quite enough I think (and my wife might kill me).

My instinct is to raise capital hell-or-high-water and refi later upon completion with a DSCR. Is there an option or strategy I'm missing for the first leg of this? Any input appreciated - thank you.

I own land in rural New England that will feature two off-grid geodesic domes. May include generator and definitely a portable water jug. I stayed on a few of my competitors' properties and the water jug came in clutch. I also saw what they were making by finding the listings on AirDNA and it was impressive, more than I'd hypothesized. However, I'd like to eventually collateralize the cashflow to really make the property a more luxurious experience with saunas, etc but for now that's the plan.

Good luck.

Amen! I live near Longwood and my wife used to be a nurse at BWH. In 2-3 years my wife wants us to move to TX so I'm just going to MTR my primary here in Boston to traveling nurses.

Data has so far been steady in the corner of New England I'm in but then again this area was a popular vacation destination before STRs even existed so maybe flawed. In any case, the rates took time to sink in it appears and I'm not surprised to see a cooling. Personally, I expected it to be more drastic.