All Forum Posts by: Simon Everett

 Thanks for your feedback. I will defiantly reach out to you soon. I am just now beginning to look into financing options as well. Love to talk about those properties soon

Thank you all. I was thinking many of the same questions that y'all brought up. One of my ideas would be to market this as "Branson on a Budget!" You can get an equal or less quality hotel room at the Holiday Inn (likely w/o a kitchen) for $100+ a night. I know many working class folk in that area who can only afford to go to Branson once a year for a vacation. I think that it'd be a great selling point as a cheap anniversary retreat or a weekend getaway for a couple. 

I have also considered reaching out to the Branson show teams/ Silver Dollar City to see about midterm rentals for contract workers. I know many Branson shows have foreigners that move to the area for xxxxxxx amount of time to do a show. 

The comparable on Air BnB are few, but seem to be renting around $65-85/night. I messaged one host and was told she rents her renovated studio at 75% occupancy through the year. Maybe kinda high expectations though.

My biggest pro is that the barrier to entry is so low for the studio condos that is the low risk worth the lower reward? Possibly!

Hey BP fam, got a quick question for y'all. I've been considering a STR in the Branson, MO area. (I grew up in that area). I have come across several small condos as nightly rental. A few in particular are studio style. One room with kitchen & bed. ~350-450 sq ft. Much like an upper mid class hotel room with kitchenette.

What are your thoughts on these over a traditional layout condo (1 or 2 bed/bath)?  Will they get rented? Obviously not a family trip kinda room.

Most of these things are under 100k, low barrier to entry, easy to pickup. 

Hello guys! Im getting closer to buying my first property. If I have a partner with private money willing to put up the down payment, how do we structure the deal? I believe the partner would be willing to do something like a good chunk of equity in the deal in return for his money. I would also like to know your opinions on paying interest on his money instead. For example, gives me $20,000 for down payment at 5% interest to be paid back by xxxx date. 

Is this legal with traditional loans? Would I have to season the money in my bank account? How would this work legally? JV or promissory note?

My wife is a nurse and as I am sure you all know, nurses are in high demand right now. Travel nursing has become very popular. This is where companies will pay (sometimes extremely) good wages to contract a nurse across different locations/ hospitals for different amounts of time. A travel nurse from Texas might be assigned to a particular hospital in Arizona for 12 weeks and then leave.  

Does anyone know of any companies contracting their rentals to the travel nurse companies? Wonder if it would be a good income or a good idea to reach out to them, especially if a unit is close to a hospital.

What do you guys think of this deal? Any red flags looking at the financials? 

- Fully rented

- Rural town ~ 4,500 people

- Agri economy 

- 1.5 hrs away from me

- 30 mins away from a town of 10,000 with a 4 year university of 4,000 students

For my first deal, wondering if it is an easy way to get into a deal, cheap, and profitable.

@Brandon Rush Thank you! The last 5 years was college for us. We are both a couple years into our careers. First time in our lives to have much money saved up, so it was not possible to buy property 5 years ago. We are lifelong friends and both desire to do business together. We could buy properties separately but just thought that combining money = more doors faster. Thanks!

My friend and I have been talking about getting into real estate for a long time. 5 years or more of talk. Now we are finally to the point that we HAVE to do something about it. We both work full-time careers. Live about 5 hours apart. We have talked about going in as partners in rental properties (SFR, duplex, slowly building up to large apartments). Should form an LLC and go in as partners in a real estate investment business? Should we individually build our portfolios independently? Another piece of the puzzle is my wife and I just purchased our first home. We considered doing house hacking but ultimately she wasn't willing to do that.

What would you do with this dream? We ultimately want to build a business that replaces our current careers