All Forum Posts by: Steve Ford

Thank you

This is why I’m on here. Learning from others. Thanks. 

Great Info and perspective. Thank you.

Thanks James. Really appreciate the perspective. And I understand the philosophy. Counter is that it's arguably not just a house, it's a running business. Found the link below that is interesting and describes market-based pricing. Clearly a judgement call. My challenge is that I'd like to find something turnkey that has cash flow day one. I know I'm going to have to pay up a bit for that, and if I don't, there are enough other investors and investor groups out there that I'll likely not be competitive in any of my offers. Thanks again for your response. Would certainly be interested to hear if you've had success with that approach, considering my added constraints.

https://sigmamergers.com/how-to-sell-a-bed-and-breakfast-bus...

I've got all of my ducks in a row (financing, agent, multiple potential deals). Have a few turnkey BnB properties I'm evaluating but not sure how to assess flowing revenue streams. I get that there should be some premium for a running business relative to SFH comps, but what is reasonable, recognizing that resale won't necessarily have only STR seekers interested? Don't want to price myself out of a future market.

Thank you for the suggestions. I’m a bit of a spreadsheet nerd but I’ll check out the app. 

Thanks Bruce. You're right. I was loose with my description. Looking outside the city proper (Las Colinas, The Colony, Frisco, etc…up around where Universal is going in). I'd like the flexibility of an STR but got comfortable with the risks of local government pushback because I can convert to LTR. I'll certainly be looking at MTR options. Is that viewed differently by the regulations being proposed?

Thanks for the suggestion. Do you have any experience with them? I looked at them a few years ago briefly but they didn’t operate in the market I was looking at at the time. I’d forgotten about them. 

Yes, Dallas suburbs. NW of the city.