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All Forum Posts by: Steven Behnke

Steven Behnke has started 2 posts and replied 2 times.

Post: Ski Resort Condo Buying Strategy

Steven BehnkePosted
  • Investor
  • Hunter, NY
  • Posts 2
  • Votes 0
Hello everyone, What do you all think of the strategy of buying small 1 bedroom condos but in the best locations at ski resorts so I can charge a premium price per square foot but keep my initial and long term costs as low as possible. Does anyone here have experience purchasing condos at ski areas with this strategy? What do you all think?

Post: Leveraging a condo owned by our LLC

Steven BehnkePosted
  • Investor
  • Hunter, NY
  • Posts 2
  • Votes 0
Hello everyone, My business partner and I own a ski condo in Hunter, NY and want to leverage it to purchase a condo in Killington, VT. We just started an LLC in September of 2015 and we purchased the condo all cash in January of 2016 for $165,000. Do you think our LLC can get a mortgage or loan when leveraging our first investment or should we wait? What factors matter? Where and what should we be looking for? The first condo is doing well despite the terrible ski season in the northeast. Thanks all, love this form and the passion you all have :-) - Steve