All Forum Posts by: Tyler Rowley

@Joe S. In order to mitigate risk and lessen the amount of capital needed to get into deals. Gator Lending works for people. Like anything else, you need to know how to do it well. It can be very lucrative. 

Jesse, did you ever figure this out? 

How did this event go? Is there a link? 

@Don Konipol, thanks for that thoughtful response. I hadn’t considered getting my real estate license but that could be a helpful piece.

I didn’t mean that the buyer needs to purchase the house 100% cash; rather I’m saying they finance it on their own, whether that means a cash purchase or a loan. 

However they choose to acquire the house, the goal is to help them *at least* break even every month through STRs. 

I’d like to discuss this type of deal with you whenever you’re ready. 

Hi,

I'm considering launching a STR investment business and I am hoping for some feedback.

This is the gist of the model:

- I help people identify and purchase a good STR home that can double as both their vacation home and an investment property.
- They finance 100% of the purchase. 
- I manage the property as a STR.
- I am a 10% equity partner.
- My property management fee is 5% of NOI.

Background: I currently own and manage five STR properties, one of which I own with partners and the agreement is set up similar to what I've described above. Now I'm looking to scale those types of deals.

QUESTIONS:

How would you structure my exit clause?

Do you see this as a fair agreement?

Overall thoughts?

Hey Scott, thanks for asking. I’m advising them on getting a co-signer to buy their own house. If that doesn’t work, I’m not sure. I think they just need to keep looking for a rental that will accept them. 

Investment Info:

Single-family residence buy & hold investment in Westminster.

Purchase price: $625,000
Cash invested: $156,000

Direct lakefront home with panoramic views of Wachusett Ski Mountain. Your backyard is the gorgeous Wyman Lake! Wachusett skiing (voted #1 In MA) is 2 minutes away!

For summer travelers, we provide kayaks, canoes, paddle-boards, bikes, firewood, grill, cornhole, & more!

The home boasts an outdoor shower, washer/dryer, work-space, dishwasher, sunroom, two-tiered deck, 50” smart TV, and full kitchen amenities.

What made you interested in investing in this type of deal?

Year round STR.

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

Conventional

How did you add value to the deal?

Furnished ($15k)and fixed up ($20k)

What was the outcome?

Renting well on airbnb

Investment Info:

Single-family residence buy & hold investment in Westminster.

Purchase price: $625,000
Cash invested: $156,000

Short-term rental investment. Lakefront home with views of a ski mountain.

From the Airbnb listing:

Direct lakefront home with panoramic views of Wachusett Ski Mountain. Your backyard is the gorgeous Wyman Lake! Wachusett skiing (voted #1 In MA) is 2 minutes away!

For summer travelers, we provide kayaks, canoes, paddle-boards, bikes, firewood, grill, cornhole, & more!

The home boasts an outdoor shower, washer/dryer, work-space, dishwasher, sunroom, two-tiered deck, 50” smart TV, and full kitchen amenities.

What made you interested in investing in this type of deal?

Year round STR.

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

Conventional

How did you add value to the deal?

Furnished ($15k)and fixed up ($20k)

What was the outcome?

Renting well on airbnb

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $350,000
Cash invested: $70,000

From the Airbnb listing:

A small, charming lake house with a magnificent view of a ski mountain — Wachusett Ski Resort (voted #1 in MA).

Newly-renovated, 650 square foot cabin with a wall unit AC, fire pit, grill, smart TVs, kayaks, paddle board, and all the amenities you’ll need for your getaway.