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12 October 2024 | 2 replies
We’re thrilled you've joined us.
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14 October 2024 | 22 replies
Hey Taylor,Congrats on taking the first step into real estate investing..its a thrilling ride!
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10 October 2024 | 3 replies
The real estate journey is a thrilling one, and it's even better when shared with folks who get the passion.Looking forward to seeing where your dedication takes you!
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6 October 2024 | 5 replies
Heard through a friend as potential for cash flow even with current rates and growth potential due to proximity to TX north border, casinos etc.
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9 October 2024 | 13 replies
Stay Renting:Pros:We have a great deal on rent ($3,200 total, $1,600 each), which allows us to save, stay liquid and focus on growing the rental portfolio.We love the apartment.Cons:We’ll likely need to move in a year, and comparable places are around $4,000/month.I’m not thrilled about moving, and it feels like we’re just delaying the inevitable.Not getting any appreciation.I’d love to hear your thoughts.
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11 October 2024 | 40 replies
I would be thrilled to take you up on your kind offers to speak in person, so I'll DM you.Thanks again!
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7 October 2024 | 8 replies
Stay Renting:Pros:We have a great deal on rent ($3,200 total, $1,600 each), which allows us to save, stay liquid and focus on growing the rental portfolio.We love the apartment.Cons:We’ll likely need to move in a year, and comparable places are around $4,000/month.I’m not thrilled about moving, and it feels like we’re just delaying the inevitable.Not getting any appreciation.I’d love to hear your thoughts.
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2 October 2024 | 7 replies
I'm thrilled to begin my journey into buying short-term rental properties.
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7 October 2024 | 190 replies
Its a magnet for grifters and fools, and the "investing" equivilent of going to that crummy casino in National Lampoons Vegas Vacation (?)
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6 October 2024 | 12 replies
However, there are some challenges to keep in mind:Regulatory Variations: Regulations can vary widely between locations and are constantly evolving.Active Management: STRs require more hands-on management for guest turnover and communication.Additional Costs: Don’t forget about expenses for furnishings, cleaning, and possibly hiring a property manager.If you’re looking for STR-friendly areas, consider these locations, as others can be too expensive to consider, such as Snowmass Village or Aspen:Breckenridge: The most visited ski resort in North America, attracting around 3 million tourists each year.Steamboat Springs: A popular year-round destination for winter sports and summer activities.Keystone: Great for those wanting a less crowded resort experience.Divide & Florissant: Charming mountain towns close to Colorado Springs.Fairplay: Just 30 minutes south of Breckenridge, with an impressive 82% Airbnb occupancy rate.Cripple Creek: A former mining town now known for casinos and outdoor activities.Park County: Very Airbnb-friendly, though regulations may change.Here are some strategies to help you succeed in the STR market:Hybrid Model: Consider using some units for STRs and others for long-term rentals to balance income.Research Local Regulations: Always check the current rules in your target areas before investing.Year-Round Appeal: Focus on locations that attract visitors in all seasons.Quality Furnishings: Invest in quality to justify higher nightly rates and attract better guests.Dynamic Pricing: Use pricing strategies to maximize revenue during peak seasons while maintaining occupancy in the off-season.Stay Flexible: Be ready to adapt your strategy as the market and regulations change.While Colorado’s STR market offers exciting opportunities, it’s essential to approach it strategically.