
15 December 2024 | 4 replies
My vision includes developing the land into a destination with features like driveways, walking paths, utilities, and unique lodging structures.Here’s my tentative plan1.Place the existing STR in an LLC2.Apply for an SBA small business loan to fund the next steps, including a feasibility study (~$10k+), land clearing, and infrastructure development.While this direction excites me, I’m torn between pursuing this venture and continuing with a more traditional approach—buying one home per year using conventional loans.I’d love to hear your thoughts:•Has anyone transitioned from STRs to glamping or similar ventures?

22 December 2024 | 21 replies
I have already had the pleasure of speaking with a few of you from Atlantic Canada here on bigger pockets. perhaps we can use this thread or create one to help with current issues problems or solutions to issues and challenges we face thoughts?

25 December 2024 | 10 replies
Note: I have not formally warned the tenant about any of these issues.I am seeking guidance and advice from the BiggerPockets community on how to navigate this challenging situation and successfully evict this tenant.Disclaimer: This is a complex situation, and I understand that legal advice is best obtained from a qualified attorney.

23 December 2024 | 25 replies
How challenging was the process?

24 December 2024 | 9 replies
If you're thinking of living here I imagine operating this will be a challenge.

22 December 2024 | 4 replies
What about drive approaches, parking lots, site lights, landscape, irrigation, etc.?

26 December 2024 | 21 replies
This approach undermines the trust that should exist in a lending relationship.

16 December 2024 | 15 replies
Wholesaling is one of the most challenging ways to start your carrier in real estate; over 90% fail within the first year.

20 December 2024 | 20 replies
There're some alternative planning approaches, but they are always case-by-case.

23 December 2024 | 9 replies
A strong partnership benefits both parties.Happy vendors are more likely to prioritize your jobs and provide high-quality service, benefiting both tenants and owners.Balancing Stakeholder NeedsBalancing these relationships requires a strategic approach:1.Standardized Processes: Implement systems that ensure consistency and efficiency in addressing maintenance requests, approvals, and payments.2.Transparency: Use technology, like owner and tenant portals, to provide real-time updates and visibility into ongoing issues.3.Regular Communication: Maintain open lines of communication with all stakeholders.