I know that I am not the first one to make a post like this so I understand how bringing value to the table can differentiate me from someone else in a similar situation.

We’re in an expensive mountain market, but the key takeaway here is our clients are NOT investors.

For those of you with an interest in learning more about vacation rental investments in the Pocono Mountains of Northeast Pennsylvania, the Poconos Association of Vacation Rentals Owners is delighted to announce that Bill Faeth of Build Short Term Rental Wealth will be a keynote speaker at the Poconos STR Conference on March 7, 2024 at the Camelback Resort. 

A couple of years ago I sold an LTR and 1031-exchanged it for an STR in the NC mountains.

Purchase price: $196,000 Cash invested: $42,000 Sale price: $369,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a deal on Pine Cone Way, Mountain Ranch, CA.

In a “nutshell”What can work - partnerships where each person brings a different necessary asset (knowledge, experience, time, capital, credit) to the table, the responsibilities, rewards, and expectations are clearly spelled out, legal documents are created to head off disagreements, and the parties are compatible.What doesn’t work - partnerships formed by two or more inexperienced people looking for “comfort” rather than going it alone, and anything other than the above. 

We plan to keep our personal residence and investment properties here in Colorado Springs and enjoy both the beach and the mountains!

Learn before you earn.Again, I am not trying to be “mean”, just keep in mind that you don’t know everything the seller is going through…from your side of the table this may look like an “easy deal” or a no brainer good deal the seller should jump on…seldom is this true.You probably won’t ever know what the seller is dealing with (could be multiple sellers, family issues, health problems with a loved one, and a hundred other things).

For the estimating rehab costs book, there is a table in section 4 from p.201-p.216.

My job is to get it to the closing table which can be difficult, and you don't know which way it is going to go until you are already in it.