Airbnb Ready Rentals +51% ROI

[Jordan Duran]

Looking for some advise on a build and rent strategy that I have come up with. Would love to jump on a quick call and see if you think it is viable. https://calendly.com/rockwell_...

[Luke Carl]

10% down and rental do not go together so that’s your first problem. 

[John Underwood]

Your downpayment is not your only out of pocket expense. As Luke said you can't do 10% down on these.

[Rosa Regier]

Also double check your revenue using the enemy method. 

[Jon Martin]

Quote from @John Underwood:

Your downpayment is not your only out of pocket expense. As Luke said you can't do 10% down on these.

 "These" as in new builds or vacation homes? IIRC as long as you follow what's written in the lender rider in regards to "some" personal use you are good. 

@Jordan Duran is this some kind of prefab?

[Jordan Duran]

If you use it as a primary you can do 5% down secondary 20-30%. Also if you sell 10-20% of the LLC after construction this will give you all your down payment back. I'm offering to buy part of the llc after completion.

[Jordan Duran]

 

@Jordan Duran is this some kind of prefab?

Yes I have a few different designs. Some really cool space ships too.

[Brooklyn McCarty]

You have $0 as extra expenses, there are always extra expenses lol 

[Jordan Duran]

Quote from @Brooklyn McCarty:

You have $0 as extra expenses, there are always extra expenses lol 

Yes I added it in so you can play with this calculator. If you want more info let me know.

[Melissa Nash]

Is this an ADU? Yes- great idea to make extra income on your own land and easy to manage. These would also be great on land that you bought in places near national parks or areas where housing is expensive. Usually land deals are all cash... but there are some lenders out there or seller financing on land options. I like thinking outside the box.... I took a property that no one wanted bc of the odd layout and turned it into a couples retreat and make more money on that one that the regular property in the same town. Always keep the creativity up. If there is a will there is a way.

[Jordan Duran]

Quote from @Brooklyn McCarty:

You have $0 as extra expenses, there are always extra expenses lol 

Yes I added it in so you can play with this calculator. If you want more info let me know.

Melissa, Yes it can be an ADU. I have a few different plans if you know anyone interested.

[Michael Baum]

A couple of things @Jordan Duran. First, are these on permanent foundations? If not, they are not real property and value is not there.

IMHO, this looks like something that would have been more viable 5-10 years ago. The tiny home thing is starting to get played out. Especially when they are glorified trailers and the like.

My 2 cents.

[Jordan Duran]

Yes i totally agree. yes these will be on an actual foundation should be a good starter for a piece of land then you can build a bigger home later. 

[Jordan Duran]

Quote from @Michael Baum:

A couple of things @Jordan Duran. First, are these on permanent foundations? If not, they are not real property and value is not there.

IMHO, this looks like something that would have been more viable 5-10 years ago. The tiny home thing is starting to get played out. Especially when they are glorified trailers and the like.

My 2 cents.

To get financing they have to be actual foundation

[Michael Baum]

Ok, gotcha. It's not something I would do. I am not interested in the tiny house thing. Good luck with the plan!

[Hunter Gibson]

Are you planning on doing this in Ogden Utah. I am a Top Realtor in the area and if you do not know the area. Depending on where you are building you would not get these returns.

[January Johnson]

Quote from @Jordan Duran:

Looking for some advise on a build and rent strategy that I have come up with. Would love to jump on a quick call and see if you think it is viable. https://calendly.com/rockwell_...

I'd love more info about the prefab source/plan/cost.  Feel free to email me!