All Forum Posts by: Ben Johnstone

I have a successful Airbnb that grosses $180k a year. Asking price $1.29m

I think I can get the highest price by selling to another Airbnb owner as opposed to just on Zillow since the cashflow is great. Are there any places I should be listing it specifically to target an airbnb buyer? I've found a couple but they are rinky-dink sites.

Thanks in advance.

Ben

Thank you for this  @Sawyer Smith. You've given me a lot to think about.

If a property is not currently listed as "historic" then apart from being at least 50 years old what is the usual criteria it needs to get it listed on the registry?

Thank you for the advice! It’s been hard to find the time but once I dial back on my day job it will be easier. 

Hey everyone,

I'm finally at the point where I'm ready to quit my day job and go full-time into real estate investing. 

I'm looking for someone to team up with who has similar knowledge, experience, and vision to me. I'm not looking to hold someone's hand, I'm looking for someone who has already done a couple of projects already and wants to scale.

Like a tennis player trying to get better, I'd love a partner who's "better" than me, but I'll settle for commensurate! (im also trying to get back into tennis after a 10 year break lol).

I'm 35, British, used to be an actor and then became a successful personal trainer, but real estate was always the end game. Most of my knowledge comes from bigger pockets, other online forums, books, courses, and youtube. None of my knowledge comes from mentors or in-person interactions. This is what I'm looking for, but rather than a mentor I'd like someone on the same level as me so we can bounce ideas off each other, check each other's work/assumptions. I'm tired of learning in a vacuum by myself and not knowing whether my ideas are any good/valid. I've gone to a couple of meetups but so far no luck meeting anyone like me.

My Experience:

- Own my own renovated condo

- Renovated a successful luxury Airbnb (Gutted an existing home, added, sqft & pool, now one of the top performing STR in the area)

- Broken ground on a future STR/showcase home (already have interest from design publications to follow along)

- In the middle of a 2000sqft flip

- Design stages with an architect on a luxury spec home in the desert (land bought, topos done)

With the success of the current Airbnb and designs for upcoming houses, I have decent access to capital but obviously would want a partner who also has their own capital pipeline.

I love all aspects of real estate, but it's rooted in design and the end-user experience. I'm interested mostly in luxury spec homes, STRs, hotels/motels, and land development.

Whilst I'm always looking to network, and meet investors, builders, loan officers etc, this post is about finding a long-term partner.

If there's anyone out there in LA who feels like there in the same boat, let's chat!

@Dave Stanley Any update on how its going?

@Voncella McIntosh

Hi. Unfortunately, it is not legal. I had a friend who did exactly what you are describing 5 years ago and was shut down two years ago. You need a short-term rental permit and you won't get one without having a fixed structure and septic tank, electricity etc on the property. The only way people do it kind of legally is by adding a yurt on their property where their main house is and get a permit for their house but rent out their yurt. Everyone else is operating illegally and eventually will be shut down. It's a risky business model but most people who are doing it have been for years before it was illegal so at this point its all profit for them. 

please send me info @ [email protected]

Hi Zach, 

Please email me [email protected]

Just emailed you

Hi @Steve S.. I am interested, my email is [email protected]