All Forum Posts by: Brett Deas

You could find those numbers in certain parts of Denver.

Airbnb has changed to a very guest centered platform, it is not expected that they would help the hosts. 

So if you are selling the home post rehab, the value of the home is estimated through finding comps. That number is referred to as ARV.

The way it typically works is you have an agent or someone else run recent sale comps for you, those that are in the same area, size, and finishes quality. Then you can use those sold properties to guesstimate what the sale price on your property will be post-flip. 

The rentalizer tool is very inaccurate, from what I have seen. It pulls comps according to numbers but it can't accurately take into account the non-number factors. I.e. finishes, landscape, natural amenities. You have to check and make sure the comps are actually comparable with these parts as well. 

It's always best to check with multiple sources before relying on the one. 

We have done some deals like this before. We do a simple JV and outline the returns and responsibilities like it is a normal syndication but with a monthly/quarterly update meeting. In that meeting the 'LPs' get to make some decisions. Satisfies the the SEC tests and keeps the structure simple enough for everyone to understand.

What type of rental are you looking for? Short-term or Long-term? 

I think you will find banks only care about risk right now. If you are not the cookie cutter credit / employment profile, you are going to have a very hard time for the foreseeable future. 

Is it a bigger management co? 

Never use a big box STR manager, many people run their business model like LTR's and it kills your returns. Better off running it with a small Co-host/manager.

Hey all

I know I'm a little late for this but I'm trying to line up my inspection for Denver's new rental license and I'm wondering who everyone has used to complete their inspection? I know it can be done by a 3rd party inspector so that is why I ask. 

Well, aside from price, not many people are financing vacant land right now. With the looming debt crisis, land is very undesirable for banks. It is something with nothing, so if they foreclose there isn't much for them to sell.