All Forum Posts by: Christopher Dulgarian
Christopher Dulgarian has started 1 posts and replied 2 times.
Post: Tiny House Village - Short-term Rental Model
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Originally posted by @Greg Dickerson:
Originally posted by @Andrea Cole:
Hello all,
I am considering a rural, commercial tiny house development to be used exclusively for short-term rentals. I am mostly aware of the work that needs to be undertaken for any given area in terms of zoning, deed restrictions, IRC, etc.
For business plan purposes, I am needing paid, professional assistance to provide high-level descriptions of required elements, along with cost estimates for the development of infrastructure and site planning, optimized for efficiency (house structures themselves are already designed).
I would use the same consultant to later produce plans with all granular detail and modifications based on land choice, then assist in the execution of the project.
Question: what professional would I seek out for a consult: architect, civil engineer, builder, developer, etc.
Thank you for sharing feedback based on your experience with this type of project.
I started my development career with short term rentals. There are a lot things you need to know and take into consideration. You need someone to teach you how to be a developer and work with / negotiate with all of the professionals involved in the project and process. You can lose a lot of money fast In this market right now because everyone is so busy. Costs are up, fees are up and time frames are up. Good news is financing is cheap and demand for short and long term rentals is off the charts.
Hey Andrea,
I was curious to check in and see if you’ve had any luck! I’m very curious about this space and would love to hear more about your journey!
Post: Best entities to use for investing with partners?
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- Votes 0
Hi Everyone,
I am looking to start purchasing real estate with my 5 siblings, and I'm trying to figure out the best way to organize our entities to ensure we have both asset protection through LLCs, as well as tax advantages. Additionally, we'll need some flexibility in case not everyone wants to participate in every deal. Did anyone else go through this recently and have any advice/suggestions? At the end of the day I realize I should go to an attorney for advice and help setting this up, but was hoping to get some initial feedback to have an educated conversation.
My initial thought was to create an LLC for each individual property, and then one for each of of the siblings. Would love to hear about others' experience in this area. Thanks!