All Forum Posts by: Scott H.

@Abhi Golhar Thanks. I am in the early stages of my research and development into the investment process. I have not figured out my investment personality as of yet.

1 Vote

Originally posted by @Christopher Brainard:

@Scott H.

If you're planning on using the house yourself for four weeks a year, it sounds like you're going to need a vacation rental, as the goal of most traditional rentals is to keep them full year round. I have a friend who has a few of these vacation rentals near Zion and they seem to do quite well, but they require a lot more management than a traditional rental and may be a nuisance unless you have a sufficient amount of properties to have staff.

-Christopher

Hi, Christopher ... Yes, I agree on the vacation rental route. That does seem like a whole lot of work and so many different guests in the property. I talked to a property manager in St. George who mentioned maybe six-month leases with a two-week opening from lease to lease to provide that window of opportunity for us to use the home.

0 Votes

Originally posted by @Dean H.:

@Scott H.

I assume you are talking an Air B&B or Managed vacation home so you can get your 4 weeks? If so if done right in right area should work great. Another thought that crosses my mind would be a above garage mom in law setup or RV pad and RV so you could have long term tenants in place on main property and still " infringe" on them 1 month out of the year. My wife and I are kicking the same idea around for Lake Havasu area.

Some good ideas there, Dean. I have always loved Oregon, but the prices out there forced me to look elsewhere.

0 Votes

Hello, everyone, my name is Scott Herbst. I have some real estate experience, I used to be a real estate broker in the early nineties and then life happened, thus I had to find something more than just a sales job. I now work in accounting, but the love of the housing industry never left me. Unfortunately, I let my real estate license lapse during the housing crisis. Stupid, I know. I am approaching 50 years of age, so my attention has turned to planning for retirement and wealth building. I have no rental properties thus far. I just joined BiggerPockets last night. I am hoping to learn a lot from all of you as well as through reading, webinars, checking out open houses, etc. I would also love to purchase a rental/vacation/retirement home out west (Oregon, Washington, Arizona, Utah, or Colorado. It has always been a dream of mine to have an address outside of Indiana. I look forward to listening and learning from a wealth of knowledge on this site!

2 Votes

Hello,

First off, this is my first post on BiggerPockets. I used to be a real estate broker back in the early nineties, but I let my license lapse (stupid). I will soon be approaching the big 5-0 so my thoughts have turned to retirement planning and wealth building. Well, I am heading to Las Vegas (not for retirement planning or wealth building) and I plan to drive up into southwest Utah in search of a retirement home/rental property. I would like my first investment to be a rental, but that will also allow me to use it up to four weeks a year for vacation. Bad move? I would love to be able to enjoy the home purchase a little bit, but if you guys think otherwise, I would have to reconsider.

0 Votes

All Forum Posts by: Scott H.

Scott H. has started 14 posts and replied 45 times.

Post: Newbie from Indianapolis, Indiana

Post: Heading on vacation and to check out of state market

Post: Heading on vacation and to check out of state market

Post: Newbie from Indianapolis, Indiana

Post: Heading on vacation and to check out of state market