All Forum Posts by: Ian Bruesehoff

Question: We have two CALIF. condos (PGA West La Quinta & Lake Arrowhead), each earning $30K ann. as STR's, w/3% loans, our son pays for one condo. We live mostly in La Quinta. We're 65; my husband had a stroke & can't work, and I'm on disability. We pay $2K month credit card debt (used to set-up the STR's) get $5K from Social Security, leaving $3K to live on. We took an $80K HELOC on Lake Arrowhead for expenses. Should we sell these condos for better cash flow houses or try to find owner financed deals? We want to scale up our STR business.

I'm an active STR owner/ operator with 2 doors. Used personal funds for literally everything. Never want to do that method again. Any advice on how to execute this? Just came out of a in person event with pace morby and tony j Robinson here in Denver. Really eye opening. Appreciate advice.

Hi everyone, 

AirDNA is projecting $113k projected revenue, 84% occupancy, and a daily rate of $370. HOA $1120 a mo.

OPEX $31k, NOI $82k, CAP rate 25%.

I currently own & operate two STR‘S in SoCal USA, both fee-simple, no leasehold, so I'm new to this concept.

Any advice on if this is a good idea? I know that LH’s get a bad reputation, but with the leasehold till 2050, that’s 25 years of possible excellent cash flow, It’s attractive to me to invest in from that perspective alone. 

Any advice or horror stories welcome, thanks.