All Forum Posts by: Isaac Chun

@Marty True

Did you search with parameters that take into account the number of beds/ bedrooms/ bathrooms and people staying? Makes a huge difference, then just doing a general search in the zip code of the home. This home can accommodate 12+ guests. Let me know if these things better explain how I came up with my assumed numbers for daily rates

@Marty True

I’ve searched and cannot find any documentation showing it being banned or illegal, besides it being mentioned in that article you’ve mentioned. I’m not sure how to use that Airbnb info that you posted. It doesn’t show up as a link I can click on

@Marty True

From what I gathered, since the property resides in the north Las Vegas district, there aren't any requirements to do STR. Though there's no telling if or when that may change (hoping it won't be for a while though).

I simplified the math by estimating a daily rate of $250 for 30 days and factored in 20% vacancy

@Marty True

Hey thx for checking out my post. I have made an offer and it was accepted. I did my research on comps in my area that are doing Airbnb and discounted my calculations to lean more on the conservative side. I’m also starting out this deal using a lease option to minimize my upfront costs and give myself time to bring up my credit score to qualify for more favorable loan offerings at purchase. Hope that helps give you a clearer picture of how I came up with these numbers for my deal. 

@Account Closed

Yes sir I will be marketing it on Airbnb and potentially other similar platforms. I used 20% vacancy, just to be sure not to over estimate my profits being generated and also a fair to low daily rate, which will only fluctuate up in better then poor market conditions. 

View report

*This link comes directly from our calculators, based on information input by the member who posted.

I am seeking an investor or investors who are looking to place their money in a deal that has been calculated using conservative numbers with great earning potential. Please contact me for further discussion. Thx for any feedback as well. 

@Tim Schroeder

True, no one made any comments on the LLC question🤔😁

@Bill B.

It’s all good man. No harm lol

You’re probably pretty close to your stats. That’s why it’s important for investors to have a well thought out plan B and C.  Seems like a lot of people lack good ethics and the integrity that you mentioned. Unfortunately it gives the good 10% a bad image from the get go. I appreciate the honest questions and hope I gave a realistic and somewhat thought out response on how I’d personally handle those potential challenges. 

@Account Closed

What are condo tels? Please share more info on how it’s such a great thing. Thx

@Bill B.

Hey bill, not sure why you came out he gate sounding so angry. Anyways, if I needed to evolve, then I’d just change my marketing model to 30+ day rentals to avoid being penalized by said potential changes. Not to say it would be as profitable, but it would be enough to cover my liabilities for the remainder of my leases. Then I’d reevaluate and possibly just not renew my leases if profits aren’t worth the effort that is being put into the business. Is it just me, seems that the only thing people have done is say how impossible or how bad all the what if’s are with this business model. There’s always the option to relocate my Airbnb rentals to another more friendly market should this one become unworkable.