All Forum Posts by: Jared Hottle

Something to think about is modular homes duplexes on crawlspaces. I would call a few companies and see what they run. This has always seemed like the better option to me with building prices the way that they are.

I would talk to local commercial banks and let them know what you want to do. Many will provide funds for purchase price and renovation with a down payment if the ARV is supported. As for the rehab, big rehabs can be exhausting and nerve-racking but it is always a numbers game. Reach out to some contractors you know and see if they will walk the property with you and get you a price. Even if you have to pay them a couple hundred it will be worth it to you.

I think try the Airbnb for a few months and see how it goes. Stay on a friends couch when it is use and give it a trial run with your furniture in there it is really no risk. The other concern is what does the HOA say about Airbnb or longterm rentals. Seems like a good area to hold a property but taking a loss is not ideal

Hi there! Buying a property near a ski resort and renting it out can be a great investment opportunity, especially if you're able to find a location that has strong demand throughout the year. Here are a few things to consider:

1. Location: New England has many ski resorts, each with its own unique character and clientele. Some popular options include Stowe, Killington, and Stratton in Vermont, as well as Sunday River and Sugarloaf in Maine. Do some research to find a location that has good accessibility, amenities, and a strong rental market.
2. Seasonality: As you mentioned, it's important to find a property that can perform well during all seasons. While winter may be the peak rental season, you'll want to make sure there's enough demand during the spring, summer, and fall to keep the property occupied. Look for a location that has attractions beyond skiing, such as hiking, biking, or water sports.
3. Rental management: You'll need to decide whether you want to manage the rental yourself or hire a property management company. If you're managing the rental yourself, you'll need to have a plan for handling maintenance, cleaning, and guest communication. If you're hiring a property management company, make sure to do your due diligence and choose a reputable company with experience in the area.
4. Financials: It's important to crunch the numbers and make sure the rental income will be enough to cover expenses and generate a profit. Consider the cost of the property, mortgage payments, property taxes, insurance, maintenance, and property management fees (if applicable). Look at rental rates for comparable properties in the area to get an idea of what you can charge.

Overall, owning a ski rental property can be a great investment opportunity, but it's important to do your due diligence and carefully consider all the factors before making a purchase. Good luck with your search!

How about BRRRIng out of state? May be hard to pull 100k in a couple years if rates do not change but if they do I think this would be entirely feasible. 

Nothing nothing on numbers you seem to have the most desirable house on the block and a high demand area so stay the course. Investors that do not invest for reasons like this are the reasons the rest of us can make money. The bumps are what you climb on. 

 Figure out which attorney she uses and go from that direction. I agree with alot of sentiment on here. FSBOs can be weird maybe some nostalgia, maybe some feelings that if you are willing to take it for x dollars she could get more from someone else. Just keep following up using the principles of How to Win Friends and Influence People. 

@Matthew Gunderson Greetings from Northeast Iowa! Waterloo/CF area would love to connect sometime. I suggest getting plugged into REI meetup in Cedar Rapids. It has been a great resource!

I have not required it. Would be interesting to talk to an insurance broker on how they would handle the furnishings of the house. 

It's great to hear that you're thinking about your long-term goals early on in your career! Working in real estate acquisitions can definitely be a great way to gain experience, learn about the industry, and potentially build up capital to eventually invest in real estate yourself.

Here are some things to consider:

1. Finding the right job: There are many different roles within the real estate industry, from brokerage to property management to development, and more. If you're interested in real estate acquisitions, you might consider looking for positions at real estate investment firms or private equity firms that focus on real estate. Look for job titles like "real estate analyst" or "investment associate" to get a sense of the kinds of roles that might be a good fit for you.
2. Building your skills and network: While you're working in real estate acquisitions, take advantage of every opportunity to learn as much as you can about the industry. Take on new responsibilities, ask questions, and seek out mentors who can help guide you. Additionally, try to build your network by attending industry events, joining professional organizations, and connecting with colleagues and other professionals in the field.
3. Developing your investment strategy: While you're working in real estate acquisitions, it's a good idea to start thinking about your long-term investment goals and developing a strategy for how you want to build your real estate portfolio. Consider factors like your risk tolerance, the types of properties you're interested in, and the markets you want to invest in. You might also start networking with other real estate investors and learning as much as you can about different investment strategies and approaches.
4. Transitioning to full-time investing: Eventually, if your goal is to build a real estate portfolio, you may need to transition away from your full-time job in real estate acquisitions. This can be a big decision, and it's important to ensure that you have enough capital and a solid investment plan in place before you make the leap. However, with the right skills, experience, and connections, you can definitely make the transition and start building the portfolio of your dreams.

Remember that building a real estate portfolio takes time, hard work, and patience. But with a solid plan and a commitment to your goals, you can achieve great success in this exciting and rewarding field.