All Forum Posts by: Kalen Adamson

Yes, would likely be more of a hipcamp enterprise than airbnb. It would appeal to the granolaheads, and there would be room to put a couple RV hookups too Potentially 

glad to confirm that I am not alone, thank you for sharing, I will look into what they are doing, to be more specific, I have been thinking tipis on decks, and 20-40' behind that, essentially a small studio apartment, with a full bathroom and kitchen, maybe a pullout sofa (in case weather events drive people out of the Tipi, that could potentially rent as a studio during the winter/not tent season too). or perhaps all tipis have a common area with kitchen and coffee station, maybe hottup... lots of possibilities. I have seen Tipis large enough for a small bathroom inside.

of course, I'm considering a rustic, primitive glamping experience with minimal overhead too

My apologies in advance if this has already been covered somewhere, I did not have luck finding a similar thread.

Is there anyone on here who owns a STR business renting Tipis (or maybe yurts)? I have a small portfolio of LTRs as SFH and one 6plex In Arkansas, but have not yet ventured into STRs. I live in SW Montana where there is a strong STR market and am considering buying a lot locally (2.5 acre overlooking the river/valley/mountains) where I could set up 2-4 Tipi's and rent portable bathroom/washing station for the lot. (I am Native, and have lived in a tipi before... hence the Tipi idea). There would be long term plans of building, or buying a modular to use as STR. This area is strong in tourism/fishing all summer, and Hunters renting STRs all fall, many bring horses or mules, the property could support boarding horses for these instances.

If this plan sounds funny, I understand that it is, I work and live on a ranch with my family an hour south of this town, but one day wish to retire and live there, other than that we have not considered this area much for investment potential, just looking to buy something for ourselves one day, but that would pay for itself until then, Tipis would be a very low overhead way to peel some return off the property quickly.

thank you in advance

Kale

That does clear things up, thank you for the input, I think I'm stuck paying the tax on this set of shares 

Thank you for the replies, the shares are in a personal brokerage account, I'v had these particular shares for years, would I still be obligated to paying the capital gains tax if I put that money into the LLC, and purchased real estate within the same year?

Hello, I'm new on the forum, so not sure if this is the right place to post this. I have an LLC that I'm looking to purchase some real estate with, but I might finance the real estate with some money that I currently have in personally owned shares. Would I be taxed on that money if I sold the shares and put it into real estate that same year? If I didn't buy real estate that year, could I put the money back into the market through the LLC brokerage account and not have to pay tax on it there? I'm new to figuring out how all this works so go easy on me.

I see, yea on this one we budged twice that for repairs, my main driving factor towards wanting a warranty is that we have 4 AC units that are about to go, and the other two have been replaced in the last year. If one more goes this summer, the warranty would pay for itself... as long as the company would honor it

Does anybody uses a home warranty on their multi-unit buildings? I'm looking to purchase a warranty on a 6 unit building with aging appliances. Hoping to find out if these warranty companies actually stand up and cover the costs on these items, or is it a fine print, smoke and mirrors business? Any input would be greatly valued

Thanks,

Kalen