All Forum Posts by: Nicole Masters

 Hey Jennifer! I just shot you a DM :)

We had the well equipment inspected (it's about 10-12 years old) and they said it was in really good condition still. The home has been operating as a STR for the past two years, so we expect the wear to be about the same. The HVAC is newer and an expensive unit (not sure of the exact year) and everything looked fine on the whole house inspection. We do plan on self managing!

We're located in Northfork, so close to Oakhurst! 

 These are all things we looked for! Luckily our GPS took us straight there with no issues (which thank goodness because I'm the worst person with directions so if I can get there anyone can lol) and the service with no wifi was great! We are getting a mesh kit for wifi that will cover the whole home. Those are great points!

We're an hour from Fresno (a significantly larger town) and 20 minutes from Oakhurst which has plenty of STRs in it operating. Finding a cleaner is our next pretty important task.

 We are getting quotes! Which actually leads me to ask you, I see you're an insurance agent everywhere. Would you be interested in quoting this house? If so shoot me a DM :)

Quote from @Cole Schlack:

Quote from @Nicole Masters:

Hi Friends! 

My husband and I are partnering with another couple on a large 4,300+ sq ft A-Frame cabin in a verrrry remote area in the woods, near Oakhurst CA. We have ordered the following inspections:

- Whole house

- Pest

- Septic

- Well

- Defensible Space (Cal Fire)

Is there anything else we should be keeping an eye out for a property like this? We're on 8.5 acres and in the middle of nowhere. Thanks in advance!

 Did you verify with the County that you can do STVR in that zone? Also get an insurance quote its going to be expensive I would guess. 

Yes we've checked with the county (that's always our first step haha) and it's already operating as a STR! The insurance quote issss pretty expensive, but we've worked that into our numbers when we were originally running the deal.

 Aw thank you! It would be an awesome spot for family reunions, weddings, celebrations, masterminds, corporate retreats, etc. It currently sleeps 10, but we'll be upgrading it to 18 soon!

It has been operating as a STR for the past two years, it's poorly marketed and doesn't have professional photos. It still managed to pull in $125,000 last year and $150,000 this year.

The main attraction is the house itself, because it will be able to sleep up to 18 people and we believe we can host private weddings there as well. It's 40 minutes from the south entrance of Yosemite and near a small lake called Bass Lake. 

 That's a great call out! I do believe it comes with a generator, especially being so remote. There's a lake about 12 minutes away and the south entrance of Yosemite is 40 minutes away from us.  

 Hey Charles! I'm actually not too sure, you're referencing easements, correct? That comes out during title check right?

Hi Friends! 

My husband and I are partnering with another couple on a large 4,300+ sq ft A-Frame cabin in a verrrry remote area in the woods, near Oakhurst CA. We have ordered the following inspections:

- Whole house

- Pest

- Septic

- Well

- Defensible Space (Cal Fire)

Is there anything else we should be keeping an eye out for a property like this? We're on 8.5 acres and in the middle of nowhere. Thanks in advance!

Hey Anthony! Welcome to the REI and BP community!

My husband and I love connecting with investors through our Instagram mainly. I am not sure if I'm allowed to put the handle on here according to the moderators, so feel free to check out my profile for our handle! We post a lot of househacking, renovation, and STR content! :) Looking forward to connecting!