All Forum Posts by: Perry Ivy

Michael Melendez thanks!

Kyle Brodwater Thanks! That’s what I needed.

Thanks for the advice! I am within a mile of a college(Arkansas state university) that has a pretty active sports venue and there’s two hospitals close by. I looked at Airbnb and found several properties that ranged from $19 for a private room, to $250 for a new 3bd

I have a one bedroom duplex that I’m considering doing Airbnb, however it will cost me about $1,000 to get it ready. Is there a way to determine if there’s a market for it in my area, prior to making that investment?

I own almost three acres in a prime market that is in a development ideal called “a city within a city”. I own the only outparcel in this development. It is currently zoned r1 and my area of the development is suppose to have houses, but I plan on doing townhouses, or threeplex’s. This development will be a few hundred million. My questions are: What’s the odds that they buy me out? Could I be forced out? Townhouses or triplexes? Garages? How many bedrooms? Will an hoa be forced upon me? Thanks!

Congrats on the success!! From my experience: when I purchase in bulk I always want a deep discount, however if I’m buying one item I understand that the margins are not high enough for a deep discount. Land contracts will get you the property back, over and over and over again. There’s a reason people can’t finance through a bank. Interest on a land contract can be inflated for potentially higher future rates. Good luck and congrats on having the wisdom to be in this position.

It wasn’t stated as the top of issues, it is simply dialogue about changing laws. I own property in a rural community, so it will eventually affect me and I’m trying to prepare.

Thanks again, very informative!

@jd Martin thanks for the advice, I hadn’t considered checking with my attorney to see what law is applicable, I just assumed it applied to everyone. I have dealt with two guys who wanted to rent a property, however only one had proper documentation and that was cause for denial. I’m more concerned with having a tenant that suddenly needs an ESA and there’s no denying that situation, so at that point how do we protect our property? Ironically I was almost killed by a dog and I’m very uncomfortable around them, but yet the law forces me to accept something that could potentially harm me and destroy my property. I’m trying to preserve what I’ve worked so hard to build, so advice on alternative building materials and such are appreciated.

Then you haven’t had good hummus :)