29 October 2019 | 17 replies
It is walkable to the stadium and new casino .9 miles.
3 November 2021 | 72 replies
and the others since I am sitting here in Sin city.. is the Casino companies down 75%..
6 October 2024 | 12 replies
However, there are some challenges to keep in mind:Regulatory Variations: Regulations can vary widely between locations and are constantly evolving.Active Management: STRs require more hands-on management for guest turnover and communication.Additional Costs: Don’t forget about expenses for furnishings, cleaning, and possibly hiring a property manager.If you’re looking for STR-friendly areas, consider these locations, as others can be too expensive to consider, such as Snowmass Village or Aspen:Breckenridge: The most visited ski resort in North America, attracting around 3 million tourists each year.Steamboat Springs: A popular year-round destination for winter sports and summer activities.Keystone: Great for those wanting a less crowded resort experience.Divide & Florissant: Charming mountain towns close to Colorado Springs.Fairplay: Just 30 minutes south of Breckenridge, with an impressive 82% Airbnb occupancy rate.Cripple Creek: A former mining town now known for casinos and outdoor activities.Park County: Very Airbnb-friendly, though regulations may change.Here are some strategies to help you succeed in the STR market:Hybrid Model: Consider using some units for STRs and others for long-term rentals to balance income.Research Local Regulations: Always check the current rules in your target areas before investing.Year-Round Appeal: Focus on locations that attract visitors in all seasons.Quality Furnishings: Invest in quality to justify higher nightly rates and attract better guests.Dynamic Pricing: Use pricing strategies to maximize revenue during peak seasons while maintaining occupancy in the off-season.Stay Flexible: Be ready to adapt your strategy as the market and regulations change.While Colorado’s STR market offers exciting opportunities, it’s essential to approach it strategically.
29 December 2018 | 69 replies
I suspect the selling of the 3k information package is a pretty heavy revenue generator for them and very clever indeed... you take undercapitalized folks that want to get going and they will risk it.. just like folks that put the big guru packages of 20 to 40k on their credit cards with the hopes and dreams that there is some magic training that will create income so they don't have to work anymore ( at least W 2 work)… So I was just asking that other lady if she actually funded.. or if she put up the 3k and lost it.. one of the toughest things to do in the industry and its kind of like how gambling casinos are set up.1. take a rookie and that's who is going to be attracted to this scheme of no money down ( which of course it is not)2. set the bar so high that most rookies simply cant find a deal that actually works in todays competitive environmentand there you have it you have 3k in your pocket to do turn downs and to send out materials that are long ago paid for and there is nothing new in real estate .. there can be nothing they are sending out in their materials that is not known to the RE community and talked about daily on a site like BP... but again if someone wants to pay 3k for their materials that OK in my mind.. its just the way these companies package this stuff that goes against most of us that have been hard money lenders or are HML ers business practices.. and I get where they are coming from.. the begineer is by far the highest risk borrower.. and in todays world if you have 10% to put down most HML will fund you if you have a good deal and for nothing up front.. they will help you underwrite it since it their money.. and the rates will be substantially less. shop around and see..then lastly if someone does not have 10% in cash and good amount of reserves to go into fix and flip is highly risky its highly risky to start any business undercapitalized..
28 April 2022 | 684 replies
A former Structural enginee: designed airports, casinos, 1M+ sf industrial buildings.
19 December 2016 | 9 replies
My goals are income replacement, something to generate a solid growth and return decoupled from the Wall Street casino, insulated from the vagaries of a cyclical business in which I'm gainfully employed, maybe liquidated in 15 years to a 1.5M.
26 May 2021 | 114 replies
I'm making more on unemployment than I was dealing poker at the casino.
6 January 2020 | 91 replies
I get that but to me there are other things you can take calculated risks on.. this property is now right across the street from the Graton casino hotel built next door up zoned etc..
5 June 2021 | 63 replies
Go to the casino and watch roulette.
8 December 2017 | 124 replies
Way to many casino stories on here.