21 October 2019 | 10 replies
Some additional ones are family offices, funds, inheritances, sports and music figures, etc.For STNL for instance a 7 Eleven A credit investment grade tenant might be selling for a 5.25 cap rate but the loan can be currently around 3.75 to 4.00 percent with a 25 year amortization with a newer lease in place.
11 September 2020 | 8 replies
And I essentially have no hobbies aside from fishing and household projects, watch no TV, no sports, since I am already spending an average of 25-30 hours per week in real estate in addition to the 40 I spend in W-2 role.
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.
28 April 2022 | 684 replies
Currently a Broadcast Engineer primarily working in sports television but also do many entertainment shows.
19 May 2017 | 24 replies
Real estate investing is a contact sport.
15 February 2017 | 24 replies
I tend to agree with those that say east and west does not mix very well in Cleveland... except in sports.
29 April 2017 | 17 replies
Our low cost of living compared to other major cities (Chicago, New York, DC, LA etc) is attractive to folks from those markets because you can get a somewhat downtown experience, pro sports teams, culture/sights/attractions at a comparatively affordable price.
5 July 2020 | 213 replies
Great universities, great pro sports(DANG FALCONSSSSS!)
5 October 2021 | 22 replies
While you are bragging about your deal skills, I have shown proof and scaling to $1M/month. still all I see is you in a fancy sports coat next to a fancy car.
18 November 2021 | 5 replies
That's part of any contact sport.