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01-24-2016, 01:59 PM #1Registered User
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Ski town investment real estate-- where is the most vibrant rental market ?
The goal is to figure out where to buy a residential 2-4 bedroom rental income property and have it generate maximal rent, while using it myself as a family vacation spot.
I'm open to CO and Utah. Do any of you have experience in this, and / or refer me to a broker who understands the income and expense side of this equation ?
My sense is that it needs to be in an area that also benefits from off-season activity (MTB, golf etc) to help support the goal.
I am an owner of commercial / industrial / retail buildings so i understand the process. Most of my buildings rent for enough to cover their own operating costs AND also cover their own debt service, with some positive cash flow left over.
Too good to be true for a ski house ? I bet it exists. I'm not sure where to find it, and looking to you for advice.
Ideal scenario: 200k-500k, generating NET income of 20-50k / year (after operating costs) so that surplus rent can be used to offset mortgage payments.
Drop some knowledge !
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01-24-2016, 02:14 PM #2Registered User
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So you think you are going to make 10% a year net! Yeah good luck with that.
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01-24-2016, 02:18 PM #3
Too late JONG. You shoulda bought in 2009.
"Zee damn fat skis are ruining zee piste !" -Oscar Schevlin
"Hike up your skirt and grow a dick you fucking crybaby" -what Bunion said to Harry at the top of The Headwaters
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01-24-2016, 02:24 PM #4Registered User
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01-24-2016, 02:27 PM #5
Driggs Idaho ...
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01-24-2016, 02:27 PM #6Registered User
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01-24-2016, 02:32 PM #7Registered User
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Thanks for the warm welcome Harry! I just looked up JONG---- 'jack off newbie gaper'. I'm not a newbie around here, I just don't post much. I"m no gaper, look at my profile pic and you'll see that.
Guys like you bring negative energy to the process of exchanging ideas in a positive format. Go away.
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01-24-2016, 02:33 PM #8Registered User
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Aspen or Jackson, have the most vibrant rental markets. But you won't find much for $500k.
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01-24-2016, 02:40 PM #9Registered User
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You could find a decent 2br in that price range in Summit, but gross rentals are usually about 10%, leaving you covering around 50% to 75% of your cost. If you're good at using VRBO/Airbnb/Flipkey you can do a good bit better, but it can almost be like a second job to reach positive cash flow.
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01-24-2016, 03:35 PM #10
Lake Tahoe has stronger rental demand in summer vs. winter. Look for a place that has strong summer rental appeal.
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01-24-2016, 03:44 PM #11
Ski town investment real estate-- where is the most vibrant rental market ?
You mad, bro ?
I see you never responded to someone else's request in your other thread for naked pics of your wife.
You claim to be such a badass businessman back in Michigan. Renting ski condo's to guidos like Benny is for chumps, hope you enjoy finding used condoms in your hot tub. Buy a grow op if you want to make serious bank."Zee damn fat skis are ruining zee piste !" -Oscar Schevlin
"Hike up your skirt and grow a dick you fucking crybaby" -what Bunion said to Harry at the top of The Headwaters
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01-24-2016, 04:16 PM #12
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01-24-2016, 04:19 PM #13
Looks like a storm trooper
Decisions Decisions
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01-24-2016, 04:22 PM #14Registered User
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01-24-2016, 04:50 PM #15Registered User
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----- thanks for the expert tips. If you could put the water bong down long enough to clear your brain I'd cheerfully show you how my calculator works. Sadly I think you're resolved to talking shit on TTG where you're a keyboard tough-guy and apparently with a lot to say. 5,564 posts ?!? Society sure appreciates you sharing all your knowledge with us ! Stupid ass-clown.
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01-24-2016, 04:52 PM #16Registered User
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01-24-2016, 05:02 PM #17Registered User
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You need to read the "Meet the maggots" thread.
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01-24-2016, 05:16 PM #18Registered User
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that set of numbers in commercial property deals is complete normalcy. i.e.: a $500k building (once leased / prepped for tenants) should generate $50/ year (we call this a 10-cap) after operating costs be *before* any return to the investor. That's what I'm trying to find. You may think my expectations are nuts (your "LOL" reply) but they exist and the nature of my post here was to identify most likely places to find them.
I'm aware it's not exactly conventional but I remain hopeful and came here looking for constructive input... I guess as a semi recent joiner to the forums I've received a forum which is both immature and (around here) apparently customary. Whatever.
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01-24-2016, 05:19 PM #19
Ski town investment real estate-- where is the most vibrant rental market ?
500k hahajajahaja
But you might be on to something. Better have graniteZone Controller
"He wants to be a pro, bro, not some schmuck." - Hugh Conway
"DigitalDeath would kick my ass. He has the reach of a polar bear." - Crass3000
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01-24-2016, 05:26 PM #20
holy shit that's what jong means
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01-24-2016, 05:27 PM #21Registered User
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Believe me. With the lack of expected returns over the next decade from bonds, domestics stocks, and international stocks, and investment that returns 10% will not continue to do so. Efficient market my friend. If you don't get that I suggest you put you calculator down and read some basic books.
What we don't like is someone who has basically contributed nothing here hoping to make a buck off some insider insight. So yeah. Fuck off.
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01-24-2016, 05:27 PM #22Registered User
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LOL!
If you think 10% is normal, just go and do it then!? It's normal right? Just pick one around the corner.
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01-24-2016, 05:28 PM #23Registered User
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01-24-2016, 08:52 PM #24Registered User
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Thanks CaliBrit for telling me to fuck off, in addition to your expert knowledge on investment analysis. Since nobody knows me here, I'm comfortable telling you the last 54 times I did this it worked out pretty well and I was merely hoping to have an open exchange that could be beneficial for others as well. Apparently you don't like me since I"m "trying to make a buck off of you." Discussion forums are generally about mutual exchange of ideas; and here is one for you : go eat a dick.
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01-24-2016, 08:54 PM #25Registered User
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