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Investing Wisely with a Vacation Home Investment
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Challenge: Find a cashflowing vacation home in just one week?
Think if you had just one week, you could find a Lifestyle Asset that would cashflow?
Our members do it all the time!
But it requires a lot be in place - your dream team of professionals, your analytics software and spreadsheet, your finance docs, etc.
I've seen people look at Zillow every day for 8 months and never find a deal, but our members find excellent deals every week, and so does our acquisitions manager Jaycob, who finds and posts deals weekly across the nation inside our group.
If you don't know how to:
1. Pull the right information (manually, never take just a rentalyzer estimate!) out of AirDnA
2. Put it in the right places in a comprehensive pro-forma spreadsheet that can show you market performance for that specific property type at the 25th, 50th, 75th, and 90th percentiles.
3. Nail each of the fixed and variable expenses (you should know all of this through your due diligence and conversations with dream team partners).
Then you can't do it.
If you're just looking at Zillow, instead of getting property leads from a local property manager you plan to use, several sites and facebook groups where you can see a deal before it's listed, and your own reaching out to property owners in the specific micro-neighborhood you're interested in, you likely can't do it.
One of the greatest things about Lifestyle Asset investing is if you can lay the foundations for proper acquisition, everything is fairly easy and fun from there.
Most people get stuck in acquisition because they don't build themselves ANY unfair advantages, and they end up spinning their wheels for months or years.
If you're trying to approach vacation home investing without a dream team, you're going to struggle.
You can book a call with us here to see all of the resources, rolodex, and rewards available to you with Vodyssey.
Vodyssey can help you make a smart decision when it comes to investing in a vacation home. Not only do we guide you through the initial process of finding the perfect location, but we also provide a comprehensive list of available properties in the area so you can make an informed decision quickly. Our team of experts are highly trained in vacation home investment and will make sure you find the perfect property for your needs.
We provide our customers with detailed information about the area, such as the local economy and amenities, so you can be sure your vacation home investment will be a success. Vodyssey also offers a range of services to make sure your investment is secure, including an extensive list of rental agreements and assistance with local taxes and regulations. With our help, you can find the perfect vacation home investment quickly and with confidence.
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DISCLAIMER: The contents of this site are for educational and informational purposes only, and are not to be construed as legal, tax, or financial advice. Any financial results referenced herein should not be considered typical; success depends on a multitude of factors. Use caution and always consult licensed professionals for any tax, legal, or investment advice. All results achieved by our members are their results alone, achieved by their own individual effort and made easier by our help. Investing in education, training, and coaching is an excellent investment for individuals who are willing to implement it and persist until they achieve the results they desire; it is not intended as a substitute for individual effort, decision-making, and due diligence.
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