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evaluating a $700k mountain property?

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  • legobikes
    replied
    Originally posted by Peds View Post
    [no cell slow internet]
    im out.
    I'm in. But not for 700k for only 12 acres. That better be a real nice cabin.

    Leave a comment:


  • justlearning
    replied
    Originally posted by Lordosis View Post

    Why can it not do both?
    That would be nice and i think eventually it will. Once they deploy enough satellites cover everywhere.

    Leave a comment:


  • Nysoz
    replied
    Depends on your city I guess. Right now it's $500 for the dish and $100 a month for like 100-150 mbps (although it's supposed to double soon). Most city internet services beat that. Also you need a clear line of sight to the sky, so no big trees or buildings nearby. In rural areas there's nothing but no/terrible options so this would bring internet there.

    Leave a comment:


  • Lordosis
    replied
    Originally posted by Nysoz View Post

    Starlink isn't designed as a competitor to city cable/fiber internet services. It's supposed to be a competitor to traditional rural internet like Hugesnet which is just super awful and expensive.
    Why can it not do both?

    Leave a comment:


  • Random1
    replied
    WHat is your targeted weekly rental price ?

    Leave a comment:


  • Nysoz
    replied
    Originally posted by Lordosis View Post
    But I hope it offers the competition that is needed to drive down cable prices.
    Starlink isn't designed as a competitor to city cable/fiber internet services. It's supposed to be a competitor to traditional rural internet like Hugesnet which is just super awful and expensive.

    Leave a comment:


  • Kamban
    replied
    1. No cell service in cabin can be solved by wi-fi calling but you need a good internet for that.

    2. 95 %+ of the people need internet pretty much every day. You cannot be a viable AirBnb depending on the 5% who want absolute peace and solitude.

    3. Fire service.

    4. Roads and ambulance and healthcare. Not everyone is young and fit and even those people can injured or fall sick. So you need good access to emergency medical care.

    5. How about utilities. Good electricity? Water quality any good? I suspect it is septic tank, or for the more adventurous, out in the woods.

    6. Something tells me that this will be difficult to unload should you find out it is not viable or not to your liking. Are you ready to lose 700K.if it comes to that?

    Leave a comment:


  • Tim
    replied
    Originally posted by Lordosis View Post
    I am impressed you found a super rural place without internet 30 minutes from a major airport.

    I would rent a place like this and not care about internet and phone for a week or two. But I am odd and that would scare most people.
    The good news is that OP found a potential renter for a week or two.
    For $750k, you need a business plan for this investment.
    https://www.calculator.net/payback-p...alculator.html

    That is $62.5k per acre. The only attractive feature (from an investment view) is the “major airport” proximity. Land deals make money from development or growth. As is, this is a dud. You won’t make money with one rental unit.

    This is reminds me of city folk businessmen that want to buy a ranch. They sell only to the next one that values “going to the ranch next weekend”. All hat, no cattle.

    If you have the wealth to own a place in the mountains, that is fine. Consumption, not investment.

    ”Any advice for evaluating if it really is a good idea to 'invest' in this rather than stock market or a more conventional duplex type property in town?”
    These are two options. $750k rental property portfolio will take a lot of work for passive investment in duplexes. Stocks are easier.
    What does your IPS say?


    Leave a comment:


  • StateOfMyHead
    replied
    Originally posted by Lordosis View Post
    I am impressed you found a super rural place without internet 30 minutes from a major airport.

    I would rent a place like this and not care about internet and phone for a week or two. But I am odd and that would scare most people.
    Yeah I can't picture a rural area within 30 minutes of major airport. OP consider paying a realtor to value the property and ability to do what you are considering. In my opinion it would be rare to get a really good "off market opportunity" unless its a family property.

    Leave a comment:


  • Lordosis
    replied
    Whenever I hear Star link it makes me think of Skynet. But I hope it offers the competition that is needed to drive down cable prices. I would even be willing to tolerate a robot insurrection or two.

    Leave a comment:


  • ACN
    replied
    Starlink from elon for internet. Wifi calling for cell.

    Leave a comment:


  • Lordosis
    replied
    I am impressed you found a super rural place without internet 30 minutes from a major airport.

    I would rent a place like this and not care about internet and phone for a week or two. But I am odd and that would scare most people.

    Leave a comment:


  • burritos
    replied
    Originally posted by Peds View Post

    im out.
    The cohort of people who rent out Airbnb's generally want internet. But the more landlords the better the pricing for users. So yes. Try it out.

    Leave a comment:


  • Molar Mechanic
    replied
    I cannot tell you if it's a good deal, if you can afford it, or if you should buy it.

    In my mountainous area, poor cell reception isn't a deal breaker for short term rental, but bad internet is tough on land value and rentability, especially now that work from home is proliferating. I'd want to know why this piece of land is so valuable over a bunch of other 12 acre tracts.

    Leave a comment:


  • K82
    replied
    We have some very rural property and just found out about an internet service called Starlink. It's Elon Musk of Tesla fame who started this venture. Its directed at rural under served spots that need high speed internet. There are a bunch of satellites and hundreds more are on the way so service will continually get better. I bought the package but have not yet received it so I can't comment on how good it is, but its suppose to be near as good as cable modem speeds. Its around $100 a month. You could go to their website and see if the spot your looking at is eligible for service.
    Last edited by K82; 03-08-2021, 05:14 PM.

    Leave a comment:

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