Latest / Short Term Shopping / $600k Trailer Home in North Carolina

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$600k Trailer Home in North Carolina · Short Term Shopping

• 0:02
  Speaker A: Welcome to Short term Shopping, where we explore homes for sale in the best vacation markets in America. Some homes we do like, some homes we don't like. Brought to you by the short term shop. It's short term shopping. Short term shopping. Here we are in North Carolina, Jay the Viking, world famous axe thrower and badass extraordinaire to talk about some North Carolina real estate and the Maggie Valley range all the way up to the high country, possibly, and all points in between. So I already know you got a bunch of properties selected, and I'm excited to dive in. So let's. Well, I guess tell us a little bit about yourself, and then we'll get to the first property.
• 0:53
  Speaker B: Well, I mean, Luke kind of basically went over the axe throwing bid and all that stuff. Yeah. I'm up here in western North Carolina and high country. I've been here. I grew up in western North Carolina, moved to Oklahoma for 20 years. I don't recommend that. It's just too flat and too hot for me down there. So I came back to the mountains, and I've been back here about eight years. I'm one of those. Those licenses that Avery likes to call the COVID licenses. So I got my real estate license during COVID in 2020 and used to be an IT guy. So I fix computers, and that got really boring from the house. So I got my real estate license and I've been doing real estate ever since. Haven't turned back.
• 1:35
  Speaker A: So that's great. Love it. Oklahoma. Yeah, it's. It's weird, right? It's like, is it. Is it the South? Is it the Midwest? What is it?
• 1:44
  Speaker B: It depends on the day. I've seen it Snow and be 100 degrees the next day. So I mean, it just. Just depends on the chance of the dice, I guess, from day to day.
• 1:54
  Speaker A: All right, brother. Well, let's go. Let's get into the first property. Go ahead. And if you want to share screen and. Yeah, yeah, we're gonna rip this thing to shreds.
• 2:03
  Speaker B: This is the right one, right? Here we go. You see that property there?
• 2:08
  Speaker A: Yeah. Let me get my screen maximized. All right, we got a Zillow link here from Bryson City. Oh, this is inexpensive.
• 2:18
  Speaker B: Yes, this is one of the inexpensive. So up here you can start finding deals between 3 and 400,000. So. So in western North Carolina, you. And you know, sometimes in high country, you can start finding deals between 3 and 400,000. So obviously, the higher you go on price point, the more ready they're going to be, the less updates they're going to need. So. But you can find stuff like this for 375 right now, currently on the market. I believe this one has some acreage on it too, but I mean, it's three bed, two bath house. 1100 square feet, and it's under 400,000, so slightly updated.
• 2:58
  Speaker A: You got new. New vinyl on the main floor. I would guess this is the downstairs here.
• 3:04
  Speaker B: Yeah, I would say this just off the. The carpet. This was kind of probably built mid-90s or early 2000s. So I have a superpower. I can actually go in a house and smell it and be like, oh, this is from the 70s. And I'm usually spot on just because building materials smell differently. And when you have a house that sits and you know, you can tell. All right, so that's that one.
• 3:28
  Speaker A: It's cute. Hold on a second. I. I got a lot of questions here. How long has it been for sale?
• 3:32
  Speaker B: This one's been on the market.
• 3:37
  Speaker A: It should say, right?
• 3:37
  Speaker B: Almost a year. 300 days.
• 3:40
  Speaker A: Well, let's go. Hold on. Let's go to the price history on this. Let's see what it's doing there. When. When did they buy it and for how much and why. See if we can figure out a little bit as to why it's been for sale for so long. Down further.
• 3:52
  Speaker B: Let me pull this up. Should be.
• 3:56
  Speaker A: Should be underneath that. Keep going. It's hard to memorize all these different websites. Keep going, keep going. Down, down, down. There you go.
• 4:04
  Speaker B: There we go.
• 4:06
  Speaker A: So. All right, so they Bought it in 16 for181,000. Listed it for sale in May. Last May. It's about. About a year ago.
• 4:15
  Speaker B: Yep.
• 4:15
  Speaker A: 435. They're reaching for the stars.
• 4:18
  Speaker B: They are a little bit. And I think you could, you know, at this point, you know, that's one of the reasons what. One of the things that buyers enjoy up here. It's. It's not a seller's market here anymore. It's more balanced to a buyer's market right now. So. Dude, I can't tell you the last time I had multiple offers on the listing. I've always. We've always just negotiated, you know, at our leisure, because there's not a whole lot of interest. It's nothing. Not that there's anything wrong with this house being on the market 300 days. That's just kind of the way the market is. I mean, six months to a year sometimes. You know, I like to. Most of my listings sell a little bit quicker than that, but, you know, A lot of these listings just sit and buyers have their pick.
• 5:03
  Speaker A: I think that they were kind of reaching, like I said, reaching for the stars. And now it's been a year and they've come down about 50 grand, 60 grand. And this, these folks are probably just about done with it. I would say that you could probably get it. This is, this is kind of, for me, this is an ideal purchase history here for today's, Today's environment. All right.
• 5:28
  Speaker B: And I'm a, I'm a big fan of those extreme anchors like Chris Voss says, you know, let's, let's get in there. Let's get in there. You never know until you try, you know, so let's do it. Let's get you. Get you a good deal.
• 5:39
  Speaker A: 100 listing photos are a little weird. That main photos got too many shadows, but. All right, what do we got here? We got an elk.
• 5:47
  Speaker B: This, this is Maggie Valley. This is elk country. So you got elks just going all through this joint. I don't think that's a real elk, but let's, let's take look. So it's got a little view. I think I want to say this one had acreage on it. No, it's only 0.2 acres. Anyway, it's got the view, there's a two bed, three bath.
• 6:11
  Speaker A: And just to clarify, that is a fake elk, right?
• 6:14
  Speaker B: I'm pretty sure it is.
• 6:16
  Speaker A: It's got an address on the collar, right?
• 6:18
  Speaker B: Yeah, yeah, it does have one of those things. It might be real. Like, you never know. I went to show house the other day and there was two bucks just like going at it, like with their horns. Okay.
• 6:27
  Speaker A: This might be a pet is what you're saying? Or like a.
• 6:29
  Speaker B: No, they tag them protected.
• 6:31
  Speaker A: Oh, okay.
• 6:31
  Speaker B: Yeah, they tag them up here, but their, their population is getting so large that they're gonna start letting you hunt them, so. But I don't know if you've ever seen an elk in person. It's like a deer on steroids.
• 6:43
  Speaker A: I have. They are massive.
• 6:45
  Speaker B: Yeah, they don't care about you either. Like if you're, if you're in there in the middle of the road, that's their road. You don't matter. But you know, it's a nice little place. It could use some little updates here and there, but I mean, it's under 400,000 again, so. And Maggie Valley is an awesome place for short term rentals. I have a guy there that netted 50,024 on a two bedroom house. So, I mean, I'm not promising that for everybody. But it surely can be done as proof. But I think they currently use this as a short term rental. Otherwise they wouldn't have these kind of photos in there. But yeah, you can see like the bathroom. I would get rid of the wallpaper. Nice little view. This is what I call the low view.
• 7:36
  Speaker A: 380, 000 with a view like this. Sorry I keep cutting you off but no. This is. You know, I'm used to the Smokies. You can't get anything like this.
• 7:45
  Speaker B: This would be like 500 something thousand. The Smokies.
• 7:47
  Speaker A: Yeah. Probably six. I would say six plus really for a three bath with a view.
• 7:54
  Speaker B: And there's the back side of it.
• 7:55
  Speaker A: Hold on. Click on that picture right there. Can you make that bigger? See what's doing there? Let's zoom in on that. What. What's doing here?
• 8:02
  Speaker B: I can zoom in. I don't know if I can zoom in on it.
• 8:09
  Speaker A: That's okay. What's the sighting?
• 8:12
  Speaker B: It looks like a wood bow. Wood siding on that. It also kind of looks like they did an add on there. Made that place bigger.
• 8:19
  Speaker A: Yes. These are two separate builds. And then what's the top left corner? Is that a window air conditioner? Those are fairly common where you are. Right?
• 8:27
  Speaker B: Yeah. Mini splits are one of the most common heating and cooling methods here. I mean they have heat pumps in it. I mean we don't get above 85 degrees usually in the summer. And you know, up until this winter it, you know, it doesn't usually get that cold and it doesn't snow. Here in western North Carolina, high country is a different story. But that's kind of their bread and butter up there. The snow ski season. But Maggie Valley does have a ski resort too. If it does get cold enough, they will blow their own snow. So that's what makes Maggie Valley, you know, one of the. One of the attractors to Maggie Valley. And that being 15 minutes from Cherokee Casino. So. But yeah. And yeah, see their hot tub there? But it definitely looks like this was combined. And I love Frankenhouses because they're. They're just unique. And I take a Frankenhaus and the uniqueness over a spec cabin every day.
• 9:21
  Speaker A: This is fair. I've seen these a lot in your area though. Right. Where I've been added on to and the window units and things. Or I guess maybe that's part of this price range.
• 9:31
  Speaker B: Yeah. I mean, you know, it's. I've seen them all go all the way up to like, you know, 600. I've sold stuff that's had a big add on or something like that. It's just, just depends on what the owner at the time wanted to do with it, you know. But wall units themselves are not as common as just having a mini split unit. So I'd have to delve into this one. I'm not sure what the H vac situation looks like on it, but they do have what looks like a window unit, so.
• 10:01
  Speaker A: All right, so far for me, the selling point here is the view. There's some things a little wonky about the house, but what else we got here? Or not? Not another house, but what's the price history?
• 10:11
  Speaker B: Yep, right there.
• 10:14
  Speaker A: Oh, there isn't one.
• 10:15
  Speaker B: Okay, well, I could pull it up on the mls.
• 10:17
  Speaker A: Yeah, we could, we could dig deeper, but no need. Usually this means, again, Zillow's not super accurate for one thing, but usually that means they've owned it for a really long time.
• 10:28
  Speaker B: Yeah. And I, the only reason why I'm using Zillow right now is because it is a public site and you know, it's okay to look at listings on a public site. So this next one is. I actually have, I was listed agent on this one. I actually have it under contract. But I made a Facebook post a couple days ago about Lake Lure and this is what this house is in Lake Lure and I kind of wanted to show you an example. This one is, I mean, it's not right on the lake, but it's pretty close. Like you can walk there. This house did around 140,024. It didn't do as well yet last year because the lake was cut, it was shut down and they, they did some, you know, upgraded maintenance on it. I mean, but they didn't hemorrhage money on it. So even with the lake shut down, it did well. But the lake's going to be open again this year and that's what I said in my post. So people that have been here to this house, I'm sure we'll start running it again. But yeah, very close to the lake. Lake Lure's awesome. It's got a lot of lake amenities. They've got a little water park on the lake and this is listed as a three bedroom and we're going to say two bonus rooms on it. So it's quite a bit bigger than three beds. It's 3,300 square feet. So it's very cute.
• 12:00
  Speaker A: More of like a cottage.
• 12:01
  Speaker B: Yeah. And this Last sold for 635, I think.
• 12:06
  Speaker A: Right.
• 12:06
  Speaker B: That's what he Paid for it and we got it listed at 698. I can't tell you what it's under contract for because of the law, but, you know, it's above 600. Well, yeah, I think 635 is what they paid for it. 630? Yeah. Sold. Paid cash.
• 12:29
  Speaker A: Oh, so they haven't had it just. Just right at a year.
• 12:33
  Speaker B: Yeah. So. And then going into like, what's making people sell up here? This is one of the things. There's nothing wrong with it. He's. It's not that there's, you know, afraid of doing better, anything. But this particular person, they're selling off their single families because they want to focus more on a different path with their investing strategy with more hotels and stuff.
• 12:53
  Speaker A: So this is your listing?
• 12:55
  Speaker B: Yes, this is my listing. Oh, actually, the buyers are mine too, so.
• 13:00
  Speaker A: Okay. And it's under contract.
• 13:03
  Speaker B: It is under contract.
• 13:05
  Speaker A: Okay. All right. Well. It's cute. It's very cute.
• 13:07
  Speaker B: He's on market 49 days.
• 13:09
  Speaker A: Oh, that's quick.
• 13:11
  Speaker B: Yeah. Especially in this market. It is, yeah. So I just wanted to, you know, go back to my post on Facebook, show you like. Lake Lure is pretty awesome. Like if you can get a place around the lake, just some of the HOAs make you buy in and it's like 10,000. It's like. But I feel like the, you know, when we offer on that was have sellers pay for that. So, you know.
• 13:35
  Speaker A: And when you say we have our own Facebook group called Smarter short term Rentals.
• 13:40
  Speaker B: Yes.
• 13:41
  Speaker A: What you're talking about there. Yes, we'd love to have you join. We're just under a hundred thousand on that one. And it's. We work hard on it. We do. We work hard on that group every day trying to provide value. And we would love to have you join.
• 13:53
  Speaker B: Absolutely, absolutely. All right.
• 13:55
  Speaker A: Well, this thing's super cute. I'm glad you got it sold. Great job. All right, what else do we got here?
• 13:59
  Speaker B: So this is going up in budget. This one is out in Fairview. That's kind of around the Asheville area. This is. This is two units, actually. It's two bedroom and a three bedroom, I guess. Total 2600 square feet. So it's listed at 895. So total bedroom count is five or above. So this can kind of make sense in that price range. As long as it has more, you know, because I can see that this doing around 120, 130 a year combined. I haven't really got in and looked at numbers on it yet. But it's a nice little two unit property.
• 14:37
  Speaker A: This is very cute.
• 14:39
  Speaker B: Yeah. If this is something you'd be interested in, I feel like that you would need a commercial loan for this since it is two units that are not that close together. Wow, that's a. I didn't see those originally.
• 14:55
  Speaker A: I'm going to refrain from the jokes.
• 14:57
  Speaker B: Yeah, yeah. If you play your cards right, you might get to keep them in the sale.
• 15:00
  Speaker A: Yeah, let's throw those in.
• 15:02
  Speaker B: So obviously it's a short term rental. They've got.
• 15:06
  Speaker A: They got a property management company.
• 15:08
  Speaker B: Most people do up here. That's why you can probably do a lot better up here is because most people use property managers and property manager isn't going to take care of your listing and get it out there like you are going to because hopefully you know you're going to work your butt off to get your property rented.
• 15:26
  Speaker A: I actually really like the canoe hanging from the ceiling. That's really cool.
• 15:30
  Speaker B: Yeah. Yeah, that is pretty neat. I bet it works too. You know, I'd be afraid of like some guests, be like, hey, here, hold my beer. We're going to try that.
• 15:38
  Speaker A: Yeah, hold my beer.
• 15:41
  Speaker B: And then the grass wall. I've seen that before actually, that grass wall, it's kind of interesting. But yeah, this is a two unit place. Three and a three and a two. They look fairly new construction. Good views. Now the. From the views that I can see, this is going to be more of a winter view. You know, the trees will fill in in the summer, but it'll make it more secluded too. But let's see price history on that. See if there's price history. Wow. Looks like they started out at 9:45. So listen, contract.
• 16:27
  Speaker A: Oh, they had it under contract. Okay, hold on, let's see. Oh, that's all we get. We only get a year.
• 16:32
  Speaker B: Yeah. Looks like they had it in a contract for a bit and now they've dropped the price down to 8.95.
• 16:38
  Speaker A: Damn Zillow. So we, we'd have to dig. Now Jay could find out how much they'd pay for this thing, but it's not showing here on Zillow.
• 16:45
  Speaker B: And if we had more time, I'd bring up the MLS and go through the history and stuff. But I mean if this is something you're interested in, by all means shoot me a message and we'll dig deep into it. It's a good property, especially in Fairview. It's kind of a pretty area.
• 17:02
  Speaker A: Click the map, zoom out a little bit. Let me see where this. There you go, huh.
• 17:11
  Speaker B: So old Fort, Fort Red. Trying to find where Asheville is in comparison. Swannanoa, it's over here. Yeah, there you go. There's Asheville.
• 17:24
  Speaker A: So southeast.
• 17:25
  Speaker B: Yeah. And then. Yeah. So Fairview is about an hour and a half from where I'm at. And this is closer to Lake Lure. Actually Fairview has. Lake Lure's down here somewhere. There. No, that's Lake Julian. Good place too. Lake Adrian. I don't know. Anyway, yeah, it's, it's pretty close to Asheville. I'd say about 15, 20 minutes to downtown. Good place.
• 17:54
  Speaker A: All right. I like that one.
• 17:55
  Speaker B: Since you can't rent in Asheville, right. You have to do the second best and just kind of find on the outskirts. Now you can rent in Asheville if it's already a short term rental and it had a previous permit, but permits are not required anymore. You don't need a business license up here. So if it wasn't permitted, you'd have to petition the city for special variants. And unfortunately you gotta buy the place before you do that. So if they tell you no, then you're kind of screwed. But they should be able to transfer permits and you can do rentals after that. So moving sideways, next one.
• 18:32
  Speaker A: So anyway, let me recap that one. I think that one is a great option. It's very cute. Probably fairly close to turnkey, but it's.
• 18:39
  Speaker B: Oh yeah, all it's turnkey. What do you see there?
• 18:42
  Speaker A: You know, I mean it's probably not what some folks would maybe consider a deal at the current listed price, but not.
• 18:50
  Speaker B: It's also been in the market over a year. So you know, it has a price tag that big right now, but is that what it's going to go for?
• 18:58
  Speaker A: Right.
• 18:59
  Speaker B: They're ready. They're still able to just get an offer at this point after a year. Actually it's been over a year. 396 days on market.
• 19:12
  Speaker A: Yep. Okay, what's next? So trailer.
• 19:16
  Speaker B: Yeah, I don't normally, I don't normally, you know, recommend a modular home, but this one kind of stuck out to me and I'll go over that here, why? So it is five bedrooms already at 600,000. It's almost, it's nine and a half acres as well. So I do get quite a few people that come in that are like, hey, we want some acreage too because we want to put some tiny homes on there, yada yada. So it's, you know, perfect for that. But they're also offering a credit on it too.
• 19:52
  Speaker A: So I just want to point out that you brought a $600,000 trailer to short term shopping, and I love that. I love that.
• 20:01
  Speaker B: If it rents, it's gonna rent.
• 20:03
  Speaker A: I mean, it's just crazy that we would even think. But I, I want to, you know, I mean, these things are not super uncommon, I would imagine, in your market. They're very. They're not. They're not super uncommon in Tennessee either. So it's something to bring up. Let's talk about it. You know, this. First of all, this is extremely well done.
• 20:21
  Speaker B: Yeah. Clayton does a really good job up here. And that's the thing I was looking at. I was like, well, the inside looks great. I do a little something on the outside, kind of make it not look like a trailer. But this was not a mobile. This is carried over here and put on the, on the foundation. This is a modular, at least, so
• 20:42
  Speaker A: we may, may be able to get some financing on it.
• 20:47
  Speaker B: Yeah, modulars up here, typically it's. If it's in this good a condition, like, financing is a little rough on. Like, if you just want to buy like $100,000 shithole trailer lenders probably won't touch that. But something like this, and I'm even. I have a lender that will touch trailers as long as they're in good condition. You know, it's got to be a safe bet for the bank and, you know, something that's dilapidated, it's just not going to work for them. But as I say, I don't typically recommend modular homes, but there's a lot going for this one.
• 21:18
  Speaker A: 10 acres.
• 21:20
  Speaker B: Yeah, almost 10 acres. And, you know, people that are trying to get in the game that need something a little lower, I mean, even if it's a modular, if it rents, it rents.
• 21:32
  Speaker A: You know, what's the price history on this?
• 21:35
  Speaker B: It's not going to appreciate as good, but.
• 21:37
  Speaker A: Right.
• 21:38
  Speaker B: You know, Sold for 110 and 14.
• 21:47
  Speaker A: That have been the dirt.
• 21:49
  Speaker B: Yeah.
• 21:50
  Speaker A: Probably all the. All three. I would guess all three of those.
• 21:54
  Speaker B: Yeah.
• 21:54
  Speaker A: Are dirt. Then they put the house on the.
• 21:57
  Speaker B: For 700.
• 21:58
  Speaker A: Yeah, they put the house on it. We're banking on a little bit of COVID injection there, probably. I bet you they live in it.
• 22:06
  Speaker B: Yeah, I think, I think you're right on that. It doesn't have a lot of telltale signs that it's already a rental right now, but you can rent in that neighborhood. There's hardly any restrictions. There's no restrictions in Waynesville, aside from an HOA telling you you can't do it. And most of them don't care up here, so.
• 22:22
  Speaker A: Okay. Interesting. I would not want this, to be honest, but it's. I'm really glad you brought it. I think it's a topic to an unorthodox property.
• 22:32
  Speaker B: And when I saw it, I was like, Luke. I think Luke might think this is interesting. I think other people think it's this.
• 22:38
  Speaker A: I think it's cool and I'm glad we brought it up 100%. And it's actually very nice trailer. I mean it's still a trailer, but it's very nice.
• 22:45
  Speaker B: Yeah, there's the kind of the lot view and one of the reasons why the land is good, it's not like super steep. That's a problem where I can sell you land all day long. It's just 90 degrees on the side of a mountain. If you want to buy a side of a mountain, yeah, let's do it. But it's, you know, development costs won't be too bad on something like that.
• 23:04
  Speaker A: And I do want to bring that up. We see that a lot in on both sides of this mountain here, the Smokies as well, where folks would get all excited about buying a house that's got four acres and they want to put another house on it someday. And it's like, well, did you, did you. I mean, do you understand that this house, that these four acres are on a freaking mountain?
• 23:21
  Speaker B: Yeah. Nobody can build next to you, but you can't build either, so.
• 23:25
  Speaker A: Right.
• 23:27
  Speaker B: But that's a, that's a good tract. I'm thinking that. I haven't looked at the gis on it, but I'm pretty sure that whole thing in the center is the 10 acres gradually sloping. But you know, still it's. I think that's a good. But now we can get into a little bit of high country here. So this one, this is high country, has condos. There's. There's hardly any condos in western North Carolina. And you're better off buying not a condo in western North Carolina just because there's really not a whole lot of options. But in high country, especially around Sugar, where this isn't been out, they all kind of look like this. The layout, they're all varying degrees of price. And you know, this one is not super updated. And these, I think these are built in the 70s, but these are really close to ski resort, so they get rented pretty, pretty easily. A lot of these condos are short term rentals, so. But they all pretty much have the same layout. This one was. This is listed for 324. And I've seen them go 300 to up upwards of 500 ish, just depending on how updated they are. But, yeah, there's your sugar snow skiing. Some of these condos are ski and ski out, so. Yeah. Any questions on that one?
• 24:57
  Speaker A: No, I like it. I want to go back up and kind of point some things out here. So the. You got really nice flooring that's been up. The kitchen's a bit of a disaster. Go back to the kitchen. You got horrible countertops. Like, I don't like all those. Like that little island, all those corners and all. I can. I just see my kids banging their heads on that.
• 25:19
  Speaker B: Yeah. Make it a little more rounded and. Yeah. Like, you know, obviously this is one of the lower end. It's why it's justifies the price that it's at right now.
• 25:26
  Speaker A: But it's got that cool beam. I like the beam going down, you know, through the ceiling and all that. And it needs appliances. I like the cabinet color. They made an effort there, but looks
• 25:37
  Speaker B: like the cabinets are relatively new. That's just the style up here.
• 25:42
  Speaker A: But countertops are just horrendous, and the appliances need to be updated as well. But.
• 25:46
  Speaker B: Absolutely.
• 25:47
  Speaker A: It's real close. I would definitely ditch most of the furniture. You got a vinyl surround in the shower, which is, you know, a little on the lower end. But it's actually really great for rental because, you know.
• 25:58
  Speaker B: Absolutely. And it is currently a rental. And, you know, it's turnkey, comes with what you see here. And it's one of those things that you could kind of update as you go. Because, I mean, I like it now.
• 26:09
  Speaker A: I like the bar stools. I like the little bench kitchen table thing. I probably wouldn't be too, because again, if you're buying this thing, you're, you know, probably a little bit price conscious. And. And. And that's okay. And. Or maybe just starting out. And it's not a bad starter. Jay, isn't that crazy that we're. We're in a. An age. Making myself feel old here, where we're talking about $325 being a starter.
• 26:33
  Speaker B: I know. Like, I remember growing up and we were in a pretty, you know, nice neighborhood. My mom's like, oh, my God, that house across the street is a quarter million dollars. I'm like, yeah, a quarter million get you, like, something like this.
• 26:48
  Speaker A: Yeah. And if you want groceries, you're 400 bucks.
• 26:51
  Speaker B: Yeah. Okay. But anyway, I spent like 500 on groceries last night.
• 26:56
  Speaker A: Isn't it crazy?
• 26:57
  Speaker B: Yeah. You have as many kids as I do that live with you?
• 27:00
  Speaker A: Wait, wait, how many do you have?
• 27:01
  Speaker B: I have three total, but only two of them live here. My son's. He's 23, lives in Oklahoma.
• 27:07
  Speaker A: Okay. All right, scroll down. I want to see a couple more pictures here.
• 27:11
  Speaker B: Yeah.
• 27:12
  Speaker A: Bedrooms. We got two.
• 27:15
  Speaker B: Kind of looks like the. The vinyl hardwood, which is fine. That stuff looks really good. But this, this one still has the carpet. And these, these condos are two stories. So you can see there's. This is the bottom floor.
• 27:30
  Speaker A: This is a pretty common building or development here, is what you're saying. You see this one often?
• 27:35
  Speaker B: I see this, this layout often. Um, there's two different. I haven't obviously seen every condo plex in high country, but the two that, you know has the most traffic. There's two different, like, layouts. One of them is just a one, you know, one story and they're kind of. The layout's kind of meh. You know, it's just that basic. Here's everything. Here's two bedrooms off the side. There's nothing unique about that. It's really just the, the fact that you can jump on the ski lift from your back porch is what makes it awesome. But this one, these are a little bit more. I like the layout better because, you know, the old, they're older and they made things look cooler back then, I think.
• 28:16
  Speaker A: Price history. Yeah, I'm getting super caught up in the price history today. It's just fun.
• 28:21
  Speaker B: Okay.
• 28:24
  Speaker A: All right. Again, for sale for a while.
• 28:26
  Speaker B: Sold for 310 and 24.
• 28:30
  Speaker A: So with the agent fees, they're right at what they bought it for. Pretty close to it anyway.
• 28:34
  Speaker B: Pretty much, yeah. So that's the thing. It's not, you know, I think I could make this thing do really well if I owned it. But, you know, it's. This is probably an example of someone that was like, yeah, I just don't know how to do it that great.
• 28:50
  Speaker A: Or, you know, everybody, whoever.
• 28:52
  Speaker B: If, if you're that person, you need the short term shop.
• 28:54
  Speaker A: 100 people have varying degrees of being into it and not into it. Scroll down a little more. Is there a Pre Covid.
• 29:01
  Speaker B: Sold. 230 and 21. So they sold. They sold. They bought it for 230 and then turned around and sold it for 310.
• 29:10
  Speaker A: So somebody did. Yeah. And then this guy is now trying to basically break even. But once you get it, some of these older ones, like the 13, 14 stuff, it's. It gets real, real blurry when you Go back that far. So not a lot of wiggle room here for the seller. But that doesn't mean they wouldn't be willing to get rid of it. Well, this is cool. Like the.
• 29:32
  Speaker B: Yeah, this one is really cool. And this one I don't think has. I couldn't really see a view on it, but it has its own private like fishing hole and river right next to. Looks like they just. This is just came on the market probably about a month ago. So it. Obviously they had to get pictures but it was all snowing outside. But. Oh, it's a nice little modern inside. It could use some updates. But.
• 30:00
  Speaker A: All right, go back up.
• 30:01
  Speaker B: Right, right on the river.
• 30:03
  Speaker A: It's definitely a rental because you see signs on the walls. Not that sign up by the. There was one up. It was like a yellow sign by the front door right there. That's. That tells you it's a rental.
• 30:15
  Speaker B: Yeah, it's got the rental sign on the front there too.
• 30:19
  Speaker A: Which is, you know, neither here nor there. Just interesting. That bedroom there is not super functional with that twin bed in the television.
• 30:25
  Speaker B: I choose a different furniture style for this.
• 30:28
  Speaker A: I would probably turn the bed the other way or figure out somewhere to put the. Somewhere else to put that tv.
• 30:33
  Speaker B: I'd honestly put bunk beds in there.
• 30:35
  Speaker A: Yeah, that's not a bad idea. And a window unit. So probably no, no forced air.
• 30:42
  Speaker B: Yeah, it's got the. The fans, the window unit which again or more times than not they have that. Just like 80% of houses up here are going to be on well and septic. But it's got a nice. Looks like they kind of added that deck on back there.
• 31:01
  Speaker A: Mm. Or. Yes, they did. Yeah. Yeah. You can see where they had the red stuff was painted. Then they replaced a few in the middle and never stained in the new section.
• 31:14
  Speaker B: But this is something I like. Like if I were to go visit somewhere, I would rather have like a water feature like this or a swimming hole right next to my house rather than having a view. And a lot of people think like that too. Not necessarily. Everybody wants to go for. For a view but you know, you're in the mountains, you got cool, cool stuff like that, you know. And if you secluded got a water feature. It's very peaceful.
• 31:40
  Speaker A: Where is this thing?
• 31:41
  Speaker B: This is in banner out.
• 31:43
  Speaker A: We see it on the map.
• 31:44
  Speaker B: Yeah, Hang on. So this is near Veil Cruces. It's a great place, Great community. Viless.
• 31:53
  Speaker A: Where's the skiing that.
• 31:56
  Speaker B: Where is it at? Trying to find is in Bedrock. Okay. It's over here. Beach Mountain, Sledding hill. You got Beach Mountain, Sugar Mountain through here. So in this area here, that's kind of your snow skiing. Here's sugar right here. So snow ski in here, snow ski in here. And that's right there. So this place is probably about 15, 20 minutes from the slope, so.
• 32:29
  Speaker A: All right. I like it.
• 32:32
  Speaker B: Yeah, it's neat. I want to see it in the. Without the snow. This one, I think you'll like this one. L know I have like a bunch of like fixer uppers on here, but like I've been going through these and like, wow, that might be maybe really good. I don't know about if it would get at this price. It's listed at 499, but it is a five bedroom. But this place has a. It's pretty unique. He's got that big bridge across to the front door. It. Now it looks like they're like, this is what it could look like. So when I first saw it, I thought it was a renovation, but now it's just like, hey, this could look like this. But it has the spiral staircases. It definitely needs like full remodel.
• 33:20
  Speaker A: I hate when they do that shit. We went and looked at a house last weekend, a personal residence. And in the pictures it had a pool. And in real life it did not have a pool.
• 33:32
  Speaker B: Yeah. And we were the digitalized. Yeah. Like, here's this bedroom. Here's what that better could look like.
• 33:38
  Speaker A: But they didn't even do it like this. There was no like, like that before and after style. And they didn't say anything in the listing description. We were like, this is. This is not cool. But I actually like the blue. The blue tube. Would you have to switch that for a rental? Maybe, maybe.
• 33:54
  Speaker B: It depends on how you did it. If I think if you framed it in with some metal and stuff and made it like kind of. If you did a retro theme vibe, that might work.
• 34:04
  Speaker A: And the blue toilet, you can't get those two toilets anymore like that.
• 34:08
  Speaker B: No. Now this one, like I said, is probably full remodel. You'll probably want to do a full remodel on. But if you can get it for 300,000 or lower than 499, you know, putting the effort and work into it, I think you can make this a really cool place. It's just super unique. It's like, that's a weird place for bunk beds. And there's two stories of spiral staircases. Here's the.
• 34:33
  Speaker A: Wait a minute, wait a minute. What is that? Did they carpet the wall this? Yeah. That wall is the same color as the carpet. Oh, it's paint.
• 34:42
  Speaker B: No, it's paint. It's painted. It looks like Sheetrock or something over it.
• 34:46
  Speaker A: It's looking like some Willy Wonka.
• 34:48
  Speaker B: Yeah, I'm. I'm sorry. I'm just a big fan of these weird houses. They've had secret passages. I'd be offered that. Like, you know, pull a book and the bookcase opens up and I'm gonna do a short term rental like that one day. Have like a inside murder mystery kind of thing theme going on.
• 35:10
  Speaker A: I do like this. What's the Purchase price? Or 4.99.
• 35:13
  Speaker B: 4.99.
• 35:14
  Speaker A: Show the. Show the price history on this. Can we make a deal? Can we get a deal on this thing? Wait, wait, hold back up. When was it built?
• 35:22
  Speaker B: It was built.
• 35:23
  Speaker A: 78. Guessing. Oh, 70. All right. I was close.
• 35:26
  Speaker B: Built in the 70s. It's about half an acre lot. So.
• 35:33
  Speaker A: All right, we got nothing. 20. See, this is the problem with Zillow is, you see.
• 35:38
  Speaker B: Yeah. And this is again, I could look at the price.
• 35:41
  Speaker A: Wait a minute, wait a minute, hold on. They've been trying to sell this since January of last year and they've come down $250,000.
• 35:51
  Speaker B: Yeah, they were. They listed at 749. I was like, nope.
• 35:57
  Speaker A: So, yeah, completely over it at this point. And they probably owned it for a million years.
• 36:01
  Speaker B: Probably. But this is the reason why I chose this one. This is an example of one that if you did get it at a good deal and you did put the work into it, you'd pump a ton of equity into it. And I think it'd do really good as a short term rental. It's. It's in a good spot. So. But yeah, it's been on the market this time for 145 days, but I think they probably pulled it off and reset the account on that.
• 36:34
  Speaker A: Well, that one, I would say, is probably the most interesting to me right now. I'd be excited to see that one in real life if I was shopping. Yeah, it's. It's very. It's gonna need some money. But it's super cool.
• 36:50
  Speaker B: It really is. And like, as soon as I saw that, I was like, you know, that one I showed you last time we did one of these, that was just really unique and cool. I was like, yep, we're gonna put this one on there.
• 37:01
  Speaker A: I like it a lot. I like it.
• 37:03
  Speaker B: So. All right, let's move on.
• 37:06
  Speaker A: That's my front runner so far. Let's do one more Maybe two more. I'm sticking with that over whatever that over trail or whatever the hell it was so far.
• 37:14
  Speaker B: Well, this one I don't think is a good deal. And that's one of the deals I was like gonna show. But we'll go to this one.
• 37:20
  Speaker A: Not, Not a good deal. Because it's too expensive.
• 37:23
  Speaker B: Yeah, it's too expensive for. I mean, look at the inside of it.
• 37:28
  Speaker A: I mean, needs a rehab and no furniture.
• 37:33
  Speaker B: And no furniture. So if you could get this pretty low, it'd be a good deal.
• 37:37
  Speaker A: But good location.
• 37:38
  Speaker B: Not at. Yeah, it's a good location. And it's four bed. It's not necessarily. I mean it's in a good location and spot, but it, it needs, it needs too much work to be at that price. So if it's something that you feel like you, you want to take on as a project, you definitely want to get a lower price on that.
• 37:59
  Speaker A: I got you. All right, so let's go to that last one there. The 270.
• 38:03
  Speaker B: Yeah. So here's, here's one that, you know, makes sense at the higher price points. This is about $900,000 house. It is a six bedroom, six bath. Yeah, me. Right. Six bath, 3,300 square feet square.
• 38:17
  Speaker A: Four. So it's four units according to the description there.
• 38:22
  Speaker B: Yeah, inside there. So good view. View is pretty good.
• 38:35
  Speaker A: Many split.
• 38:36
  Speaker B: Yep. Many splits. You're going to see those all the time. Yeah, right there.
• 38:43
  Speaker A: Ideally you want these units separately.
• 38:48
  Speaker B: You could. It just depends on how easily you can cordon these off because it looks like it's.
• 38:55
  Speaker A: Wait a minute. Go back to the description. I'm pretty sure it said four separate units.
• 39:00
  Speaker B: Let's see, two, two, three bedroom, three bath units. Now uses a four plex. Two bedroom, two bath units with an efficiency apartment below each. Four, four units total.
• 39:12
  Speaker A: Okay. So it's built as a two unit and it's now a four unit.
• 39:17
  Speaker B: Yeah.
• 39:18
  Speaker A: Okay.
• 39:18
  Speaker B: I guess I missed that when I, when I put that on.
• 39:21
  Speaker A: That's okay. It's still cool. You know, some folks want more than one unit.
• 39:24
  Speaker B: Yeah. So you should, you know, because it's different units should be able to. The parking looks good. You get about three cars in there. Three or four, but yeah. Let's go back to these pictures. Oh, I see there's an entrance there probably over here. There's the kind of, kind of like a weird footprint there. But they have good views. And I tried to get a house that was not two units at this price point to like to show you. I mean, cumulatively you want the bedroom count high. If you're going to spend a lot of money, Tom, and you typically want it in better condition. But this is not too terrible. Kind of feel like this is a long term rental right now.
• 40:23
  Speaker A: Yeah, it is set up like a long term, like a little quad,
• 40:27
  Speaker B: but
• 40:28
  Speaker A: it's got potential in all sorts of different directions.
• 40:30
  Speaker B: Yeah, absolutely.
• 40:33
  Speaker A: Okay. Interesting.
• 40:34
  Speaker B: Yeah. And you know, a lot of these required work, but there's nothing really jumped out at me here in the past couple days, so.
• 40:41
  Speaker A: No, these are great. I like the blue one with the white. With the blue with the, with the gangplank.
• 40:47
  Speaker B: All right, let's give them an offer. Luke, let's go.
• 40:50
  Speaker A: Okay. I mean that was. Photographs well too. I mean, obviously it needs a lot
• 40:55
  Speaker B: of stuff, but it needs a lot of work. The house is built in the 70s and the older houses, honestly for me, if I'm buying a short term rental up here, I would prefer an old house like that, renovated, you know, everything, you know, addressed and everything. The reason why is because they're just built better. Most of these houses were built with the old growth lumber that kind of died out in the 80s. So about mid-80s they stopped using the old growth lumber that's stronger and started using that tree farm wood, you know, so a lot of the new constructions are all from a tree farm. You know, it's good, it's wood, it works. But it's not going to be as sturdy and as good a quality as these houses. These older houses like that. I mean, these older houses are built quite literally like brick houses. So, you know, I mean, they, they can withstand stuff. The big thing on those is you just want to make sure the foundation looks good.
• 41:53
  Speaker A: All right, well, we saw some cool stuff today. I appreciate it. I'm gonna go grab something to eat. I'm starving. So. Yeah, how do we find you?
• 42:04
  Speaker B: How do I find me?
• 42:05
  Speaker A: How do I find you?
• 42:08
  Speaker B: With the compass? No, you can, you can email me@jayshorttermshop.com. i can post my number in there. If you go to the our website, there should be a link in there to my information as well.
• 42:23
  Speaker A: All right. I'm Luke at the short term shop dot com. We appreciate you. It's the short term shop dot com. Just to overstate the obvious, what I thought think is obvious is that we do. The company sells houses. Jay sells houses. And we'd be happy to help you with that. And we're experts and we would even teach you how to manage it as well. So.
• 42:42
  Speaker B: And I'll take your ax, throw it
• 42:44
  Speaker A: afterwards and axe throwing with with some probably some adult beverages.
• 42:49
  Speaker B: Absolutely.
• 42:49
  Speaker A: But the shorttermshop.com sts plus.com thank you so much, Jay. We'll see you next time.
• 42:57
  Speaker B: All right, Take care. See y'. All. Bye.