I second this. We looked into it for a while but couldn’t make the numbers work.

Jul 5, 2024
8:22:17pm

Junior Deputy All-American

The folks at VACASA confirmed my suspicion by giving me some actual numbers of properties they manage there, and unless you are paying all cash or don’t care if it makes money I just couldn’t see how it made sense. Super saturated market.

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Junior Deputy

Previous username: shakinbaker
Bio page: Junior Deputy
Joined: Aug 13, 2008
Last login: Oct 4, 2024
Total posts: 11,765 (10 FO)

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Messages

Author

Time

Tricky 1031 question for CB accountants/real estate folks...

C-dubb

Jul 5, 4:00pm

Make sure you set up a qualified escrow account for the funds from the sale.

allaboutthegainz

Jul 5, 4:02pm

You need a "qualified intermediary". I'm sure someone here can recommend a decent one.

HarlemCoug

Jul 5, 4:03pm

This^^ you CANNOT just take the funds and roll them over yourself.

Junior Deputy

Jul 5, 4:34pm

Sounds about right.

toadie

Jul 5, 4:03pm

Thanks! Anyone have experience with nightly rentals in Washington County? (Pros,

C-dubb

Jul 5, 4:55pm

Honestly the market there seems kind of saturated but I’m not an expert

MacsKid

Jul 5, 7:00pm

I second this. We looked into it for a while but couldn’t make the numbers work.

Junior Deputy

Jul 5, 8:22pm

I’ve said this on another post but I think there is a correction coming to

MacsKid

Jul 5, 9:55pm

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