373. We Bought Land (Part 3): Reality Check on Glamping Site Timelines, Financing & Construction

Episode • Jul 4, 2024 • 40m

We’re making progress on our Hocking Hills glamping project with cabin demo, prefab purchases, and creative financing. Check in for an honest, relatable recollection of the development process from two eager investors knee deep in a long term legacy build.

First, we take you behind the scenes on Day 1 of cabin demo, a delightfully quick process with some fun creative questions to answer (roll-away bed or no roll-away bed?). Along the way, we sing the praises of our investment team, highlighting the cost savings we’ve enjoyed thanks to their specific skills and areas of expertise.

Next, a big reveal!

We talk about the research we did on prefabricated structures and unveil which incredible design we’ve elected to bring to our property, when they will arrive, how we plan to furnish them, and – somewhat critically – how we will pay for them.

Next, what’s next? We’ll need to raise money, create or move some roads, put in landscaping, build decks, and purchase and install amenities; there’s still so much to do and be excited about. We’re proud to bring you along for the ride, and thank you for joining us in this challenging endeavor!

(00:01:37) #STRShareSunday: @richhollowretreat

(00:04:07) Update on Our Hocking Hills STR Glamping Project

(00:19:27) Getting Priorities Straight: Creativity vs. Cash Flow

(00:29:31) Next Steps in Building Our Dream Vacation Rental Property

Resources:

• The Cliffs at Hocking Hills: @thecliffs_hockinghills

• We Bought Land (Part 2): Use ChatGPT in Your STR Competitive Analysis #361

• We Bought Land (Part 1): Laying a Foundation for Long-Term Partnership #349

• #STRShareSunday: @richhollowretreat

• Video: Funding Your NEXT Airbnb or Real Estate Property

• Airbnb Essentials Checklist: hostchecklist.com

Thanks for Visiting is produced by Crate Media.