How He’s Taking $250k BARE Land to $6M Resort Working Weekends

Comments · 51

• KA

  @KaiAndrew · 4 months ago · pinned

  Special thanks to Baselane for creating the best banking platform for hosts: <a href="https://baselane.com/kai">https://baselane.com/kai</a>

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• YJ

  @yjs1419 · 4 months ago

  Lot needs some trees and landscaping badly, especially between the units for some privacy

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• KA

  @KarunaVu · 4 months ago

  Quality video! I am happy for Doug with his beautiful properties. Well done Kai!

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• UN

  @UnfoldHouse · 4 months ago

  Wow. Getting permit in one day is amazing!

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• AU

  @austinrehl8545 · 4 months ago

  Hi Kai,<br><br>I have a project I’m starting for 20 doors. It’s over 300 acres in the Blue Ridge Mountains adjacent to the Gorge Washington National Forest and within the limits of a small college town. I’m zoned institutional and excited to implement the principles you teach and see this development become world class. Let’s talk sometime !

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• LO

  @LooshChipper · 3 months ago

  I remember this place, cool to see an update

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• AN

  @annapaquette494 · 3 months ago

  This is amazing

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• WI

  @wildernesscapes · 4 months ago

  I can relate to so much in this video, for one, I&apos;m building out a commercial zoned property with a series of different-style cabins, one or two at a time, just like here. &nbsp;I also have an OOD cabin, and soon a dome glamping setup, and I also have a utility building to hold my laundry facilities. I also have been been slow in the buildout of ground infrasturcture, also going on 18 months from permitting completion till first rentals coming up soon this summer. My bookings are also coming in slow, because no reviews yet, and I have to truthfully disclose that active construction will be happening. the downside to this property is that there&apos;s no visual privacy between the cabins, so construction on one severely impacts the ones currently. I don&apos;t have that issue as I&apos;ve kept more woods between the cabin sites. I also have manually priced my property, so there&apos;s less wild swings in valuation.

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• EA

  @earlfarrington · 3 months ago

  I respect the sheer grit he has!<br>How much was the AFrame?<br>Where did you get yours?

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• H.

  @h.h.universe · 3 months ago

  Thank you for this. Would love learn how cap rate is calculated.

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• RS

  @rssoto8245 · 3 months ago

  nice video

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• SO

  @socalstr · 4 months ago

  Great story. Dude got a unicorn lot. However, I think that these stratospheric valuations are completely unfounded. I know for me, when looking at commercial property acquisition, I take the “cap rate” and throw it out the window. I offer what I’m willing to offer. Period. Sometimes we go under contract, a lot of times we don’t. And commercial property can take years and/or never sell when owners think the properties are worth a heck of a lot more than they actually are. Again, driven by this bogus “cap rate.” Any savvy investor is gonna look at eight structures on a cheap lot in West Virginia and price it out accordingly. $6M is silly. Maybe $2-$3M? That would still be a home-run given the amount invested. But still, a property is only worth what the transaction closes at. And in 2030, I can promise you, this dude is not getting $6M. Eight amazing unique doors, a pool, a parking lot, business facilities, etc. or not.

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