All Forum Posts by: Adam Ferro

@Bill S. I was trying to make James Carlson's meetup last night unfortunately I has late meetings and was unable to make it. I do plan on making the next meet up happening. So if the tenants stay 30 days or more it doesn't raise the primary residence rule? Something I will definitely consider with my partner. Do you have any trouble keeping occupancy up?

@Grant Rothenburger well if the numbers work both ways( LT and ST)  then I would be able to just start looking for long term tenants at that point correct?

@Tyler Work

That is going to be the biggest hurdle I think. How do you typically handle that rule?

@Antoine Martel

That was my first thought but if it is possible to make 2-3 times what I'd be making on LT VS AirBnb It might be worth furnishing and the extra maintenance costs.

I'm looking at small condos downtown Denver and was wondering what everyone's opinions are on long term tenants VS the Airbnb model?

@James Carlson 

I cannot make it tonight, I did, however, look through your website and let me say... very informative and well put together. I will definitely be at the next one! have a great time tonight.

@Nick Kaihoi Ive only been on a couple days and already have learned so much. Facebook be damned! Thanks so much for the warm welcome

@James Carlson Thanks for the warm welcome. It is definitely going to be a challenge breaking in but not scared of the work. I'll start checking out Colorado Springs but since I would need to live there to receive the FHA guidelines 3.5% that will be difficult. I had never heard of the programs either so I'll will see what their qualifications are.

I am meeting with a lender later next week so that will really help weigh my options.

Thank you for all the help

I've got a keen eye out for deals, also working with local realtors to help with the search. From the current market it should be easier to find than a single-family investment property (rolling eyes). Thank you Ryan, I've read a couple great articles and books but have not listen to any podcasts so I will try that.

@Ryan Murdock Thank you! a lot has changed in 20 years huh? 

I am focusing on 3-10 unit multi-family homes in the North Denver area. I do not have very much initial investment to start so I am looking at raising capital and coupling it with a loan, but I don't know if that's the best way to go about it. I know if I occupy one of the units in a 4-plex or lower i could possibly qualify for a FHA to help my down payment. Any suggestions would be of great help.