All Forum Posts by: Amy Lin

Hey All,

My husband and I purchased a SFH 5 years ago and just realized that the commerical loan we took out ( under the LLC name) has a maturity date of 5 years. We probably should've known that and refinance when rate was low but we really didn't realize the loan was set for 5 years since all other commerical loans we had with the same lender are 20 years.

Anyway, we have about 55k left on the loan,so we are deciding on 2 options, one is to refinance with other lender at 9.25%  for 20 years which will make our payment $100/ month higher than before but we will still have cash flow for $394. Or we could sell one of the other properties which makes maybe $180/month cashflow and use the proceeds to pay off the loan. With the loan being paid off, we will make about $960/month cashflow. 

What are your thoughts? Which route do you think is more beneficial? 

Thanks !

Hey guys,

I am looking for a new CPA who has experience in working with investors, also can provide services in tax strategization. Any good recommendations? 

Thanks!

Thank you all for the information and suggestions! Really appreciate it!

Hey guys!

I have a single family rental home in Texas and this year we are getting 4 recent grads moving in. My experience always has been renting to families so I am not sure how I should go about doing this with renting to roommates. 1 roommate stated that his dad can co-sign for him since his income is lower than the others. In this case, how do I structure the lease agreement so that his dad is only cosigning for his portion of the rent and liability? Do you use the standardized Texas residential lease for this type of roommates situation? Thank you so much!

My husband and I are thinking to add a multifamily to our investment portfolio. We mainly have single family properties in Texas at the moment. We came across a property that is walkable distance to a university, 6 one bedroom units and one 3/2 unit. On the listing, it said the property's projected 5 Yr IRR of 20.2% IRR before Value Add Program. The listing stated if we put in 3k into each unit we could raise the rent $100 more than it is currently rented out for.

Is it a realistic IRR? And what other numbers or important factors should be considered prior to moving forward with the deal? Thank you in advance.

Hello,

I am wanting to to get my real estate license hopefully by end of this year. I would like to look for an online course that I can do it on my own time. I also don't need tons of support. I am good at test taking and studying. I plan to get a license for myself mainly to purchase investment properties. I would appreciate any recommendation! Thanks

I am wanting to start doing STR and is in the process of searching for property. Do anyone has experiences or advices when it comes to buying an existing airbnb property? What are some aspects that I need to consider, how do I determine if this is a good investment? I came across a property that is listed and it is used as an airbnb property, I looked up the listing on Airbnb and it has less than 20 reviews and 4.4/5 rating. There is another property close by with half the price and has 100+ reviews and 4.9/5 rating. So I feel like the area is probably okay but the current host probably priced the property too high which could explain the reason for fewer reviews. There is no booking showing so far on the calendar either.

Hello all! 

I am debating if I should tap into STR in SA. I have some properties here for LTR that are doing well. I want to purchase a home ( probably no more than 350k) in the north central part of SA close to stone oak. Would this be a good area to have STR? I looked at some properties in area on airbnb and they are renting for about $150-180/night. I also read that there are some restrictions posted by the city regarding STR within the city limits. I would really love to have some insights/guidance from those we have done or doing airbnb currently in SA. Thanks!

I am following this post and also hoping to tap into the STR market. I have several LTR properties that are working well but kinda hesitant to start STR with interest rate and housing prices being pretty high. I am looking to invest in north central side of SA. Would it be a good area to start STR?