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All Forum Posts by: Brian Cassanego

Brian Cassanego has started 5 posts and replied 23 times.

Post: Online payment system

Brian CassanegoPosted
  • Posts 24
  • Votes 9

Hey all!


Im going to be managing a duplex myself for a bit (out of state) and I was wondering what payment portal is the best/cheapest to use so my renters don’t have to mail me checks.  Would Venmo or Zelle be a good option?

Thanks!


Quote from @Mario Dattilo:

Hey Brian check out my profile for a bunch of MHP investor resources. Dm and we can connect. 


 Will do Mario!  Thanks!

And was wondering if I can talk to an experienced owner.  I found a property in upstate NY  (I know NY with the rules and regs and massive tenants rights), but it seems like a good deal as most of houses are tenant owned, so very little maintenance, and a manager is already in place.  Anyway, hit me up if you are interested in talking to me.  I own small multifamily out of state (in Ohio) and I live in CA, so I won't be near this park.

Cheers,

Brian

Maybe it's just me, but I wouldn't jump in the AirBNB market right now, unless this is going to be a 2nd home you can afford already, and are just AirBNBing it for a little extra income.  AirBNB is SOOOOOO Saturated and government restrictions just keep on coming.  Best bet is the boring route....buy a small multi-family and long term rent.  Or if you buy in a destination place (such as a college town) maybe long term rent one part of the duplex for guaranteed income, then AirBNB the other side.  Just my 2 cents, hope it helps!

WHy don't you get a qualified STR manager? Pay them 25% to manager the entire thing and you can just collect the rest?

I'm in San Francisco and I'm completing a loan for a couple on a 2.8M condo at 75% LTV. Talk about a high mortgage payment. But they make enough money so they will be fine.

Quote from @Taylor L.:

Value add multifamily with modest long term leverage. Overall deal flow has slowed drastically for those who have maintained strict investing criteria, but there are still opportunities out there.

Taylor, what cities are you high on Multifamily presently?  

And the goal is maybe around 70% cash flow and 30% equity growth, so definitely interested in more cash flow.  Also, maybe a 40% risk profile, so some risk is fine, but rather be a bit safer.

Cheers! 

Hi @Chelsie Runnings. Funny you should say that as I was definitely looking into an STR in the Russian River area before this am moratorium. And, knowing Sonoma County as I do, I am sure it's going to be almost impossible to enter the STR realm now (well, besides the coast). Was also for a hot minute looking at Shasta as well! Obviously fire danger and insurance companies raising premiums or pulling coverage all together scares me up there (or anywhere in CA now). I have a friend who recently purchased a property in Twain Harte to do an AirBNB and he's been doing well on it. I helped him secure the financing, but the insurance part was difficult and expensive. Whenever you are around Fountaingrove if you have time, maybe we can go get a cup of coffee. DM me if you would like as I am interested in the STR space in CA, as, IMO, eventually CA will put a hard cap on that space and the only people left would be the one's grandfathered in. So it can be a good time to get in that market.

Ha!  Right?  I'm assuming you can find them only in a few pockets in the midwest, but just wondering if there isn't anything else in the 100-200K market where I don't know of yet.