All Forum Posts by: Bryce Kennebeck

 Perfect! Exactly what I was looking for.

 Can I back date a lease for my unit for about 3 months ago when I moved into the property? or is that something that would be looked down upon?

 Well that's why I'm here. W2 is already maxed out for my position and about 30% of my rentals Gross income goes too PM and 3rd party cleaners. I figured I have plenty of time to take on the extra work and It will also help me cash flow more and help me get to the next property.

 Yes, I'm already a licensed agent in FL and it doesn't really matter anyway because the other property's I'm looking to manage are part of a partnership anyway.

 I'm not worried about finding the next deal or anything and as far as management goes, Florida doesn't require any license for self managing. I also already have my RE license in Florida so if/when I'm ready to manage others I'm all set already. I'm really just trying to fine tune everything right now to eliminate as much resistance as possible.

So I own a triplex with 2 of the units being managed by a PM and used for Airbnb and myself living in the third and I have 20% equity. In the near future id like to move out and purchase another similar property but I'm trying to maximize my income and property performance before hand to give myself the best chance at qualifying for a fha loan 3.5% down. Ill put the questions I have below and if anyone has any answers or advice, I'm all ears!

1. I'm looking to self manage and also manage a few units of some one else's portfolio. When I do my own units, should I charge a really low price to my own property to make it self sufficient as it would then cover its own expenses, or should I charge the regular full price for cleaning and pay myself the entire cost for cleaning to boost my income? I don't know if their is much of a difference but that's why I'm writing here. 

2. Do I need a full year of rental history to prove to the bank that it can cover its own debt? Are bills like electricity and water something that's figured into weather or not a property is self sustaining? Finally, If I'm living in the 3rd unit and plan to move out upon purchase of a new property, can they estimate the income of the 3rd unit will provide with me moving out and apply that to the property's sustainability?

Hopefully the questions are worded correctly, I have just been thinking about this over the past few days and figured someone might have some insight. Cheers!

So I recently bought a triplex at 20% down and I live in one of the three units. I was originally going to go fha or 5% down so I put it in my name, but now that I put down 20% should I put it into an LLC? I would like to take advantage of using it as my primary residence for 2 years so that way i can take advantage of not paying capital gains after 2 years of living their. Can I do this with it in an LLC or must I keep it in my name? Thanks!

Im looking for a mortgage broker to help me find proper funding for my first house hack in Pinellas county. Im looking to do an owner occupied 1-4 unit with 5% down and im also open to possible FHA if it proves to be a better option. Just looking to get pre approved for now and pull the trigger in the very near future. Im looking for someone that can help me in the future as this isnt likely to be my last investment in real-estate and my work history is a little complex but steady and sufficient.

Hey Marian, thanks for the response! I don't have a sponsor or team yet as I'm not currently able to meet for in person interviews until im back in town around February and I tried talking to a couple teams and kinda felt like I was wasting their time until I'm actually able to meet in person.

And for further clarification, im only looking to act as an agent on my own investment deals and maybe for some other friends/family and not looking for another job. And the reason i pose this question is that im looking to buy property shortly after getting back in town and wanted to know how long till i can actually put something under contract after hanging my liscense. But if you have any recommendations id love to hear it and im also in the Pinellas/Tampa,FL market for context.

I've recently got my RE associates liscense in FL and was wondering, how long after joining a brokerage till I can close my first deal? Is there required training, or is it optional, or what does that process look like? I'm looking at joining an exp team if that helps for context.