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All Forum Posts by: Cali K.

Cali K. has started 3 posts and replied 9 times.

@Bonnie Low completely agree with this. My house is near a military base and hospital, but it's 3 bedrooms and most people who do well on FF have a studio or 1 bedroom. People just don't want to pay for a large house

Post: suggested lease for midterm

Cali K.Posted
  • Southern Pines, NC
  • Posts 9
  • Votes 1

Hi, I have very specific move-in and move-out dates I need to include in the lease.  I see on apartments.com you can only do month to month or specify the move-in date but not the move-out date.  Looks like avail gives you the flexibility to specify the move out date as well!

Post: How to list multiple properties on Air BnB

Cali K.Posted
  • Southern Pines, NC
  • Posts 9
  • Votes 1

Hey everyone,

I am struggling to get my Air BnB account setup as a property management company.  This is my first one so thanks for being patient with me!  I want to create an account with my property management company and have multiple listings but the system keeps prompting me to verify my identity with a government ID card (which I don't have as a property).  Do I have to co-host with my verified personal account?  How do I keep my listings separate and setup payout accounts for separate listings?  Since I am starting out, I only have my personal phone number for verification purposes and the website does not allow making multiple separate accounts with the same phone number.  Has anyone else done this?  It seems like the website really tries to lock down those trying to host as a business.  

Thanks!

(EDIT)  I read through some other posts and may be able to figure something out.  Thank you everyone

Post: VA and Commercial Loans for MTR/STR Strategy

Cali K.Posted
  • Southern Pines, NC
  • Posts 9
  • Votes 1

Thank you all for the recommendations, I will dig into this more! Thanks!

Post: VA and Commercial Loans for MTR/STR Strategy

Cali K.Posted
  • Southern Pines, NC
  • Posts 9
  • Votes 1

Hi @Luke Carl thanks for the quick reply. My understanding is that I can rent out my home as long as I have lived in it as my primary residence for at least 12 months and I can rent out rooms or guest apartments as long as I am still using a portion of the property as my primary.

Post: VA and Commercial Loans for MTR/STR Strategy

Cali K.Posted
  • Southern Pines, NC
  • Posts 9
  • Votes 1

Hello everyone!

Newbie here. I am planning on converting my current home to a midterm rental (it's in a small town but a large hospital system nearby). I am confident it will rent well.

I need to move to Milwaukee for a few months. Instead of paying the crazy high rent prices for such a short stay, I was considering using a conventional loan to purchase a condo in the 3rd ward area and furnishing it while i lived there. When I move out, I plan to also convert that to an MTR as I understand there's a lot of med students and travel nurses in the area.

I also want to use my remaining VA loan to purchase a beach vacation home this spring/summer. I know with VA loans I have to use it as a primary residence for at least a year, but was then wanting to convert that into a STR. (Kind of house hacking? )

My questions to you all are:
1. Does this seem like a realistic plan?
2. Will getting a conventional loan now hurt my rate for a VA loan a little later this year?
3. Has anybody done anything similar and have any advice for me?

Thank you!

Post: Coastal North Carolina Help

Cali K.Posted
  • Southern Pines, NC
  • Posts 9
  • Votes 1

Thank you Doug and Joe!  Appreciate the responses and great to hear that the area is doing really well there.  I am looking forward to start my search!

Post: Coastal North Carolina Help

Cali K.Posted
  • Southern Pines, NC
  • Posts 9
  • Votes 1

Hi all!

I'm looking to purchase my first STR somewhere along the North Carolina coast, possibly around Holden Beach area. I would like to use my VA loan and live in it for the 1st year as a house hack.

I'm hoping to find something along the intracoastal waterway but 'm having a hard time finding anything reasonably priced that would provide a good ROI. Has anybody found a reliable real estate agent with experience in investment properties around that area?

Any advice would be so appreciated!

Post: Pints & Properties - Raleigh

Cali K.Posted
  • Southern Pines, NC
  • Posts 9
  • Votes 1

Darn! I saw this too late.  I just joined BP and would love to meet others in the Raleigh area. Will there be another event like this soon?