All Forum Posts by: Chris Jeub

I'd buy a large-acreage lakeshore property and set up a glamping operation. If the million dollars was a wisely-applied loan, I could probably have it paid off with interest in three years.

Super glad to have found you guys! I'm in Monument and will be binge-watching your podcast in the coming days. Thanks for your good work.

Glamping and other unique stays. "Unique Airbnbs" are consistently a top ranking search term on Google. Airbnb gets it, just look at their front page. They have a-frames, spaceships, domes, etc. 

Quote from @Charlie Moore:

I was really intrigued by the episode last week and have listened to it a few times but this still feels a little above my pay grade as I'm only a year into investing.

I thought the same thing. Intrigued, but way over my head. I wonder if you could sell/resell with a partner to gain the advantage of the tax benefits? You might tap into a lawyer's perspective on this one. Hope the best for you Charlie!

Quote from @Jeff Wagner:

While each territory has its own unique tax incentives, we still enjoy the best of both worlds as we also have federal Opportunity Zones, in fact, I believe ALL of Puerto Rico is within an Opportunity Zone.

I noticed the same thing! The entire island AND tourist islands (like Culebra) are OZs. I suspect the government wants to rebuild from past hurricanes, but I've heard local governments make it rather difficult for outside investment (based off glamping friends at a recent conference I attended). I spent my 25th anniversary with my wife in PR and would love to revisit. 

Quote from @Victor Tofilski:

Hi, I'm 20 years old and I'm currently living with my parents. I was looking into buying a duplex and living in one side and renting out the other. I was approved for a FHA loan and I have about 20k saved up but that's still not nearly enough for anything in my area. Anyone have any idea how I can get more money or where I can invest it in the meantime, thanks.

I suggest not starting with a duplex. Buy a house and rent out rooms. You can't be more ready than single, $20k in your pocket, and pre-approved for an FHA loan.

Just listened to Episode #599 on Opportunity Zone investing. Virtually all the discussion was on how awesome the tax advantages were. This aside, are there any other advantages or incentives in investing in Opportunity Zones?

Hi Caten. Did you ever pull the trigger on the glamping set up? We're opening back up here in Colorado, and curious to know how things are going elsewhere.

Quote from @Pradeepan V.:

Quote from @Chris Jeub:

Quote from @Brandon Plombon:

Hi @Riggies B tang I would recommend looking at local community banks or credit unions in the Cleveland, OH area as they will often be the most flexible as far as rate/terms go.

I found the exact same thing. In fact, Wells Fargo closed their entire HELOC devision when I tried to apply. I found a local bank and they gave me the HELOC without any issue.

@Chris Jeub
Was it for an investment property or primary house? If its for an investment property please share the name of the local bank. 

 First Bank. It was on my primary residence, though. 

Quote from @Avinash Dongarwar:

My property manager sent a hefty bill of $899 mentioning its Wildlife removal cost. I hear there were raccoons. Does that cost sound accurate? Any insight appreciated. thanks in advance.

I'd get a second opinion on that one. Seems mighty steep. You can pick up a humane cage for under $50. And bullets cost a buck or two.