All Forum Posts by: Chris Odell

@Christina Hennessy

Yes, it is a great place to invest. Even following the city's Covid mitigation's, the STR market was still profitable. The LTR market is strong as well which I feel provides a good backup plan in the event the short term side wasn't working out. Please feel free to reach out if you have any questions!

Chris

@Avery Carl

Thank you for the direction! I was actually listening to your episode earlier. Very inspirational and informative! I’m very grateful that the BP community is so welcoming and helpful!

Thank you again!

Chris

@Joshua McMillion

I will be sure to listen to those episodes and no I have not done much research on the vacation home loans. Do they typically come with a higher interest rate? So far I've only used VA, and plan on using Navy Fed's homebuyers choice, which typically only requires 5%. The downside is you have to eat about 1% on the rate.

Please do stay in touch and I will be more than willing to answer any questions you have about the area. I am also interested in the Tennessee area and would like to eventually expand to the Smokies in the future!

Thank you for the advice and best of luck!

Chris

@Matt "Roar" Gardner

I'll be sure to check them out. Do you have a recommended attorney for forming an LLC for STR's?

Thank you for the advice!

Chris

@Crystal Chaillou

Yes please! That would be greatly appreciated. Thank you!

Chris

Hello BP Community,

ISO recommended CPA's and Real Estate attorneys in the Florida panhandle (Panama City Beach, Destin, Fort Walton, etc) with experience in solo 401k's, STR LLC's. Thank you in advance!!

Chris

@Bryan Crawford

Thank you! I’ll have to give her a call.

@Dmitriy Fomichenko

Thank you the input! I agree with you that it is not a good use of time trying to comprehend the thought process of the IRS. I’m a newbie and it has always been a question of mine that I’ve never found an answer to and figured someone on BP might have further insight. I guess it just one of things that can’t be explained 🤷🏼‍♂️

Chris

@Bryan Crawford

Thank you for the info! I’ll be sure to message him and check it out!

Chris

@Jeffrey Dixon

Thank you for the insight! So, if the properties are owned by an LLC, would that be what triggers the UBIT in the case of a solo 401k?

Chris