All Forum Posts by: Clint G.

Can I transfer into my LLC fairly easily? I've also thought about doing the cash out refi with a commercial loan to get it off my DTI. I know rates will be a little more, but it might be worth it.

0 Votes

Hey team!

I bought 3 properties last year giving me a total of 4 investment properties, plus my personal home. When the bank opened my loan on my 4th investment property, my credit score dropped 90 points. This has NEVER happened. My score was just above 800 when this happened, and I never pay late or carry CC balances etc. DTI is solid as well.

Anybody had this happen? Is there a solution?

I'm going to BRRRR this most recent property, but now my credit score is keeping me out of the top tier for the refi.

Thanks!!

2 Votes

I use Dee Dee Floyd in Corpus 361.857.8600

She was referred to me by a seasoned investor, and I've been pleased so far.

1 Vote

I don't see where you extended out holding cost. I'd assume 6 months minimum for sure. I see your interest only payment one time, but maybe you've built it in to your net cash needed. Not sure...

0 Votes

@Avery Carl

See what I mean @Ray Thorsen

0 Votes

@Ray Thorsen

The best advice I can give you is call @Avery Carl and do what she says. I've never used her, but she's really taken care of BPers. TONS of knowledge on STRs! Find her podcast episode too. I can't remember the number.

Good luck!

1 Vote

@Evan Westerman

I just did EVP throught my entire BRRRR and in the bathrooms. It's waterproof and the house looks great with just one floor throughout.

0 Votes

Originally posted by @Louis Barkhuizen:

Hello all - season's greetings. I am in the process of closing on my first STR in Port Aransas, Texas. I live in Austin so I am going to use one of the top rated property managers in Port Aransas. They have good reviews and a good reputation. The PM has their own web site and will link to al the usually web sites like ABNB, VRBO, travelocity etc., etc. I would, however, like to maximize my exposure by doing my own additional marketing. things like create a facebook page and post videos and such, run facebook ad campaigns, set up a my own web site to promote the listing etc.

Any suggestions on the bet method(s) to promote and advertise a STR, besides what the PM does?

Thanks for any suggestions. BTW - this forum has been excellent and I want to thank everyone that contributes.

I've been kicking around the idea of getting a STR in Port A as well. Would you mind messaging me your contact for your PM?

0 Votes

Originally posted by @Emil Pinlac:

Hey @Clint G.!

Thank you for your response. I just did a quick google search for EVP and it seems to be the better option relative to going with LVP. How is the weather there in Texas during the Summer and the Winter months? Should I be worried about the effects of extreme heat/humidity on the flooring in the Summer or the cold Winter?

Extreme heat and humidity (normally around 70-80%) is pretty much all year long here. Our winters don't get too cold but drop down to the low 30's a few times. It should hold up just fine. It didn't need any acclamation period like some floors do. It was ready to install the day it was delivered.

1 Vote

Aside from making sure there isn't a moisture source, you might look into an ozone regenerator. I just bought one (90 bucks on Amazon), and used it to help eliminate pet/mildew smells from my BRRRR. The kicker is nobody (or animals) can be in the house while it's running and you have to let the house air out for at least 30 min before occupying again.

0 Votes

All Forum Posts by: Clint G.

Clint G. has started 32 posts and replied 299 times.

Post: Credit score dropped like a rock after 5th property!

Post: Credit score dropped like a rock after 5th property!

Post: Looking for CPA in Corpus Christi, TX

Post: Help Poke Holes in This BRRRR

Post: Gatlinburg Pigeon Forge cash flow str rentals

Post: Gatlinburg Pigeon Forge cash flow str rentals

Post: New Bathroom Floors for rental

Post: STR marketing suggestion

Post: Advice in the Bedroom: How to Tackle Rental Property Flooring

Post: House smells of mildew