All Forum Posts by: Cody Stevenson

I remember these being the most often recommended, go-to STR mattresses long before Robuilt's channel became popular.  So it's not like he's going out on a limb here.

We have a bunch and they've worked well for us.  I can count the number of complaints we've had about them on one hand and we've had FAR more people comment that they loved them and asked where they could buy one.

The vast majority of guests don't mention them either way, which is all we were looking for.

I think mattresses are pretty subjective.  We've slept on them at our STRs and I honestly don't remember them much, which again is all we're looking for.  But we've never stayed at our place longer than a week consecutively.

I disagree. I have dozens of zinus and love them. 

Looks like if you had bought directly from Zinus they would have given you a full refund and paid for you to ship it back.

We only use Wayfair brand memory foam mattresses and get rave reviews on them. They are by far the most complimented thing in our units.

Also, highly recommend Ghost Bed All-In-One Foundations. Super durable and look good.

Wondering if maybe that one you tried was defective? Did you contact the company and explain the situation? They might be willing to replace that one. Especially since so many people have said good things, it might be worth a try before unloading all of them.

Hi @Cody Stevenson,as an Investor-Agent myself, I have had several conversations of this topic with my clients and customers. Everyone has a different goals and investment criteria, so this is not a one size fit all kind of situation.

I will suggest that you clearly define what you what and do some research then go from there.

A local Investor-Agent can help shorten your learning curve and save you a lot of headaches as they tend to understand the market better.

Use Niche.com, Greatschools.org and Msc.Fema.gov for your research.

Goodluck and go make it happen

@Cody Stevenson

It's not exactly what you asked, but I have to say first off ... You curse when you say the name "Open Door." At the risk of sounding like a real estate agent irritated at competition ... don't sell your house to Open Door or Zillow! They're basically flippers, and flippers only make money by buying under market. You don't want to play that part for them. Use a seasoned agent to get the most money for your home. 

To your question ... that's tough. I normally say that everyone should keep everything they own in the Denver area. Appreciation is set to be strong for the long-term hold. Can you start your real estate investing without selling this property? If so, I'd consider it.

Now, if it's going to be tough, sell that bad boy and run. Be aware that the market is not as insane as it was six months ago, and we are transitioning to a slower period anyway. If you need to move now, do so but rent your current place for six months or so and sell it late spring or summer 2022. 

@Cody Stevenson It may be worth looking at what a refinance would do for your numbers on your Denver house. If you keep it and can get a lower interest rate in today's market, this is a great hedge against inflation and you are holding onto an asset that is appreciating and potentially cash flowing with the rents being higher than your new, low-interest fixed rate mortgage and other expenses. A friend of mine once told me that the biggest regret he ever made in real estate was selling. The path to wealth is to buy and hold; let someone else pay your mortgage for you!

Hi @Cody Stevenson! This is one of the most common dilemmas of anyone in Real estate. I know exactly where you are speaking of and I have a lot of clients that look in that area each and every day. I would agree with @Will Barnard above in that you need to just go through each proposal and see where you come out on top. Unless you want to get creative with the current property in terms of renting it out, it isn't going to be a strong performer in terms of cash flow, but appreciation and future potential can be strong. 

In short, the answer is going to come down to where is my money best spent. I know Washington has strong appreciation and potential as well, so the Denver appreciation may not be as much of a factor. If you are able to offload the property and use that capital to build your STRs up there and produce much stronger cash flow, and still take on the appreciation it might be best. You would be looking at needing a PM for this property, which will take out another chunk of change in your cash flow, so you may be finding yourself breaking even in terms of that after all expenses.

Without knowing the exact property I can only give so much advice, as there may be repurposing opportunities with the property which could create stronger cash flow. You could also potentially get an owner-occupied HELOC while you are still occupying and take advantage of that in order to have additional capital.

I'll send you a quick PM if you want some more specific help!