All Forum Posts by: Dallas Easter

On the newer side of RE investing. I have one LTR in Indy and I'm intrigued with the idea of STR's after reading Avery Carl's book "short term rental long term wealth." My wife and I really have enjoyed visiting these areas of AZ when we have vacationed down there but I have no idea if getting a vacation home to rent out in these areas would be a good investment in these markets. We would obviously like to invest in places we want to visit as well. Does anyone have any experience with STRs in AZ? SFH vs townhome vs condo, etc. Anything I should know about that I could be missing or overlooking?

Trying to analyze lots of properties to know when I see a good deal. Lots of the properties I have looked at seem to have good cash flow but the CoC seems low. What CoC should I shoot for and is cash flow or CoC more important or are they equally the same? Looking for advice...thanks :)

Thank you for all the great input!

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@Dan Barli I have heard of that but this would be a property that I would not be living in. Thanks for the info :)

I have been looking for a good local lender in my area and several of the banks are telling me that its 25% down for 2-4 unit properties. Is this bank specific or has the requirement to put down gone up? I've noticed a lot of people use 20% down in the examples they share as well as with the webinars I have watched on this site. Wondering if someone could give some insight to their personally experiences. Thanks

Super helpful with all the replies. Thank you for the input.

Hey guys, looking for advice on how to structure a partnership with a contractor for some fix and flips. If anyone has experience with this I would really appreciate your feedback.

I have a good relationship with a contractor that is interested in doings some work together. Little background, I'm not handy but can do little things when told what to do and how to do it. I'm primarily the partner bring the capital to the projects. But what does my contractor bring besides the updating and know-how that is different from just hiring him? We would need to finance our purchases, so do we both go 50-50 on the loan with a bank? Do I pay for all the supplies and labor minus his? Does he get paid once its fixed and sold on his end? 

Looking for some guidance as we hash out the details of an agreement. Thanks!