All Forum Posts by: Daniel Baran

Hi All - new to Houston area and curious if there are any existing mastermind groups open to new members and/or if folks are willing to start one with me? I am familiar with the meet ups happening in the area (and eager to join those) but am looking for something more personal, formal and consistent (bi-weekly?). 

I have one two-unit rental property in Denver, CO and am looking to acquire land and a house hack next year. Over the years I'd continue to like to buy more house hacks, get my RE license and (depending on the market) acquire a few duplexes/multi-families all on a slow but consistent basis. Aside from RE (but business goals related) I'd like to do financial advising on a consulting basis, am currently getting my CFP, and have been pursuing financial independence for six years and hope to be FI within the next 3-5 years.

I'd love a mastermind group that can discuss real estate and business/investing goals and progress, be inspired by others successes, and learn from one another. Please let me know if interested! Ideally would meet in person but open to some sort of hybrid structure as well.

Hi there, just moved to Houston and looking to go to the next one. When does this regularly happen? And is there a date for the next one?

Hi there, just moved to Houston and looking to go to the next one. When does this regularly happen? And is there a date for the next one?

Hi all - purchased first property this year as a second home loan short term rental in CO. I'm looking for a STR-knowledgeable CPA and am not sure where to even start looking. Anyone have suggestions or referrals for where to find a CPA that'd suit my needs? And ballpark what sort of price expectations I should have for a CPA filing taxes for one property in one state and personal income tax (assuming it just makes sense to do both?)?

Hi All - I am closing on my first property in Denver, CO and am wondering if folks could point me to any good resources on comprehensive lists for furnishing a completely bare short term rental unit. This is a SFH and has a mother-in-law suite so will be effectively rented out as two units: a 3 bed/2ba and a 2 bed/1 ba. I'm looking for those of you who have maybe saved an Amazon cart or have links to all the items you purchased? Looking for as efficient of a way as possible to get this up and running.

Would also be interested in other good check lists/resources for other "to do's" once under contract to get an Airbnb ready (finding cleaners, software mgmt systems, etc.). Thanks everyone!

Hi All - rookie investor in beginning stages of exploring idea of purchasing a STR (i.e. Airbnb) or medium term rental (i.e. a rent by the room type sit. through furnished finder) property in Northeast Ohio. I’m curious if there are others who are doing an airbnb strategy and what sort of success they’ve had? I understand Cleveland is not exactly a “hot” airbnb market but people airbnb everywhere and even with low say 50% occupancy rates in the right places this could still significantly net more than LTRs. Some specific question I have:

• Regulations: Anyone aware of any investor-friendly regulations in regards to STR anywhere in the area? Pretty much everywhere I’ve looked in the area from a first pass that has any regulations outlaws it to investors (including Cle proper). Perhaps a move could be to invest in a suburb where it is not yet regulated and still will cash flow as LTR and worst case convert to medium term/long term rental if regulation is passed.
• Suggested Areas: I am from Cleveland suburbs originally so fairly familiar with general area but curious if there are certain legal areas that people think might do better than others as an airbnb? Specifically looking for markets where I could get 3bed+ under 250, the cheaper the better (while still C, B neighborhoods). Originally was drawn to Brookpark (b/c of proximity to airport and cheap housing/plentiful inventory) and Old Brooklyn (b/c of cheap, plentiful inventory as well and proximity to west side Cleveland neighborhoods like Tremont while still C neighborhood), but does not seem like it will be possible in those areas given regulations.

• Medium Term Rental: An alternative to the Airbnb route would be to do furnished medium term rentals from something like furnished finder as a way of (legally) skirting around STR regulations but still having more attractive cash flow than LTR. Is there any appetite for such medium term rentals in Cleveland area? This is more niche than airbnb and am unsure what sort of demand there would be for this in Cleveland apart from maybe University Circle area where you could rent to visitors in town for Cleveland Clinic/UH and Case around there. Any suggested areas where this maybe could or does work?

Hi All - first time buyer (and first time poster!) looking for some advice here. Looking to buy an investment property to rent out as a STR for 1-2 years (since it seems to be about impossible to even break even on CF with LTR) before moving to Denver and then house hacking it while living part-time in my camper van/part time in one of the bedrooms of the property. Given my budget (~500k max, ideally more in 400-450k range) and Airbnb regulations, it seems like Arvada and Wheat Ridge are my best bets. Given that price range looking at 3 bedroom/2 ba type SFHs.

However I'm curious if 1) folks have a sense of the long-term permanence of existing regulations in these cities; and 2) if there are other locations in Denver metro that are unregulated currently but could trend toward investor friendly like Arvada and Wheat Ridge (and Littleton which is out of my budget). Westminster for example seems to have good value and is unregulated to my knowledge but not sure what city's future plans are, plan to talk to city planners in each of these locations but appreciate any and all advice from BP community! If moved to Denver and in some scenario where I was only there 3-5 years I want some sort of peace of mind that the place would still do okay as an investment (i.e BE on CF as an investment property, not primary residence) so looking presumably only at STR friendly areas but open to all general suggestions/advice.