All Forum Posts by: Dave Kush

There are some great points here. I can see why tenant did that, but agree with why people are saying not to pay.  If I were in your shoes, in the moment, and the I didn't know what to do, I would have probably tried to help the tenant as well, if nothing more to get it resolved and out of my life.  Key lesson learned: when I'm not sure what to do, I will post the situation on these forums before taking action if at all possible. 

 That's a great point about insurance. Thank you

I am completing a cash out refinance on a rental.  

The rental was previously titled in the name of my LLC, but I moved it back into my name for the refi. I have a bank account in the company name where I've managed all of this property's expenses.

Should I put the funds from the refinance into the existing company account, a new account in the company name, or one of my personal accounts? It seems like I'm going to have to finance the next purchase in my name, because it's an STR and I plan on using a vacation home loan.

Thank you for your help!

In addition to the main listing sites, I also recommend a little guerilla marketing. Many of my best tenants come from placing little business cards with the property info in places where I expect my ideal tenants to be. Local stores, laundromats, and so on.

Thank you for reading my question.

I have been saving up cash to buy a truck, which I'd be using for both business and personal purposes. Assuming I can get a good rate on auto financing, wondering if it would make more sense to use that cash towards getting my next brrrr, and just borrowing the money to buy the truck instead. 

I have been trying to reduce my personal debt and am down to only the mortgage on my personal residence.  This seems like a way to get both the new vehicle and perhaps close my next deal, but I also want to make sure I'm not just talking myself into more personal debt. I have high W2 income, and have no problem handling the payment on the vehicle.

I don't really mind paying cash for the vehicle, except that I could instead increase my ability to purchase the next brrrr. I'm trying to take advantage of buying in cash.

Would love to hear people's opinions on this as well as what other factors I should consider as I weigh the options. Thank you for taking a look.