All Forum Posts by: Demon S Rogers

Hello everyone I'm currently investing in Fayetteville North Carolina and needed advice on furnishing a potential rental when I'm not in the area to do so myself or furnishing an Airbnb for long distance investing. Some questions I have are

Is there a company who drops off and installs furniture with purchase ?

Do you guys know a company who can furnish the whole house for a cost?

Would I probably just have to pay someone I personally trust to decorate the house for an Airbnb, or rental of a furnished house?

Thank you for any feedback.

Hello everyone I'm currently investing in Fayetteville North Carolina and needed advice on furnishing a potential rental when I'm not in the area to do so myself or furnishing an Airbnb for long distance investing. Some questions I have are

Is there a company who drops off and installs furniture with purchase ?

Do you guys know a company who can furnish the whole house for a cost?

Would I probably just have to pay someone I personally trust to decorate the house for an Airbnb, or rental of a furnished house?

Thank you for any feedback.

@Katrina Dividina

Might have been mentioned already but I'd pay her to leave. Higher a moving company and tell them to pack up all her stuff free of charge to her. I'd ask her what does she need to leave and how you could help her and maybe negotiate the deal down but it might be to late for that part. Still I'd ask her how you could help get her out.

Hello everybody

I'm looking for good contractors to give me a quote on fixes for a house I'm closing on this month. In addition to everything inside im looking for someone who knows how to replace a support beam for a carport or and can give me a quote for the work. This is located like the title says in Fayetteville North Carolina. Thanks everyone if you guys know anybody at all please feel free to give me their contact information.

@Nick S.

I didn't even think about the maintenance and replacing them. Yes I would just to cover up some of the house. The flowers look good but just leaves a lot of white showing which is fine but I think bushes or shrubs up to the windows would add more to overall look of the the house making it look fuller if that makes sense.

That's just me though.

@Scott Mac

Very nice if I do say so myself. I would probably go with bushes or shrubs though to cover the house a little give a more modest look. Nice software use!

What are the black line or gaps on either side of the grass called ? Or is that just mulch ?

@Nicholas Edwards No that makes perfect sense and what I was tracking, thanks for clarifying! I get where Matt was coming from now. 

@Matt Bishop What makes you say the fees are higher for a VA loan vs the conventional loan? I have never done a conventional loan so I am curious. Also, the VA funding fee can be rolled up into the loan so you don't have to pay it out of pocket, and is lower than the standard funding fee if it's your first-time use.

@Stephen Foote

I am currently about to close on a single family home 3 bed 2 bath using the VA loan but I'm going to turn the "den" into a room and live in it. Using the other three rooms for long term rentals or Airbnb.

Additionally this is what the VA says about living in a home backed by the VA

"as long as the borrower has a history of continuous residence in the community and there are no indications of a primary residence established elsewhere. "

Not making any suggestions at the moment but that may or may not clear things up for you.

@Stephen Foote

I would not wait. I would but your multifamily unit now with the VA loan and just move in. Ideally your tenants should be able to cover the mortgage payments. In my opinion you should still be able to live a frugal life that mirrors that of living with your in laws because you'd run the numbers and the property should cash flow. You would still get to keep your reserves, live frugally, have tenants pay down mortgage, and become a real estate investor. Unless you just want to stay at your In laws or somebody else wants you to stay there because it's nice. I honestly don't know what there is to solve here besides you wanting to say something is your primary residence when it's not.

Debt is too cheap now, and rates will more than likely go up. If you wait to save your way to a down payment you could be chasing interest rates as they climb.... in my opinion only reason not to buy you Multifamily house now is because you can't find a good deal or you think real estate will be cheaper in the next year or so because of a" crash ".

I believe you have nothing to lose by buying and living in your multifamily property for little to no money down and if it cash flows will help you drastically beef up your reserves. Do it. If you're not ready though there is nothing wrong with that. That's my 2 cents. Thank you.