All Forum Posts by: Dan Guenther

@Laura Romaniello - 60 days is the norm per FHA guidelines. What would be the penalty for breaking the lease? In that 5 months that you'd be renting you could be halfway to shopping for property #2, paying down your own loan (not someone else's), saving a lot on taxes etc. I'd run the numbers in both situations and make sure your best move is to keep renting.

@Tucker Arlosoroff - I’ll send a message and we can find a time.

Hey @Jason Ascencio - Welcome to the community! Your network is your networth in this game, get out there and meet as many people as possible. Let me know if you want to connect and chat a bit about some different routes you can take when getting started!

Hey @Tucker Arlosoroff - Welcome to the community! I'm an elementary school teacher turned real estate professional so I'm always open to helping young individuals with big dreams! Let me know if you want to get on a quick call to get some goals lined up for you and a good plan to get your start. 

Keep on educating yourself and you'll be absolutely crushing it in no time!

Hey @Chelsea Lingenfelter - the place looks great. I'd agree that one of the best investments you can make when getting started is to drop the money on professional photos. I'm not sure if you are local/self-managing but another popular idea is to leave out a cleaning fee. Not that your cleaning fee is crazy high but a lot of people are thrown off by cleaning fees when booking. 

Let me know if you want to connect/have any other questions I might be able to help with. I've got an awesome STR/MTR property manager here in Longmont that does great work and is usually happy to provide some advice for getting up and running. I'm just a few hours south of your place :)

Hey @Galia Sims - Welcome to the community and congrats on the career change! I absolutely love being an agent that specializes in working with investors. Do you plan on focusing on the investing side as an agent? 

Reach out if you have any questions or just want to connect! 

What's up @Jonathan Guzman - Welcome to the community! I'd have a look for any wholesale-related FB Groups or Meetups in the area. Your best bet is connecting with any locals willing to coach/mentor you as you get up and running! 

Hey @Suddha Talukdar - Welcome to the community! This is the ultimate place to network and connect with like-minded people. My wife and I moved to Denver from Portland a few years ago. Let me know if you're ever in Colorado! 

Hey @Joseph Kirk - lots of good input here! I've done it both ways mentioned. While living there it will be a lot easier to just split all utilities equally among roommates and have them venmo you every month. This gets to be a big headache once you move out though so you might want to consider just baking the average utilities into your monthly rent. I'd recommend installing a smart thermostat at this point so you can easily track usage from anywhere! 

Good luck to you sir! 

Hey @Max Moncur - Welcome to the community! Without knowing more details about your situation here are few thoughts: 

1) Do you specifically need to use the FHA vs 3-5% down conventional?

2) I'm sure you are working with a great agent but how are they presenting the offer/terms? Are they connecting your lender with each offer so that said lender can also reach out to the listing agent to vouch for your qualifications and to show a strong team? 

3) Are the properties you are looking at questionable as far as FHA lending guidelines go? (Any peeling paint, broken windows, overhanging tree branches, sagging roofs etc).

While FHA loans can be looked down upon on the listing side, this shouldn't be a deal breaker if you are making strong offers and the house checks out. Unfortunately, if you are up against a cash offer of the same caliber, it's going to be hard to beat that.