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All Forum Posts by: Eric C.

Eric C. has started 13 posts and replied 197 times.

Post: Better rental return in central Denver -- 1br or 2br condo?

Eric C.Posted
  • Investor
  • Grand Junction, CO
  • Posts 207
  • Votes 201

Where do you find travel nurse tenants?

Post: Airbnb 1099 and Schedule C

Eric C.Posted
  • Investor
  • Grand Junction, CO
  • Posts 207
  • Votes 201

My question is the 7, or 30 day average....is that by property, or all properties?

Post: 401K or HELOC for ~$50 to invest in rental purchase?

Eric C.Posted
  • Investor
  • Grand Junction, CO
  • Posts 207
  • Votes 201

Can that be done against an IRA as well?

Post: What would you do in my position!?

Eric C.Posted
  • Investor
  • Grand Junction, CO
  • Posts 207
  • Votes 201

I was in a similar situation with not showing enough income, which affected my DTI (I actually had no debt) but just closed in a duplex today. Lender was able to count rental income on my primary PLUS rental from the other half of the duplex. PM me and I can give you my lender's contact.

Post: The Coming Death of Airbnb

Eric C.Posted
  • Investor
  • Grand Junction, CO
  • Posts 207
  • Votes 201
Originally posted by @Jason Reed:

Finally, to the uneducated person from South Carolina, I am not in Canada, and we are much more advanced in Minnesota than you may know, and I am not being negative. 

 He was directing his statement to Thomas from Canada.  Please reread since you are claiming someone as being uneducated.

Post: Recommendations for a remote lock system for vacation property

Eric C.Posted
  • Investor
  • Grand Junction, CO
  • Posts 207
  • Votes 201
Originally posted by @Peter R.:

Lockstate just had a major issue related to their wifi locks:

https://techcrunch.com/2017/08/14/wifi-disabled/

I'm currently using a Schlage/Smart Things/Wifi combo across 7 STR units with no issues. Adding and removing codes for guests, etc.

Also, I never got a clear answer when I researched it last, what's the code length on the lockstate time based ones?  Is it 6 digits or 10 digits?  I don't mean the pre-programmed codes, but the ones you can provision on the fly.

 Do you have to pay a monthly subscription for the Schlage?

Post: Just bought with FHA. Should I refinance conventional?

Eric C.Posted
  • Investor
  • Grand Junction, CO
  • Posts 207
  • Votes 201

By the time you have the cost of the Refi, you are looking at about 15k to save $183 per month(801 minus 618). So that is your ROI. about 14% CoC.

Post: Recommendations for a remote lock system for vacation property

Eric C.Posted
  • Investor
  • Grand Junction, CO
  • Posts 207
  • Votes 201

So if you buy a lock state, do you need to pay any subscription costs?

Post: Tax question for out of state rental

Eric C.Posted
  • Investor
  • Grand Junction, CO
  • Posts 207
  • Votes 201

There would be no 1099-misc as I am self managing

Post: Home owners insurance on a duplex

Eric C.Posted
  • Investor
  • Grand Junction, CO
  • Posts 207
  • Votes 201

Check out farmers