All Forum Posts by: Eden Meng

Hi BP Community,

I am reaching out if any one has applied renting per room strategy to traveling professionals. I am currently planning to list my home, 3 beds 2 baths, for primary traveling nurses. As a someone living on their bag, I don't think they would need the entire home to stay for their 13 weeks ( on average). So I believe that the rent must be per room. So below are my questions:

1- How would you suggest set up the house rule for all these strangers sharing the same house? i.e dishwasher ( as I am not going to be in the same place with them)

2- Do you ever encounter tenants submit complaints when other tenant do not clean after themselves as unfortunately I will have to have one tenant sharing a bathroom. If so- how would you deal with that?

Please note that I plan to bring in a cleaning service twice a month to clean the house and landscaper to maintain the house nice and neat. And all utilities including WiFi and cable services are still under my name.

Any input is truly appreciated it.

Thank you

Eden

 Hi Caleb- This is Eden. I am currently looking for a RE CPA. How is your experience with your CPA currently- do you still look their services? If so- would it be ok you could share their contact with me? Thank you ! Eden

Thanks Taylor for your input. I did a great amount of research on UBIT - definitely not at a healthier side of thing. I am just wondering if someone out there find a better way to do it.

Hi BP Community,

I am currently having 80K sitting in my  SDIRA. I am hoping to get the small multi families out of states ( Indianapolis/dalas Texas). I am reaching out if any one has an experience in pairing their SDIRA and non recourse loan ? If so, what is the impact on tax and the management company ?

Any inputs appreciated.

Thank you,Eden

@Derek P.- Hi Derek, when you pulled the fund from Fidelity, did you only pull the contributions or including the earnings as well? I am actually planning to pull mine as well from fidelity to fund a deal. 

@cory 

@Account Closedthank you for responding. Appreciate it. Out of state investment is a new thing to me, so definitely I am abit cautious.

@Alicia Wilson- I would love to connect . 

I am wondering if any one have any updates on Alabama market during the covid ?