All Forum Posts by: Eric Babcock

 Hi Melissa!  I've been looking into this and running into that same thing of restrictions of lake use to short term rental guests, and it seems as though it is still being enforced.  Have you heard any update on the luck with homeowners trying to overturn that?  And if not, have you found that the lose of lake use to guests has had any major negative impact?  

Hi Mindy!  I am interested in getting signed up but the link doesnt seem to be working for me.  Is there another place I can sign up for the pro membership and this bootcamp and the listed discount?

I am a potential first time investor based out of Southern California.  With limited inexpensive investing opportunities near me, I see Out of State Investing as a great opportunity to get started.

Overthinking the entity set up and tax scenarios has held me up because I want to ensure I am doing things correctly:  Here are just a few of the questions on top of my mind:

- Is an LLC the best route to take when doing a BRRRR?

- Do you need multiple LLC's for each rental property or can all fall under same one?

- Does the LLC need to be registered in the state of the rental property?

- When purchasing the property, whether financing or hard money, is it done under you as an individual or as the business?

Would love to get your feedback or get pointed in the right direction of resources that can put these questions/concerns to rest.

Thank you!

First time investor here out of Southern California and I have been exploring the idea of making my first purchase be a Short Term Rental in Big Bear Lake. I know that sometimes there are certain ordinances from the city or even HOA's that make limit the upside of a short term rental as an investment. So far I have found nothing of note that raised any red flags that could, apart from the minor fees of $74 for business license and $550 Vacation rental permit with the city.

Who has had experience investing in Big Bear and what has your experience been like?

THANK YOU!

As a first time investor located in Southern California, I am looking to buy my first rental property out of state.  What city have you found success in and where should I start looking?

Also, would love to connect with with any agents out in those markets! I am an agent myself here and would love to learn how we can help each other and how I can bring value to you as well.

Thank you!

When investing in a brand new state, what is the main criteria a home MUST HAVE when deciding to make a purchase?

For example, how do you identify a city/community that you believe is on the up and coming?  Is your main focus on factors such as safety ratings, school district, etc.?

Would love to hear how your selection process works when picking a place that has factors that can attribute to solid appreciation/return when you have never stepped foot in the state. 

THANK YOU!

Love the responses!  Very insightful and I appreciate all the feedback.  Definitely helps to provide so much needed clarity moving forward. 

I currently reside in Southern California where I am working very hard to afford the goal of homeownership for my family and I. Yet, I also want to begin my journey as a real estate investor. With that being said, would investing in a rental property to produce passive cash flow hurt my chances of being approved for a primary residence by already having a loan? Would it make more sense to start with a flip or wholesale or will a BRRRR not hurt my chances on qualifying for my first home? Thank you!!