All Forum Posts by: Jackson Ebersole

Hi Anoop,

If you're looking for the best areas in Boise for short-term rental investments, I’d recommend focusing on two spots, these are the ones I see come up more frequently for investors: Downtown Boise and North End (a bit more residential but still near popular spots like Hyde Park.

Good luck,

Jackson

Hi Angela,

Thanks for sharing your experience with investing in a short-term rental in the Orlando area! It sounds like a great opportunity, especially with the location near theme parks and convention centers.

Nice job negotiating a lower price with motivated sellers—that’s a smart move. You're right about the unique insurance needs for short-term rentals. It’s great that you have industry knowledge to navigate that. And pool maintenance can be tricky; it’s attractive to renters but requires diligent care.

Are you planning to manage bookings yourself, or are you considering a property management company? That's another important decision for STR investors.

Best of luck with your investment! Feel free to share any insights you gain along the way.

Jackson

Hi Sara,

We do see a lot of new construction in NC and SC, but specially in NC.

If you’re looking at areas with high demand, Charlotte and the Raleigh-Durham region in North Carolina are definitely worth considering. They’re experiencing strong population growth and a real need for new housing. Coastal cities like Wilmington, NC, and Charleston, SC, are also popular spots for new construction. Plus, keep an eye on emerging markets like Greenville and Columbia in South Carolina—they’re seeing more development and interest.

I can get you more information on specific areas once you have a more concrete idea of where you want to invest.

Let me know if you want to connect and I'll be happy to help. 

Good luck,

Jackson

Hi Will,

Buying a long-term rental in a new build neighborhood can be a smart move. New construction often means lower maintenance costs since everything is fresh and up to code. The modern features and amenities can attract renters, and energy-efficient designs might help keep utility bills down. Plus, investing in a developing area gives you a chance to see your property appreciate as the neighborhood grows.

However, there are some things to consider. New neighborhoods might lack amenities at first, which could make them less appealing to potential tenants. Ongoing construction can also be noisy and disruptive. Additionally, property taxes and HOA fees are often higher in these developments, and it might take time for rental rates to stabilize. So, it's important to do your research—check the developer's reputation, consider proximity to jobs and schools, and look into any tax incentives. Overall, new build rentals can be a great investment if you're ready for the long haul and willing to navigate some challenges along the way.

Feel free to reach out if you have any other questions,

Jackson

Hi Josh,

It’s great to hear about your goal to house hack a small multifamily property in or near Tempe. Connecting with locals who have experience in this area is a fantastic way to gain insights and avoid common pitfalls.

Since you’re looking to buy in the next 12 months, I recommend starting by networking with other investors and real estate professionals in the area. You might find local meetups or online groups where you can share experiences and learn from others who have successfully navigated the process recently.

Also, be sure to analyze the numbers carefully to ensure that the investment makes sense for you. If you're open to it, I'd love to connect and chat more about your plans and share any tips I have. Good luck!

Jackson

Hi Josselyn,

Nice to e-meet you and welcome to BiggerPockets!

Your background in Wall Street trading and current work at a property tech startup give you a great foundation for this journey.

Starting with a rental property in North Carolina is a smart move. The market here has been pretty strong, especially in growing areas like Charlotte. Since you're aiming for 2025, you've got time to really learn the local market and save up for a solid down payment.

Feel free to reach out if you want to have a chat. Good luck!

Jackson

Hi Dilini,

To make sure everything goes smoothly while the seller stays in the property for two months after your purchase, you'll want to set up a couple of agreements. 

First, create a Post-Closing Occupancy Agreement that clearly states when the seller needs to move out, any rent or fees they'll need to pay during their stay, and what their responsibilities are regarding utilities and maintenance. It’s also a good idea to outline what happens if they don’t leave on time.

Next, draft a Rehab Permission Agreement that details what renovations you can do while they’re living there. This should include which areas you can access, what hours you can work, and any safety measures you’ll take. You might also consider holding back some of the sale proceeds in escrow until the seller has moved out as agreed.

Make sure your insurance covers any work being done while the property is occupied, and check local tenant/landlord laws to avoid any issues. It could be helpful to have a real estate attorney look over these agreements for added security. 

Good luck with your rehab project! Feel free to reach out if you want to discuss anything else.

Jackson

Hi Duane,

That will definitely affect your DSCR as you'll be paying interest and amortizing the principal on the loan. Definitely take it into consideration in your DSCR calculation. I wouldn't recommend getting a loan for a down payment but if you do be careful cause your DSCR might not cashflow as well.

Let me know if you want to discuss this any further or have any other questions.

Best,

Jackson

Hi Lilly,

Having an LLC has some advantages compared to flipping including the ability to deduct business expenses like mileage and meals, which can lead to significant tax savings. An LLC also provides liability protection for your personal assets in case of issues during a flip. Plus, it simplifies the process of adding partners for future projects and helps keep your finances organized.

As for BRRR, you can also deduct expenses and LLC income is reported on the owner's personal tax return, avoiding double taxation that corporations face. This allows rental income to only be taxed once. Also, single-member LLC owners can often deduct mortgage interest on rental properties.

Let me know if I can help you any further. Feel free to reach out. 

Best,

Jackson

Hi Maciej,

Many lenders won't require you to have a visa to invest in the US as you are Canadian. It is different for other nationalities but you should have no problems. If you don't have a FICO score you might be require to post some interest reserves at closing to mitigate risk but you should be fine. 

Please reach out and I can probably help you with that. 

Regards,

Jackson