All Forum Posts by: Jacob Stevenson
Jacob Stevenson has started 10 posts and replied 81 times.
Post: HOA work around
- Insurance Agent
- Sioux City
- Posts 83
- Votes 41
Appreciate the responses, there's a different opinion I'd love to hear it but sounds like there's just better ways to make money and buy property.
Post: HOA work around
- Insurance Agent
- Sioux City
- Posts 83
- Votes 41
I know with new laws there's becoming new ways to structure and rent STRs. I'm looking at a property that is in an HOA that does not allow short-term rentals but wondering if there's like structure I can utilize in order to buy the property and rent it. I think it's the type of property that I could rent for 30 plus days at a time if that matters. Appreciate any insight into the matter, if I can make it work it'll be a phenomenal property in extremely desirable lake location.
Post: Onboarding with VRBO has been a nightmare... is this a general experience for others?
- Insurance Agent
- Sioux City
- Posts 83
- Votes 41
They all have there unique challenges but using a PMS from the start was a good option for us. Didn't have to learn anything new as we grew! Use the customer service teams to make sure everything is synced and just know there's going to be some challenges along the way.
Post: Looking for Cash Buyers in Des Moines, Iowa
- Insurance Agent
- Sioux City
- Posts 83
- Votes 41
Quote from @Brandon Gamblin:
Hello everyone!
Looking to network with Cashbuyers in Iowa for the Des Moines, Davenport, Cedar Rapids and Iowa city markets! I'm in the process of sourcing properties and talking to sellers and would like to build a solid relationship with my cashbuyers. Lets connect!
Post: Black Hills South Dakota Meet up
- Insurance Agent
- Sioux City
- Posts 83
- Votes 41
Virtual option?
Post: Uses for vacant small town buildings?
- Insurance Agent
- Sioux City
- Posts 83
- Votes 41
Quote from @Oliver Sparks:
Most of my life is spent living in and cruising around the midwest. Particularly in the Kansas City and Des Moines metro areas. And when I'm traveling to the outskirts and more rural areas, it bugs me that I see so many empty old buildings no longer in use. What was once a flourishing business district is now vacant and run down. There are, of course, a large number of reasons why these old store fronts or industrial areas are no longer functioning as healthy businesses. But, the entrepreneurial side of me gets my mind wondering what if...
I'm curious what some other investors and business owners have done to revive and rescue properties like these. And if the choice was made to bring a building back to life, was the decision actually the most economical? Or was it just for the sake of saving a piece of history?
If it's something that's within 30 minutes of a large growing community, I think it's a great investment and worth looking at but if it's in a truly rural community and the main source of income for the community is ag, it's tough to see the economic upside. I feel like Ag is becoming big business with the $ flowing away from those small towns.
Over simplification on a sad change (my hometown was 350 people). I hope to be that investor that believes more in the community than the bottom line someday. Small town life is a great way to live.
Post: Markets seeing success atm?
- Insurance Agent
- Sioux City
- Posts 83
- Votes 41
Quote from @Maytal Hess:
Hi BP Fam! I am in the process of my first 1031 exchange. I had a buyer over the summer that totally screwed me. He led me on and then ghosted which put me in a totally new environment. I'm finally closing but the new interest rate is 75 bps higher than before. Story of the year, I know... Now I'm experiencing it firsthand. I have been looking in Columbus and Cleveland primarily. I was recently pointed towards Sioux City, IO which I don't know much about. I'm having a hard time making anything pencil. Curious if there are any other markets you guys are having better success in? Please help! THANK YOU, THAKN YOU, THANK YOU!!!
Post: Looking for advice of muti unit investing
- Insurance Agent
- Sioux City
- Posts 83
- Votes 41
Des Moines and Sioux Falls both growing FAST and both in landlord friendly states. SD no state income tax and Iowa on a gradual reduction, hopefully all the way to zero as well!
Post: hello and thank you for the opportunity!
- Insurance Agent
- Sioux City
- Posts 83
- Votes 41
Quote from @Sean Meyer:
Hello all! Just signed up a few days ago. I am new to real estate investing. I did listen to 3 of Brandon's books earlier this year. Now I am listening to podcasts and YouTube videos. I am eager to learn more. My goal right now is long-term single and multifamily homes. I own a home in Idaho that I will likely rent and move to Nebraska where my family lives. I currently travel for work as a nurse practitioner so I am rarely home anyway. I look forward to listening and learning from this great resource. BTW, I am currently on assignment in northern Minnesota.
Sean,
Welcome! If you need any assistance connecting to someone in the area to help you find a unit to purchase let me know, my wife and I are active in the IA, NE, SD markets and currently reside outside Sioux City IA. Great opportunities in this area.
I have a real estate agent/investor friend in Coeur d'Alene as well, we both coached wrestling at one time and built a strong relationship before both moving on. Beautiful area but plenty of beautiful areas in NE as well with a little lower price tag!
All the best Sean!
Post: Creative Finance Speaker--Virtual meet up
- Insurance Agent
- Sioux City
- Posts 83
- Votes 41
Any ideas from the forum?