All Forum Posts by: Jake Greener

@Jake Greener edit: we have already decided to each put 50% of the money down for the property and all maintenance required. I am curious more as to the management and daily operations side of things.

Hello all,

I am in the process of purchasing a STR to advertise on Airbnb with a partner. We are planning to split the deal 50/50. I am wondering for those that partner on Airbnb deals how do you separate the responsibilities of managing the property?

I want to enter the investment with clear ideas on each other’s jobs and day to day responsibilities prior to jumping in.

Thank you!

@Justin Lee Congratulations! Do you have an example on how your first condo property is doing? What made the first one successful?

Totally open ended questions but I imagine you’ve learned a lot!

@Bruce Woodruff Hi Bruce! Thank you for your words of encouragement. I will be living with roommates and hopefully saving at least 80% of my income monthly. Hoping to get to $40k saved up before I make an actual move!

@Jonathan Dempsey I have considered house-hacking, but not for this specific investment. The FHA would not allow me to make any cash flow for the first year.

@John Underwood I wasn’t sure whether or not you need a primary residence for this strategy, and a quick Google search did not provide any answers either. Thank you!

Hello BP community,

I am a 22 year old college student graduating in December. I am looking to purchase a short term rental in the Kissimmee/Orlando area sometime in the next 7 months. The property will cost roughly $300k.

I have roughly $10k in savings and will be making about $65k a year. I’m looking at the possibility of getting a 10% down vacation loan but am not sure if you are required to have a primary home mortgage to qualify.

If you were me, what would be your strategy to achieve my goal of obtaining this property?

Hey @Shawn McCormick I would definitely be interested! I will send you my email/phone number to speak more! Thank you.

An investment partner and I (both of us are in college) are looking at investing in a real estate property in the greater Orlando area.

Upon graduation we will both have a salary around $50k with zero college debt (thanks to parents who prepared heavily for our futures!) The two of us are looking to invest in a property to get us fast tracked to financial freedom but will realistically have a tough time paying 20% down.

Are there any realistic options besides an FHA and loan program that requires us to live in the property for a year?

Thanks @Shawn McCormick! I’m thinking post graduation to move to the Orlando area for a year in order to get a cheaper down payment on a property, while simultaneously rehabbing it. I have a little experience with rehab work and would want to hire a contract artist to theme the house. Looking for creative ways to get my hands on a property without much W-2 Income behind me. As I will be starting my first job.

Any ideas or help with that would be awesome!