All Forum Posts by: Janel Kolbo

Could you sell the one with an HOA and refi/rent the others? I'm sure budget would be a barrier to do a STR or MTR but if you had a good market for it, it could be a great way to recoup some of the loss. Keep us posted!

0 Votes

This is a perfect time to learn how to run your numbers. It's hard to know if it will cashflow if you don't have accurate rental comps.

1 Vote

It's not for everyone. More properties for the rest of us!

3 Votes

What are the terms? How are you planning to structure the partnership?

0 Votes

Tampa, Florida

Quote from @Sky Cornell:

I am a Realtor, Contractor, LTR/STR Investor and Property Manager. I get asked all the time by friends and family to "go in a property together" but I can't seem to find a scenario where that makes sense to me. I know i'll end up doing everything (find, buy, fix up, and manage) so a 50/50 arrangement just doesn't seem fair. I don't want either side to grow resentfull. The only reason why I would partner with someone is to free me up to purchase more properties (both financially and debt to income)...but if I'm still coming in with half the expenses and doing all the work, it doesn't really make sense.

Any suggestions?

What are they offering to bring to the deal? My guess is you would be the contractor. In that case, they should be the one financing.

0 Votes

Orange County, California

Does your lease specify Zelle payments only? Maybe you could get him to agree to another form of payment by providing the letter from your financial institution.

0 Votes

I'm glad this conversation is happening! I am in talks with them at the moment for St. Petersburg, FL. The Tampa market is full, with a waitlist. I've asked if they track demand per city, or any other metrics. I'll be curious to see if they have any data for this program yet. Does anyone have any updates they'd like to share?

1 Vote

Great! Looking forward to it.

2 Votes

Tampa, Florida

I just used Aceable and thought it was great! I have a referral/discount code if you decide to go with them.

1 Vote

Birmingham, Alabama

Investment Info:

Single-family residence buy & hold investment in Riverview.

Purchase price: $210,000
Cash invested: $25,000

9/30/22 Currently living in this rental. Actively looking for 4 plex to use VA loan and house hack so we can get this one back to cash flowing!

0 Votes

All Forum Posts by: Janel Kolbo

Janel Kolbo has started 1 posts and replied 34 times.

Post: Low Offers on my listed properties-Is this the new reality?

Post: APPRAISAL CAME IN SHORTER THAN THE PURCHASE PRICE!!!

Post: Here's why all our plans fail

Post: Seeking Investor Partner for Tampa Area STR Deal (Owner Financed)

Post: What does a proper partnership arrangment look like?

Post: Accepting only Zelle for payment

Post: Featured Agent Reviews

Post: Tampa Bay Free RE Meetup - November 2022

Post: Which Online Pre-License Course Do You Prefer?

Post: We're living in our rental