All Forum Posts by: Jason Goretzki

 Thank you for the suggestions, & the mock up drawing.   We had blackout blinds in our other unit, but little by little they were damaged.  The drapes/curtains have two rods, as there is one window & then the sliding doors.  This makes two drapes/curtains, one long & one short.  As for the chord, we've talked about relocating the outlet, but have not picked up the the phone to do anything about it yet.  Currently the TV is plugged into a 3 port outlet extender, with some USB chargers.  I think they're pretty nice.

I have Proper insurance.  Our previous insurance agency wanted to force a longer minimum number of days, & Proper aligns with our target.

Rather than play elimination through poor customer experience, I'd like to get some suggestions from the Bigger Pockets community.  We put in some tables & chairs into our beach condos, & the chairs are pretty low quality.  The legs easily come loose & are very wobbly, as well as the backs bend in the contour of the lumbar support.  Looking on wayfair or amazon for some decent replacements, but I'm afraid that everything I am finding will just break down from heavy usage.

These are studio units, so where isn't a ton of room.  I am just looking for four standard chairs that will hold up for a few years.

Thank you all for your input.

Events that bring people into the area.  This is especially helpful for someone new to the area, or buying from out of state.
Knowledge of lenders that are STR friendly. Nothing says "you don't know what you're talking about" like telling me something that something I have already done & already have lined up - isn't possible. Now if a property is contingent on cash only, or an HOA doesn't allow lending purchases, that's a different story.
It would also be good to know limitations on STR units, say a mandatory condo/hotel fee split, or "buyer must allow building/HOA management to list".  Especially when a building is under new management, or planning on making these types of changes.  These are things that a buyer will find out on their own, & be let down that the agent didn't disclose or even worse, didn't know.

Beyond just your HOA bi-laws, what if your insurance doesn't cover a claim because you are using your residential property that is insured for residential use under a residential loan, for commercial business? Additionally if that damage effects other connected units, your HOA isn't going to cover damage those units either.

If you are going to use the social media videos as evidence, I would recommend you get a screen shot of the video including their social media name & the URL  Then also download & save a local copy of the videos in the event that the channel or individual videos are ever removed or deleted.

I would suggest that you make a list of lenders, & pick up the phone & start calling. You're interviewing them to see if they are the best fit to be your partner in REI. For each one that says "no", ask them if they have a recommendation of someone that fits your needs.

As previously mentioned about non Fannie Mae/Freddie Mac lenders, I was told by numerous banks that I wouldn't be able to invest until 2022 after my short-sale of an out of state property. I've gotten two loans since then.

You can do this.  Best of luck!

Exactly.  Most months I take a portion of income from RE investment, & put that into a stock that pays a quarterly dividend.

As for the stocks vs RE investing comparisons, investing money into stocks is generally done with post tax money, where Real Estate invest in general is done with borrowed money.  I don't know of anyone that's got a loan from a bank to buy stocks.  You can buy stocks with Margin, however if the value of your portfolio goes down enough, the brokerage can liquidate your stock to get their funds back.  With Real Estate, the bank isn't going to come to collect because the property value has gone down.  Each investment has their own pros & cons.

Since moving to the city 8 years ago, my means of transportation has been public  transit.  We were a member of Zip car for about 6 years, which is pay by the hour usage ranging from $10 to $13 depending on the vehicle.   For out of state travel we'll use rental cars.  I don't even remember the last time that I looked at the price of fuel.