All Forum Posts by: Jason Regan

The short term shop helped me buy my Airbnb in Kissimmee and I met Avery and Luke at BP con.  They all have amazing knowledge and Avery and Luke and super nice and down to earth.  Even offered to buy me a drink :)

Oh that's a hard one and probably needs a loan officer to really figure this one out. A few things I do know. You can put a second home loan in an LLC when you buy, it has to be in the personal name of the person getting the loan. You can then sub it into an LLC after the fact but do have the chance of getting the loan called out as the home was "sold". I hear this rarely happens but have only done this once so my personal experience isn't there. I would probably have one person buy the property on the loan and then sub it into the LLC with all of you, just know the risk of the note being called due. On another note when it comes to partnership you need to clearly define everything.

How much money is being put in by each

Ownership percentages (equity and cashflow)

Who does what (guest communication, cleanings, upgrade decisions, supplies, etc)

If you don't have clearly defined roles the you get I thought (insert name) did that or relationship issues if you think someone isn't pulling their weight.  For example someone may have less of a % because they want passive income and don't want to do any of the work.

@Timothy Allen

That's a great way to think . The rates yesterday were 6.5 to 7. So you would be starting a new mortgage with probably double the interest rates. That's why I like HELOC now. Yes they tend to be variable rates the one I used before was a much lower rate.

Im also buying in the smokies right now.  I just talked to my loan officer and today blew up the rates, but they expect it to normalize and then come back down in 3-5 years.  My cabin I'm buying will still cash flow well based on my numbers, but the refi down the line will make it even better.  Also, don't forget rental rates tend to increase each year, you have a tax write off, and a fun cabin to visit.  If the numbers work I say stick with it, if they don't then you move on.  Our world is all about the numbers

Thanks for this amazing information.  I heard Rob talking about this on his latest video.  He did say they will be cracking down on permitting.  I think other areas will follow

This is what I am constantly trying to figure out.  Airbnb just changed their entire site set up and algorithm so i am still working on that.  This site started as a more affordable alternative to  hotels.  Many good things were mentioned on how tog et better rank such as reviews and such.  Another factor is affordability, if you are considered a good deal I believe you get a push.  My strategy is to offer a good price on mine and make it an amazing experience so I can get to super host quickly and get pushed up the rankings.  I am a few stays away on Airbnb and VRBO so keep your fingers for me crossed!

Hey @Zack Eastwood that is awesome. I am also ramping up to do something like that. I know many investors that would do that if you are able to make it passive for them and get the a 20% COC return. I am not doing it now as I don't feel I have the clout. I only own one rental now, but am buying 2 more this year. If I can show I can run three properties profitable then people are more likely to trust me with an investment. I also got into Robmob for the learning and stamp on my Resume.

I am pivoting a little but the same thing goes for Real Estate Agents when im looking for STR properties. I only work with you f you actually own in the area your selling. You need to believe and understand the product and market you are in!

A would talk to @Luke Carl crew. I bought my first STR through them and they really help you set up. They have the people who specialize in finding them and the knowledge to help you begin your adventure.

Im following because I would love to hear too.  I self manage and plan to always, but am always intersted in learning.  Tanisha.  Why are you looking for a property manager?