All Forum Posts by: Jason Rhodewalt

Hi Matt how has it been going with Stessa? I'm tempted to make the jump from Relay Fi where I get 0% but those ACH/debit card limits are almost comical. I wonder if anyone has talked to them about raising those?

I was considering relayfi too, until I did the math and realized how much interest I was losing out on. ACH limits can be raised to $6,000/day and $25,000/month if you ask them.

RelayFi now has a 1% savings account but that’s not too exciting. I still use RelayFi because they can do bill pay with checks and have strong auto transfer rules. If Stessa gets bill pay with checks I may consider moving there

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My understanding is that Sacramento County does not have any cap - I used to raise rents as the market adjusted. I'm not an expert or anything but I would guess that you're fine.

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Sacramento, California

@Marky Suazo I appreciate you sharing - great story. Sounds like it was pretty simple. Can I ask what area of Memphis were you able to find something on the MLS that sold for under list? That seems pretty rare these days - especially for tenanted and nearly making the 1% rule.

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Memphis, Tennessee

@Jody Greenberg - thanks for the quick response. I was comparing KBKG and DIYCostSeg... I'm thinking about KBKG just because they seem bigger and I was referred to them. I do like that DIYCostSeg allows changes after the fact... KBKG is clear that they do not allow those changes without buying a second report.

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Hey @Jody Greenberg I was looking into these as well. Did you hear back from DIYCostSeg on the numbers and why they were so high?

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Hi @Bahman Ghashghaei welcome to the club! There is an informal meetup group meeting this Thursday at 6pm at Out Of Bounds brewery in Folsom. It's a casual hang out group to discuss real estate investing. Hopefully you can make it

1 Vote

Sacramento, California

Quote from @Alicia Sierra:

Quote from @Tom Niehoff:

STL guy here, happy to talk with you about areas that you are interested in. STL is tricky, can vary wildy over a short distance. We'll be investing in LTR's here in STL shortly, but our first investment was a STR in Florida utilizing a vacation home loan. We plan to diversify with LTR's in the STL area.

This is so true - that's why we are not 'algorithm friendly' in the city.
There are a lot of nuances - by block, location and house qualities that hike or destroy value in a unique STL way. Same thing applies to the rent rates. I find that the relocated renters will pay a super premium for certain qualities and amenities.

What qualities or amenities do you feel like renters will pay a super premium for?

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Saint Louis, Missouri

Ha... well then I should probably question that ocean front building someone just tried to sell me

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Saint Louis, Missouri

@Kyle Eckert thanks for your thoughts. Your description of the West End (very different from Central West End) aligns with what I'm seeing. We just went under contract on a 24 unit just a couple blocks north of Del Mar. The drive by test "feels" good and the proximity to the university and the Del Mar loop make me optimistic. Also nearby the big Del Mar Divine investment so seems like there is a lot of money going into that area. I'm hoping this translates into strong rent demand/growth in the next few years.

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Saint Louis, Missouri

All Forum Posts by: Jason Rhodewalt

Jason Rhodewalt has started 10 posts and replied 99 times.

Post: Stessa--new cash management feature

Post: Stessa--new cash management feature

Post: New Lease Rental Question

Post: A brief walkthrough my third deal

Post: DIY cost segregation question

Post: DIY cost segregation question

Post: Like to network? Sacramento

Post: Small Commercial Multifamily

Post: Small Commercial Multifamily

Post: Small Commercial Multifamily