All Forum Posts by: Jay Hurst

Hi All,

I am a newbie on Condo Hotel investments. I have come across investing in a resort that is being built from the ground up. Can anyone advise what sort of important details I should be looking into so I don't get caught up with regretting the purchase? I know I should be looking at HOA and all property management fees, Location, buy laws, sales contract. But, this is not a standing property as of yet and it is supposed to have many amenities. It is supposed to be a 5 star hotel. What sought of details should I look into in this type of prospective investment? Thank you kindly.

Do anyone know lenders that do dscr refi loans that's under a 100k 

Does any one know a lender that will do a dscr refinance loans that's under under 100k

Why do you say that?

Quote from @Jay Hurst:

Quote from @Ben Miller:

What is the best way to transfer 30yr fixed loan to an LLC after closing without triggering due payment clause?

The issue I see with most borrowers who are concerned about making sure their property is in a LLC is that they do not do all the things that are required to do for the LLC to offer any protection. They comingle funds, the funds used to buy the house in the first place where not business funds, they often do not even pay the state franchise taxes, do not have the correct formation docs and it goes on and on. Get enough insurance coverage, it will be easier and more effective.

I think this is the sticking point. Yes there can be a barrier if you have an LLC and it can keep your personal name off a simple property search, but for it to actually hold up in a lawsuit you need to be fully committed. Nothing personal should touch the property operations at all. You should probably even have a separate email where you sign as the Manager and not yourself. Your LLC is an operator, you personally have a passive ownership interest and that’s it. You’re threading the needle if you want your corporate veil to hold up, so be 100% in or 100% out. 

What is the best way to transfer 30yr fixed loan to an LLC after closing without triggering due payment clause?

I am looking at a property which used to be a motel in past, now converted to multifamily in Langley Oklahoma, close to Grand Lake Cherokee. It currently remodeled into 1 3bd/2ba, 3 1bd/1ba and 2 studios and 1 cabin, total 7 all at one place and fully remodeled and tenants in place priced at $550k.

Seller is willing to reduce the price to $485k, but county assessor fair cash value shows as $404k. Can we base our negotiation based off county fair cash value or is it just for property taxes. 

Also, any input in regards to how the rental market is in Langley area around Grand Lake Cherokee. Does it get busy during summer times, so that I can convert cabin to a short term rental.

Any help is appreciated!

I’m currently planning how to best scale a family real estate portfolio and would really appreciate learning from investors who’ve done this successfully.

Here’s our current situation:

• I personally own two rental properties with mortgages.

• My parent owns two properties that are completely paid off.

• Together, we want to leverage the equity in all four properties (through HELOCs or cash-out refinances) to buy more rentals and build out a larger portfolio.

• Our primary goal is growth — not just holding what we have, but using these assets as a springboard to acquire more doors over time.

• Long-term, I would handle all operations and decision-making, and my parent would receive passive income without having to be involved in day-to-day business.

Where I’d love advice from this community is on structure and timing — especially if entity setup becomes essential for securing financing and scaling efficiently:

• Would you recommend first leveraging equity through personal HELOCs and contributing those funds to an LLC — or is it smarter to set up the entity first and structure financing from there?

• For those of you who’ve built family partnerships, how did you handle ownership splits when one person is the active manager and the other is more passive? Did you use gradual gifting, installment sales, or another strategy to transfer ownership over time?

• What’s been your experience getting HELOCs or investment loans once properties are transferred into an LLC?If banks were hesitant, did you personally guarantee the loan and then document a loan to your LLC with a promissory note?

• At what point in your scaling journey did you find that having a formal entity (LLC, LP, or trust) became non-negotiable for both protection and ease of growing your portfolio?

• Lastly, are there any structures or steps you wish you had set up earlier when scaling family-owned assets into a larger real estate business?

I’d really appreciate hearing lessons learned, strategies that worked (or didn’t), and any advice for those of us looking to grow from small family holdings into a serious, scalable portfolio.

So long story short, my wife and I along with our two boys (ages 10 and 7) are planning on moving to Pittsburgh. Who knew? Anyway, my sister will be following us out there and our intent is to find a 3-bedroom home initially to rent while we look for a suitable, smallish multifamily property—we are thinking a duplex… preferably something like a 3 bedroom by two-bedroom sort of situation.

We'd like to initially rent in or near the neighborhood we eventually purchase in, and we can't purchase until 2026 because we're going for an FHA loan and have heard about the rule where you can't get an FHA if you have lived in a self-owned property within the last three years… anyway its complicated and not important I think.

I am hoping some people familiar with the area could help point my family to the right neighborhood to help focus our search… and to let me know if I am nuts if I think I can do this well with a purchase budget of 350 to 450k. We are not opposed to purchasing a property that needs renovation but are not interested in a complete overhaul. If things go well, I would like to acquire additional properties in the area to expand what is currently a baby portfolio consisting of a single condo in Denver ☺.

Our neighborhood musts are:

• good walkability (we hate driving… and people hate when I drive… I think because I am blind)

Good schools for the kids.

• Proximity to green space and parks
• Low crime… I mean some crime, obviously… just not that much. 
• - It'd be nice to be near a decent Jujitsu academy... 
• Many thanks for any advice on this upcoming adventure of ours!