All Forum Posts by: Jeff Langley

I think this is a more complex topic than some lead to believe. For example, Breckinridge has been in discussions to grandfather str’s, but only for 2 years. So even grandfathering isn’t always “safe” . As for other areas, hoa’s can put a stop to even the friendliest of states, such as Arizona. I’d rather going into a place that has current restrictions or rural, because i feel there will be less surprises. 

I've been doing lots of research in that area and unless you're near the ski area, a lot of people do a blended model, STR in summer and LTR in winter.

Hi @Jenn W.. I’m a Colorado native and would be happy to help. 

@Joshua Zdunich it's fairly simple, You'll want to find a DSCR(debt service income ratio) loan. There are lots out there and range from 4-7% rates depending On buy downs and a few other things but no W2 needed.

Much appreciated feedback. The difference in cash flow will be around $200. Maybe i am looking too hard at the long run and not realizing there is a good chance I’ll modify the loan well before the 30 year mark.  

Hi all, 

I'm in the process of acquiring my first rental property and I'm struggling to determine which route to go. Do I put 15% down or 20% down? The biggest difference is the interest rate, 5.35% vs 4.25%. Neither will have mortgage insurance, although it's probably tied into the higher rate. Do I tie up more capital for the lower rate since these will be long-term plays, or do I put less money down to free up more transactions? I'd love to hear your insight. Thanks!

@Ryan Zamora I’m open to anything. I can’t be on the mortgage because I’m not bankable from a conventional standpoint. So how can i provide funds to him then?

Hi all, thanks in advance! 

The problem: My partner and I are purchasing 4 residential income properties. He is taking on the 4 conventional loans because he is bankable, and i am currently not since i got laid off from my w2 job. 

My ask: How do we go about splitting the funding after closing. Yes, we will have an operating agreement but essentially how can I pay him my portion of the 25% down payment(12.5% each)? He does have an LLC and I'm not sure how to avoid any tax implications or whatever may come if i just pay him $100k. Any suggestions?

I’ve searched around but it seems to be a “grey area”. 

Thanks!