All Forum Posts by: Jeff Piscioniere

@Lorraine Patterson the benefit that immediately comes to mind is a huge savings on cleaning services that I otherwise would have been paying had I had the usual 8-10 turn overs per month. Others have made very viable points though.

@Ryan Kawash yes Superhost status on AirBNB has turned into a joke really. I never saw any particular benefit. You get a barely visible corny looking medal next to your name and supposedly a Superhost only customer service number which in the past I’ve sat on hold longer than I did on the standard customer service line. Sure, people can put Superhost as a search parameter but if your place is good enough it’s like everyone else mentioned, it’s about the reviews.

@Greg Scott so conventional loan vs what exactly? And thanks for that 6 month seasoning item. That I did not know nor do I think my partners did.

Hi BP Community,

My partners and I are looking to pull out equity of our investment property to move on to our next purchase. Shortly after we purchased two and a half years ago we did a quit claim from the mortgage in one of the 3 partner's name to our LLC. If we do a refi can we do it under the LLC's name or does the deed need to be switched back to that partner's name as his wife is suggesting? As stated, we closed on the property in August of 2018.

Thank you in advance!

Probably just my CT/New England mindset, but of the 3 big reasons to buy investment properties (cashflow, mortgage pay down, price appreciation), price appreciation is a distant 3rd place, ESPECIALLY as you say, if rent rates are not keeping pace with these price appreciations. This has the same dangerous bubble written all over it we saw back in 2004-2007. I say this jokingly, but half serous too, might as well take a peak at which Canadian weed stocks Reddit is pumping today.

Granted, Columbus and the Midwest as a whole have a much brighter future than the has-been, high tax, one-party, poor economy cities and states of the northeast, but a lower growth rate would make me feel more comfortable on consistency.

@Brandon Sturgill, I wish you and the area nothing but the best because nothing pleases me more than seeing a part of the country deemed by the hoity-toity types as fly over country explode back on the scene. It’s a great American story! Just seems to be getting too white hot right now.

@Andrew R. Your kids are still pretty young and it sounds like you’ll be out of here in 3 years. As a parent I would never not encourage looking for the best school districts but you’re going to pay out of the wazoo in towns like that. If you’re out of CT before your oldest hits the 3rd grade then maybe the very top schools can be skirted a bit. With that said, I own a multi in Torrington which is certainly doable on your budget and should knock your $100/door out of the park! Not so sure if you can do Torrington to Hartford in 30 but it’s a pretty drive. Lol. Just be prepared to be taxed to death here in CT questioning what you get for it all. Welcome to the Northeast!

@Andrew Carlson I love your idea! Be an expert as a beginner.

@Hayden Wright I was of the same thought process as @Andrew Carlson! I think an incredible idea is simply the concept of a podcast where you literally are sitting in your first calculus class with only a knowledge of adding, subtracting, multiplication, and division. Be that kid in the class who wants to know the absolute basics of the new skill and ask those simple questions. The target guests could just be investors who have just recently gotten their feet wet. Imagine they are beaming with pride and probably want nothing more than to talk about it. They aren’t looking for much in return aside from the bragging rights that they can say they were on a podcast! Hey and think out if the box too! You’re from TX. They like BBQ in Texas. Maybe have a little fun and end your podcast with a recipe at the end!

Now you’ve sparked my curiosity. How in the world does the average person start a podcast from the technical aspect? I would have no clue where to begin.

@Chelsea Ziss I hope my partner @Diana T. Sees your comment about Toledo. Thank you! We are considering that market.

@Tonye Jack we have not made any determination on what city yet.