All Forum Posts by: Jenn W.

@Omni Casey GREAT POST!! I love the positivity and great real life deal you shared that you are using to create a legacy for your family.

Thanks @Jeff Langley. I’ll shoot you a message

I'm looking to connect with someone very familiar with the investment/STR market in Colorado, specifically Summit County or an area near there that sees traffic year-round.

For now I’m seeking knowledge and information about the market and what to expect with a property. We’ve stayed in the area for the last 30 years but now ready to see it through the eyes of an investor.

Thank you for your help and advice in advance!

@Matthew Crivelli

Thank you for the feedback! 2 of the 4 units are long term rentals and bring in great rent. The other two will be short term. Think this helps the situation?

I recently purchased a great property with two separate duplexes. One duplex I'm using for long-term rentals, the other I'm renovating for short-term rentals. I got the property for 50k under asking with plans to do some much needed maintenance and also rehab one of the buildings. The plan is BRRR. My question is: will the short-term rentals affect me when I try to refinance? The long term rentals bring in great cashflow on their own, but initially my banker said they may want to see 12 months worth of rental income if something is rented as a short-term unit. Any experience with this scenario?

@Zane Clarke

After inspections I went back to the seller and negotiated 50k off the price which left room for the rehab and repairs needed.

I'm a new investor with with 6 doors as of now. In your experience what has been the most user friendly of the apps/software available today? I'm looking for screening/lease applications/payment and possibly communication with tenants through the app, as well as basic organization for each unit, etc. What's been the best, one-stop-shop for all of your tenant/property needs in your experience?

@Dmitriy Fomichenko

Is it a simple process to transfer the money within my market account to a Solo?

@Dmitriy Fomichenko @Taylor L.

Thank you. I’ve been diving into articles online and it seems like a daunting task but worth it. It’s my understanding that ALL purchases, repairs, etc. must also be made from the account and that rental income must go back into that account, is that correct? And that there are strict rules you must adhere to or else it sends up red flags?

Who here has personal experience setting up a Solo 401k or Roth 401k for Real Estate purchase?

Was the process and on-going record keeping a mess? Did you hire a firm or an expert for the process? Has it all been worthwhile?

I have a good chunk of money sitting in an account from a past W-2 job. I'm now self employed and have an LLC for my real estate investments. I'd honestly love to get that money out and use it for another purchase...