All Forum Posts by: Jocelyn Kaufman

Hey Kalon, 

This is a thing. People have built big businesses off of renting places and using it as an Airbnb. This leaves the Airbnb host with less risk. One thing to keep in mind is that if people are coming in and out there is going to need to be more repairs. Or if a renter decides to throw a party it is damaging your property. 

In my opinion, you have three options... 

Option 1: Find a good long-term renter

Option 2: Let that person sublease it but raise the rent to cover possible damages and I would make sure they have insurance. Also, it wouldn't be a bad idea to put in the lease damages caused by renters and the subleasers' responsibility to fix. 

Option 3: Put it on Airbnb yourself. Depending on the home and location short-term rentals can make a lot of money and have great tax right-offs. If you have the time to manage it, it may be worth just doing it yourself. 

I hope this helps! Thank you :)

Hey Zach this is the question everyone is asking. I think it all depends on your real estate goals. If you are able to take that $250k tax-free it is worth looking into. You would have to weigh your options and look and see what is the best fit for you. I would advise looking into investing out of state and seeing if you can get into an apartment with a good cash flow or maybe even investing in an LP fund and being hands-off. It all depends on the current cash flow the property has and your end goals. I hope this helps!

Feel free to message me and I would love to talk though different ideas and bounce ideas off each other. 

Welcome! I just sent you a message. It is so exciting when you first step into the venture of real estate!!

I just sent you a message, would love to chat about helping you accomplish your real estate goals!

It looks like you have a lot of options here. I would do option B or C to continue to grow your portfolio. 

I think which one you chose all depends on if your current property will still cash flow after doing a cash-out REFI. If the property will cash flow then I would keep it and take out cash to invest. If the property won't cash flow after a refi then I would look into selling it. 

I sent your a DM and would love to talk with you more in-depth about this and bounce ideas off of each other. 

Hope this helps!

Every state is a little different and so you have to research your own but If you go to court you can send them to collections and they will have to pay it. 

I would look into a good eviction lawyer in your area and see what they say. 

I hope this helps!

Hey AJ, 

I remember when I was making this decision and there is a lot of information out there. 

I put all of my properties under their own LLC as I am purchasing them. If you are getting lending sometimes the lender won't allow you to do this but I always try and if they say I have to be on the loan, then I wait until right after closing and then put it in an LLC.

I hope this helps!

1 point down, 1 point a month, 1 point at closing. 

Also, have something in there about having to refi within 5 years or how ever long you choose. 

I would talk with your lender and see if you can both co-sign and how that would look. Then your lender can run the loan in each of your names and can tell you how it would be best.

Hey! It sounds like you are going to do great things in real estate. I like the idea of hard money loans but with interest rates today there is more risk involved. I would look for a property you can use traditional financing but still fix up. This way you have a locked interest rate. You can buy anything up to a fourplex and get away with only putting 5% down if you do it right.