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All Forum Posts by: Jonah Slove

Jonah Slove has started 15 posts and replied 60 times.

Post: Building our team

Jonah Slove
Posted
  • Posts 64
  • Votes 47
Quote from @Kenny Hall:

@Jonah Slove Indy is a great spot to expand your portfolio! I’d be happy to run rental rates and help analyze neighborhoods for you. Indy can be very street to street instead of zip to zip. Happy to connect you with some solid agents and contractors too. Would love to connect!


 Thanks Kenny. I would love to hear your thoughts on our exit strategy as well as recommendations for agents and contractors.

Post: Building our team

Jonah Slove
Posted
  • Posts 64
  • Votes 47
Quote from @Gloria N Gear:

Hi Jonah,  I would love to join your team.  Indianapolis is a great place to invest.  Happy to hop on a call with you to discuss.  I have been an OOS agent for 8 years and am an investor myself.  For wholesalers, there are 5 major wholesalers in town (and hundreds of mom & pop wholesalers).  Simple Wholesaling is my favorite - Terry Young is who you need to talk to.  For lenders, start with @Jared Shore Mamba mortgage - he can help with both DSCR and HML. Contractors - I have few I can recommend, but that is a rotating industry - if you find a good one, hold on to him and keep him busy. I also have lists of property managers, inspectors, title companies, etc. I will PM you my info so we can get in touch.


 Thanks Gloria! Just signed up on your calendar :)

Post: Building our team

Jonah Slove
Posted
  • Posts 64
  • Votes 47

Hey y'all! My partner and I are highly considering Indianapolis for our next market. Between the two of us we have 15+ doors, mostly in ID and UT. We are looking to build our team and scale!

We are currently looking for few agents, wholesalers, DSCR lenders, hard money lenders and contractors! Please reach out to connect and discuss if we are a good fit!

Post: Recommendations on Self Directed IRA's

Jonah Slove
Posted
  • Posts 64
  • Votes 47
Quote from @Amir Khan:
Quote from @Jonah Slove:

I am also looking for custodial services. Can someone please help point me in the right direction to convert an inherited traditional IRA into a SDIRA?

 Hey @Jonah Slove, I work with several SDIRA custodians. Please DM me what exactly you are looking for and I'll do a warm introduction to the best custodian that matches your needs...


 Great, sent you a message. Thanks!

Post: Recommendations on Self Directed IRA's

Jonah Slove
Posted
  • Posts 64
  • Votes 47

I am also looking for custodial services. Can someone please help point me in the right direction to convert an inherited traditional IRA into a SDIRA?

Post: Recommended Agents in the Indianapolis Market

Jonah Slove
Posted
  • Posts 64
  • Votes 47

I am also looking to connect with an agent who #1 has experience and a team for rehab projects, and #2 has a steady source of off market properties. My partner and I are ready to scale our portfolio.

Post: Grand Teton STR

Jonah Slove
Posted
  • Posts 64
  • Votes 47
Quote from @Tom S.:

@Jonah Slove As mentioned above, assuming zoning allows it, do you have water / sewer / septic for these 6 cabins?  I own property in VT and looked at a similar project in the past.  In particular if septic systems, VT was pretty strict on the locations so do your research for your state.

I personally couldn't find too many construction lenders and it would be easier to use a HELOC from a different property to get started, so keep that in mind as a possibly.

Sounds like a cool concept and good luck!


Zoning allows. We are applying for a CUP and rezone but it is going DOWN in density. I am working with a team of planners and engineers- we will have to be on city utilities but all that is being taken into consideration. HELOC is a great idea and how I imagine putting in the improvements for the residential lots to sell.

Post: Grand Teton STR

Jonah Slove
Posted
  • Posts 64
  • Votes 47
Quote from @Michael Baum:

Hey @Jonah Slove, so a few things. Tiny homes and many manufactured homes are not considered real property so loans on those will not be mortgages but you might look at a SBA small business loan.

I am assuming the zoning will allow this kind of operation. I would be concerned with the sale of the other lots. I know that I wouldn't really want to be next to a small working farm and that is coming from someone who grew up in rural Idaho and worked farms as a teen. 


 Thanks for the input. This is the last phase of a development project so there are residential homes and lots all around. The site is also next to trails, open spaces, and a community pond. It is all intentionally designed and the farm is looked at as an asset by the neighborhood.

Post: Grand Teton STR

Jonah Slove
Posted
  • Posts 64
  • Votes 47

Hi all,

I recently purchased the 12 acre farm I run in Victor, ID. We are 40 min from Jackson Hole and Grand Teton National Park. I am working on a small development where I will sell a handful of residential lots, but I am also allowed to build 6 or so cabins for rentals as part of my farm and agritourism. It is a small scale diversified organic farm - mostly veggies and flowers. Think farmers market stand.

I am new to STR, as we only have LTRs. I would love some ideas for how to incorporate the farm into the rental experience. I am also looking for some ideas/directions for what to build that will provide the best rental performance and return. It is very expensive to build out here so I have also started looking at tiny houses and manufactured options.

I am also curious about funding. I think a construction loan and then refinanced into a DSCR loan? Maybe a business loan?

Post: In the Smokies, size matters

Jonah Slove
Posted
  • Posts 64
  • Votes 47

This is helpful as I am trying to decide which direction to go.

I now own 12 acres in Victor, ID. 40 minutes from Jackson Hole and Grand Teton. I run a small organic farm and I can build 6 "cabins" for agritourism. I am trying to decide what size will perform the best and have the best ROI.