All Forum Posts by: Joshua Messinger

Hey @Benji Klassen! 

Don't let higher interest rates scare you away from locking in that next unit! You should be able to find great deals no matter if we are in a recession, or in calm waters. But, tread carefully when getting into your next deal on the financing/analytical side to make sure things make sense cashflow wise, especially with interest rates rising you should plan for rates to continue to rise so you can be ready for what's to come. 

If you have any more questions please don't hesitate to reach out and ask - I'd love to connect more! 

Best of wishes,

Josh

Hey @Pat Jackson! 

I don't believe you will be able to count the STR income as income for the property as you will usually need 2 years of renting the unit prior as an STR before you can show the income. But, I am not an appraiser and am not sure if it would or wouldn't count on their side, so I would double-check with one that you may consider using in the future to value your apartment.

I hope this helped and if you have any more questions don't hesitate to reach out! 

Best of wishes,

Josh 

Hey @Greg Cook! 

You should be able to rent either way! As the purpose of a vacation rental loan is to rent it out you can go either way with it! 

Hope this helps, and if you have any more questions don't hesitate to reach out! 

All the best,

Josh

Hey @Daniel Muscarella! 

@Chad McMahan had quoted a great one from @Bruce Woodruff. Don't let bad news deceive you especially when it is coming from a consumer. I would ask yourself from this bad news you've heard how can you improve your business to be better than these other ones? 

If you have any other questions please don't hesitate to reach out! 

Best of wishes,

Josh Messinger

 Love the plan! Let's connect more!

Hey @William Bowers! 

The real question should be - do you want control over your investments or do you want to put your faith and confidence into another person/company? 

When investing with companies like Grant Cardone's you will not have the choice over your investments and you will be relying 100% on their company for everything.

I hope this helped you clear up some of your thoughts, and if you need anything else please don't hesitate to reach out! 

Live Free,

Josh

Hey @Samuel Brooks! 

Why not try to self-manage if it is only one unit and outsource cleaning to a cleaning company? 

Would love to talk more and help you get through your current situation! 

Live Free,

Josh

Hey @David P.! 

@Nathan Gesner, and @Jay Hinrichs answered this one perfectly. You are no longer in the landlord business but you are in the hospitality business. You will need to create different systems, outsource processes that you don't want too handle, and overall have to manage everything actively when first getting started.

It can be more rewarding to get into the STR industry if you can get your systems/processes down. But, I would ask yourself before jumping into it that it's something you are interested in doing.

If you have any more questions please don't hesitate to reach out! 

Best of wishes,

Josh

Love this thread, and can't explain how valuable this information is! 

Thank you everyone for taking the time to post! @Scott Trench @Chris Mason @Bruce D. Kowal @Denver McClure

@Greg Scott hit this one right on! 

There is a massive difference and depending on their lease you may not have to go through the eviction process. 

Please don't hesitate to reach out if you ever need anything @Eric Stalter! 

Cheers,

Josh