All Forum Posts by: Julia Allred

I would also be interested in meet ups. Keep me posted if these are going on, thanks.

@Richard Agee Thank you for that input! What would you say is a more realistic CoC when looking at hotels, also the property I was looking at had an owner that was in personal distress, so was selling at a lower rate than I think would be normal for what the property was bringing in. To be honest my biggest concern with that property was where the contracts for the extended stay guests was coming from, because, it seemed to be in an out of the way area that didn't really have much in the way of tourist attractions.

@Alex Hamilton I am interested in more info. please email me at [email protected] 

Thanks

Dang I missed this one, but my daughter had her school program that night. Please keep posting when these events are happening so that I can hopefully catch more of them.  Thanks

@Chris Draper if you still haven't found an agent you really click with try Cory Koerner with Keller Williams he is very very good and has done investing himself.

@Michael Plante thank you for that input. Have you done much with hotels yourself? What position in a hotel do you think would be the most beneficial to get started and get the feel of how everything is done? 

Thanks

So dohardmoney.com is from Utah? I have heard nothing about them but I am now interested to know if anyone has had experience. So when they reached out to you were they saying they lend everywhere in the country or did they have restrictions? Also did they offer decent rates? Let me know what you find out, I am based out of Utah and I am just beginning to learn about the different things available as well as still fairly new to all of this.

@Stephanie Clark I know a lot of HOA's are restrictive, but if allowed for your home you may be able to try the short term rentals by renting out by the room instead of the whole house while you remain living in it. While you do that you can use @Chris Jensen's ideas about the HELOC, or if you really want out of the house just sell and move on.

Oh this is fantastic, thank you for responding @Jimmy Klein and @Omar Khan. To start with I need to know what to look for when analyzing the property that will tell me any red flags. We have been looking at several and some appear to have up to 60% Cash on Cash returns with debt service on the property, is this realistic or an anomaly? @Jimmy Klein why is this asset the hardest to manage and understand? Also what kind of inspections should be done during due diligence? I know I will have way more questions, but these are my primary ones for now. Thank you again and in advance.

Does anyone have any experience with Hotels?