All Forum Posts by: Kingston Yi

Self directed IRA's can be used for investing into homes...so I've heard. I have a 401(k) that I'm currently looking to use for my next property and would love to move that into a SDIRA towards an investment. How does this work and what are some key strategies for this?

my brokers all told me 10.9-11% for HELOC's and so i called Navy Federal CU and they quoted me at 9% with a $700 fee for the loan, that's really competitive so I went with the CU.

Brokers are good at getting a bank account loan, based on existing funds if you don't want them to pull credit/income verification

So I have 3 STR (3.5%) that are avg $60,000 annually in gross rentals and want to scale but w/interest rates higher, I don't want to cash out refi...any thoughts on how to leverage these assets to purchase 4,5,6 property's?

Do you pay 2 different mortgages with either one?

Most airbnb locations have their highs & lows, what do you do to keep a consistent occupancy rate during low seasons and how much is pricing a factor?

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $578,000
Cash invested: $100,000

3 Bed 2 Bath Cabin in the mountains

What made you interested in investing in this type of deal?

Airbnb and Cash on Cash returns

How did you find this deal and how did you negotiate it?

driving by, sellers were present and said the deal fell out of escrow, encouraged me to make an offer

How did you finance this deal?

20% down, conventional loan at 4.5% investment property

How did you add value to the deal?

Small upgrades, front/back decks

What was the outcome?

STR avg 4500/month

Lessons learned? Challenges?

Management of STR listing on airbnb, keeping up with competition, financial changes

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

self agent