All Forum Posts by: Alex Zemianek

Plus... we do plan on offering support across the country, so I might as well not limit myself due to a simple license.

Hey everyone! Thanks so much for the input. There's nothing that states that I do or don't, so it's still a gray area here. I can't call other vacation rental management companies because there aren't any to my knowledge which is why I started managing my own 4 years ago and it quickly turned into a scalable business. I met with a broker today that wants me to manage hers, so I decided to just get it to be proactive in case it poses an issue in the future. Thanks again!

Hello! I own a real estate development and vacation rental business in STL , MO, and I know Missouri requires you to obtain a RE license when launching a property management company, but does anyone know of a way around that for "Vacation Rental Management" or do the same rules apply??? I currently own and manage 6 of my own in STL and plan to expand into "Host management" for other owners/host that I network with in and outside of STL. I've ran my company for 8 years without a license finding, funding, flipping, or renting my own, so i'd prefer not to, but if I need to it's not the end of the world.. Thanks!

Thanks for the post Peter.. I checked into a cash out refi 1st, and I wouldn't get much out because most banks won't go above 65%(on multifamily investment properties), so it would give me some, but i'm not sure it's even worth changing my interest rate, etc.. Other investors that I network with have advised that I sell it, take the income and reinvest into a larger multifamily. I currently run my investment business on the side while working full time for AT&T as a Regional manager, so my goal is to leave AT&T in the near future, so i'm trying to replace that income or make a move like this while i'm still backed by a W2. Thoughts?

Hello! I'm looking for advice on my next move. I currently own 2 multifamily properties and 2 single family homes in STL. My two family cash flows around 700 a month, so it's an excellent income property, and I got extremely lucky and picked it up before the crash in 2011, so it's appreciated around 90K in the last 3 years, so i'm sitting on a total of about 90-100K in equity, so my question to experienced investors is whether or not you advise selling this property to take the equity, and use as a downpayment on a larger multifamily. My 1st thought was to borrow against it, but lenders won't go above 60% on HELOC's(for multifamily non primary), and 70% on cash out refi's. I'm happy with how it's performing, but this could also be a nice down payment on two more or a larger property...Any suggestions??