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All Forum Posts by: Landon Moore

Landon Moore has started 12 posts and replied 58 times.

Post: 1 Property, 3 Casitas... a good Airbnb?

Landon MoorePosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 58
  • Votes 44

@Reilly Carpenter
Not a bad idea. My wife and I own a 4/2 home and a guesthouse for AirBnB. Agree with what @Marc Rice says above. The 1-2 bed studios perform outstanding in terms of occupancy. The one thing I would consider is the kitchen situation in each. Most of our guests enjoy cooking. Perhaps place a couple gas grills in the common areas. Outdoor dining, with cool bistro lighting. Hot tub? YOu could probably pick up a hot tub for $3k and have it paid for in your first month with all three properties. Just some thoughts. 

Make sure to not only register each individual property with the city, but also apply for your TPT license for each property address. Doing so ahead of time will save you the headache of a late application.

Post: Recommendations for handy man or contractors

Landon MoorePosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 58
  • Votes 44

PM me, I have just the guy for you, I can't put numbers on the forum

Post: Short Term Rentals are the answer to post-pandemic travel

Landon MoorePosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 58
  • Votes 44

Great article @Sebastian Giraldo!

New to the STR space, recently picked up a SFR with guest house in the backyard. Started taking reservations two weeks ago and we are completely booked through mid-September. That is in arguably the worst of the Phoenix, AZ weather with temps in the mid 110+. No sporting events, concerts really happening. Success thus far over here!

Post: How Fast Can You Refinance?

Landon MoorePosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 58
  • Votes 44

@Brandon C.
Great question and there is a strategy that is employed by seasoned BRRRR'rs haha. Called Delayed Financing.Check out @Chris Levarek website discussing the stategy at 

https://www.valkeregroup.com/blog/delayed-financing

He give a great explanation of how to employee it. Additionally check out the BP Podcast 301 with @Alexander Felice where he discusses how quick he can process a BRRRR. This would be a great start.

Post: Alternative to House Hacking?

Landon MoorePosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 58
  • Votes 44

@Kyle Parcell Great questions. 

I too live in the Phoenix area. I moved here two years ago and purchased my first home. Fast forward two years to today, I completed a cash out refi, and now I am using that as a down payment on our next property. I have tenants moving in starting September to the house.

The next house has a guesthouse in the back that I am AirBnB'ing. The owners already switched me over to the account and I have multiple bookings past closing date. So my only recommendation would be to make what you are living in be a non-emotional decisoin and plan on making that a rental. Then keep going. and eventually you will find yourself in a position where you can be more prepared for opportunity. 

Good luck and have fun!

Post: Hard money loan help please!

Landon MoorePosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 58
  • Votes 44

@Anthony DeMichael Where are you looking?

That shouldn't be a problem whatsoever. I wouldn't be surprised if where you are located if you call around to local HML they can guide you. I would call a few, not just simply one. In North I would call Ron Saulnier & Patick Stoy with MC mortgage they are able to explain and help ya understand! Good luck!

Post: Found $873K, need help investing it

Landon MoorePosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 58
  • Votes 44

YES!

Post: Property Managers in Phoenix, AZ

Landon MoorePosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 58
  • Votes 44

Hello @Eden Yoon.
I have met a few stellar PM's throughout the valley recently. My suggestion is to call and interview each of them for your type of property needs. You will get a great sense of who you want managing it based on that initial reaction and what they offer. Good luck!

Post: CPA Recommendations in Phoenix

Landon MoorePosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 58
  • Votes 44

@Mike Dmuchoski Do you have the contact information for Tim Walch?

Post: First Investment Property... and First Panic.. Please help!

Landon MoorePosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 58
  • Votes 44

@Caryn Luethe  

Many condos from that era use "Gypcrete" on the floor. It is used because its lighter than concrete, has a fire rating, and provides some acoustical benefits. And its cheaper.

It can be patched with many products, including most self-leveling compounds. Cracking in these floors is quite common around here in older condos.

Since laminate flooring "floats", the sub-floor can be somewhat imperfect. Read the install guide for the flooring product you're considering for specific information on flatness, patching, etc.

I'd break free any loose pieces with a scraper or similar and fill in the floor. The most common product is called "Fixall" - it traditionally comes as a powder that you mix with water and apply with a trowel. There are also pre-mixed versions of it (and/or similar products) but they are probably more expensive so it depends on how large of an area you are dealing with.

Basically, if it's loose or sticks above the surface, break it free and fill in the gap left behind. I'd use a strong shop-vac to get a somewhat clean surface prior to filling in the gaps (after chipping away the imperfections).

A laminate floor is pretty "forgiving" meaning it will take up some imperfections better than tile, wood or sheet vinyl.

Preparing the surface is nothing difficult at all.... just spend some time and it will come out fine.