All Forum Posts by: Lauren Lockett
Lauren Lockett has started 5 posts and replied 52 times.
Post: Down Payment Funding
- New to Real Estate
- Grand Prairie, TX
- Posts 53
- Votes 30
Quote from @Jay Hinrichs:
Quote from @Ashley Price:
I can see if we can get you funded. We fund in 3 days, rates as low as 5%, terms are 3,5,7 years with no prepayment penalty. Let's connect
these terms are not real.. OP be careful of upfront money and getting taken advantage of.
If you don't mind my asking, what is OP? I saw it mentioned a few times in the thread
Post: Aircover vs. Proper
- New to Real Estate
- Grand Prairie, TX
- Posts 53
- Votes 30
I'm currently looking for an STR policy as well. I'd get a quote from Steadily as mentioned, but Thimble is another one I read about in an AirDNA article. Hope it helps!
Post: Homeowners Insurance Quotes
- New to Real Estate
- Grand Prairie, TX
- Posts 53
- Votes 30
I've never heard of Kin, but I too am in the market for short term rental insurance. I currently have a homeowners plan with Allstate and plan on asking them if they have something like a short term rental rider plan that I can add in addition to my current plan. On Instagram, I came across Waivo and Steadily. I'd try those 2 as well! Good luck!
Post: I fired dynamic pricing today
- New to Real Estate
- Grand Prairie, TX
- Posts 53
- Votes 30
What a great discussion!
If you don't mind me asking, @Collin Hays and @John Underwood
What methods do you use without dynamic pricing? Do you look up competitor rates? Do you have experience and know the cycles of your market so you know the best price? Just curious, since I'm currently having my STR designed and furnished and my next step was to sign up for dynamic pricing.
Post: How can I help STR investors and learn at the same time?
- New to Real Estate
- Grand Prairie, TX
- Posts 53
- Votes 30
These are amazing ideas and what's great is your meetups would be a great place to ask these questions as well! I was watching a Youtube video by Rob Abasolo that you may like to consider called "How I'd make $10,000/month on Airbnb if I lost everything and had to start over". Some ideas were being a virtual assistant for hosts and co-hosting.
Post: This ONE Change Can Boost Your Airbnb Ranking
- New to Real Estate
- Grand Prairie, TX
- Posts 53
- Votes 30
Thanks so much for sharing! This is crazy insightful!
Post: STR Wealth Con Recap - Thank you Nashville, TN!
- New to Real Estate
- Grand Prairie, TX
- Posts 53
- Votes 30
Thanks for sharing your recap! I think I'll add that to my 2025 calendar to attend!
Post: Short term rental (preferably beachfront condo) investment PCB
- New to Real Estate
- Grand Prairie, TX
- Posts 53
- Votes 30
Adam,
I'm trying, but unable to tag a realtor from the Short Term Shop @January Johnson. I'm unfamiliar with all the spots in Florida, but I remember her from the Short Term Investor bootcamp and she may be a great resource! Good luck!
Post: Adding a playground for my Airbnb
- New to Real Estate
- Grand Prairie, TX
- Posts 53
- Votes 30
Hey Joel,
I've seen that same playset on Sam's and think that's such a cool idea. I don't have any experience, but thought as a mom of 2 boys and avid traveller, it's something I'd appreciate when we travel. Good luck and happy closing!
Post: STR Loophole- Huge return for me
- New to Real Estate
- Grand Prairie, TX
- Posts 53
- Votes 30
Quote from @Desiree L.:
I have to give a shout out to Bigger Pockets! I am a regular listener to the Bigger Pockets podcasts when I am doing chores around my house and my STR property. A few months ago, I was listening to a podcast (I think it was one of David Green's, but I don't remember which one.) He had a female CPA on who talked about the benefits of an STR Loophole for those of us who have W2 income as a way to take deductions that are normally not permissable when the tax payer makes a certain amount of income. I had a huge amount of expenses in 2022- pool, new windows and doors, that I was unable to use as deductions because of my W2 income.
After hearing about this STR Loophole, I reached out to my tax preparer to see if she was aware of this. She was not. She contacted the IRS to learn more. She just amended my 2022 taxes and I am getting a very large 5 figure refund from the IRS. I have another reason to thank Bigger Pockets for my financial well being.
That's so cool! Congrats on your return and cheers for looking into it!