All Forum Posts by: Martin Stocker

@Sheila Campbell

Hi! Tough spot. I'm by no means an expert also not being in the military I paid only fleeting attention to that podcast episode BUT the guy stressed that the VA loan is not limited to buying ONE property but to a max amount. If I remember correctly it is like with civilian house hacking, you have to occupy the property a certain amount of time, then, if you did not use the total max VA loan amount you can rent out your current house and buy a 2-4 unit place with the nice low down payment amount the VA loan allows, live in one unit and rent out the others so that your renters pay off the mortgage = house hacking.

Check also here veteransunited.com for more info.

Good luck.

@Damon Rucker

Congrats. I am a newbie and not a lawyer but if you after the fact/closing transfer the property into an LLC isn't there the potential danger to trigger a "due on sale clause". Of cause that would depend on the paperwork, the lender, if it was discussed before. You probably checked into that already.

If you feel the tenants are of the sort you want to keep I would move slowly with rent increases. On the other hand if you feel you'd be glad when they are gone then better now. Definitely introduce YOUR rules right from the get go. Best of luck.

@Michael Stokes

Jason Hartman has one of his many podcasts dedicated to STR, David Leroux who also wrote a book about it has a podcast about Airbnb.

Hi there! For Austin why don't you check out Scott Royal Smith's blog here to see how you like him. He is a local lawyer and a real estate investor himself. I have NOT used im YET but reading and listening to his advise he seems to be on top of things and most importantly he understands the real estate business. Good luck.