All Forum Posts by: Mason DeJarnett

Has anyone recently had a tenant apply for the Healthy at Home Eviction fund in KY? Have an application “ready for review” since April 1st wondering what lead time is.

@Joe Splitrock I logged in to apartments.com and show a “renter” view and none of my properties. Is there a back door login or something? I can still log into Cozy ok..

@John Smeltzer I’m starting to look, yes. We’ve studied Florida a ton and I can’t justify it because it feels too crowded- HHI doesn’t seem as volatile but I assume risk in all. My biggest regret was not buying in FL in 08- so am preparing for where to focus when (if) market takes another dip. If found cash flow now for the right area I believe we would act on it - mainly to also give our family somewhere to go more regularly. As several posts have suggested- returns could be better elsewhere - but that lifestyle is worth the smaller return IMO

@Jaime Bisbey pick your market and narrow down from there. I started close (and still am) to home with all. Sit down with other investors in your market and learn from their mistakes. I had a good friend who owned a rental or two who was willing to partner with me- having someone else has been my favorite part about the journey. For instance- I’ve been home bound due to recovering from a surgery and he’s covered my tail for a month now. When he goes out of town or has needs- I cover his. Maybe there’s an experienced investor in your community who is willing to do the same for your first one or two- just a thought. I highly recommend you looking at multi family- probably a duplex with the money you have.

In short- pick your market, pick a partner, and start!

@Jason Muth we have two units in Paducah KY that had an incredible year. It was a roller coaster though. A few months completely empty, and then BOOM. We wound up renting one of them for a year to hedge the risk- and the other has zero bookings for next year. We don’t rent far in advance- it’s all a few weeks out at most so it’s hard to predict.

We have strategically done these in a triplex with one unit being long term to give us cash flow to pay the bills and I’m glad we did- needed it March-May. So now we have two “long term” and are hoping things continue to bear forward- so much so we are looking for a multi unit similar.

@Spencer Carpenter awesome post. And I’ll tell you after touching over 65 doors (mostly rentals, several flips) you can still mess up, go over budget, and miss things. My business partner and I talk often about how much we learn on each project only to feel at times we know little. Keep taking notes and truly learning and you’ll do great. Love the tenacity and willingness to share.

@John Smeltzer did you wind up with anything? Any tips from your research?

@Ron Williams can you speak to the out of state tax comment Mike makes above?

@Erik Romzek What have you learned in your research thus far? I’ve studied vacation markets mainly in FL and never have been able to make cash flow/risk make sense. HHI is a family favorite- so getting ready to start down this road myself.

@Brittany Peters awesome! We love the lake area and have been looking there as well.

I’ll work on this a little more soon- in the mean time if you wanted to chat via zoom or grab coffee DM! Be happy to talk through it