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All Forum Posts by: Matt Smith

Matt Smith has started 116 posts and replied 148 times.

Post: Best condo-hotel in the US?

Matt SmithPosted
  • San Francisco, CA
  • Posts 161
  • Votes 26

I am looking for the nest condo-hotel in the US to invest in and maximize both ROI and cash flow.

Typically I like the one that are in resort-type with a golf course. 

Any recommendation?

Post: Miami - where to invest?

Matt SmithPosted
  • San Francisco, CA
  • Posts 161
  • Votes 26

I am planning to invest in Miami/Miami Beach for a condo and then rent it as a short-term rental (VRBO or Airbnb). Since it is very regulated there, I am targeting condo-hotels. Any specific building you would recommend to maximize cash flow and ROI? Thank you!

Post: Maui VRBO/Airbnb: Taxes on top?

Matt SmithPosted
  • San Francisco, CA
  • Posts 161
  • Votes 26

I am wondering whether there is an option to charge for the two taxes that exit in Maui (GET and TAT) on top of the nightly rate? I believe it is only possible to add a flat fee for cleaning but not a tax % to collect it from the renters.

Post: Condo in Maui allowing Airbnb?

Matt SmithPosted
  • San Francisco, CA
  • Posts 161
  • Votes 26

I am planning to buy a property in Maui to rent it as a short-term rental property. Not all condos allow it.

Any suggestion on the condo building names that do allow it? Thank you!

Post: Buying a forest as an investment?

Matt SmithPosted
  • San Francisco, CA
  • Posts 161
  • Votes 26

How about buying a forest as an investment? Is it good or bad?

I am interested in cash flow meaning the forest would have a resource to generate annual profit (wood to cut, farm, etc.). Any advice?

Post: Miami vs. Cancun: which one is best?

Matt SmithPosted
  • San Francisco, CA
  • Posts 161
  • Votes 26

I am planning to invest in a short-term rental in Cancun or Miami and list it on Airbnb (or have it as a condo-hotel within a hotel and have them manage it directly).

Is Miami or Cancun best to maximize profitability? 

Is Airbnb legal there?

Post: Short-term rentals investment in Las Vegas

Matt SmithPosted
  • San Francisco, CA
  • Posts 161
  • Votes 26

Do you have any recommendation on properties to invest in Las Vegas to do short-term rentals like Airbnb?

I am looking for a realtor in Las Vegas who could show me some properties in Las Vegas to do short-term rentals investments. Any recommendation?

Post: IRS Code 10 Rejection = No loan???

Matt SmithPosted
  • San Francisco, CA
  • Posts 161
  • Votes 26

I am applying for a loan and my lender asked the IRS for my transcript. I believe they used the form 4506T. However, the IRS replied to them that they cannot provide the transfer due to a "code 10 rejection". I googled it and it appears I may have had issues with identity theft. Apparently I need to call the IRS, but no one replied me after 2 hours on the phone.

- Will I be able to get a loan even though this is NOT resolved with the IRS?

- When the IRS picks up the phone, will this be resolved on the spot?

- Any suggestion on how to proceed?

Thank you!

Details: https://www.advcredit.com/linked_docs/IRS%20Code%2...

Post: Condo-hotel in Las Vegas where Airbnb is legal?

Matt SmithPosted
  • San Francisco, CA
  • Posts 161
  • Votes 26

I am looking for Airbnb condo-hotels in Las Vegas where Airbnb is legal all year. Do you have recommendations?

Post: How to search for this type of resort investment

Matt SmithPosted
  • San Francisco, CA
  • Posts 161
  • Votes 26

I am looking for a specific type of property to buy. Can you please let me know where I can find such investment? Criteria:

- Anywhere in the US

- Resort or Condo-hotel

- 2 Bedroom/2 bath including a lock unit with 2 separate main entrances. The 2Bed/2 baths then become a two 1 bedroom 1 bath (with only one of the unit with a kitchen, the second one being more like a hotel room).

That would be great if you could recommend some specific places. Also, how could I find such item in the MLS or other real estate sites? I have not seen the locker option, resort as a search criteria.