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All Forum Posts by: Michael Perreira

Michael Perreira has started 19 posts and replied 35 times.

Post: Mid-Term rental companies

Michael PerreiraPosted
  • Investor
  • Bakersfield, CA
  • Posts 37
  • Votes 25

I'm curious if anyone has built or has a list of companies that source Mid-Term Rental properties.  I know various insurance companies, gov't agencies, hospitals etc will source properties but was curious if anyone has built a list of the most prominent ones.  Looking to take our Mid-Term rentals from reactionary to proactive planning. 

Post: Self insured rental prop

Michael PerreiraPosted
  • Investor
  • Bakersfield, CA
  • Posts 37
  • Votes 25

With insurance companies canceling policies and raising rates has anyone uncovered a way to self insure rental properties?  

Post: Fractional ownership near Disneyland

Michael PerreiraPosted
  • Investor
  • Bakersfield, CA
  • Posts 37
  • Votes 25

Hello,  I'm curious if there is any fractional ownership opportunities close to Disneyland?  With Airbnb limited to those that have the limited licenses, we're in search of an opportunity to own a property and visit disney but not own it fully.   Pacaso has some nearby but not close enough to disney for us. 

Post: Insurance rates explosion

Michael PerreiraPosted
  • Investor
  • Bakersfield, CA
  • Posts 37
  • Votes 25

Since the increase in values the last few years and the recent hurricane our home owners insurance went up for regular and airbnb rental properties.  Any recommendations for insurance companies in North Charleston South Carolina area?

Post: Tax free retirement income strategy

Michael PerreiraPosted
  • Investor
  • Bakersfield, CA
  • Posts 37
  • Votes 25

Love the freedom that paid off reveals can bring; however, the taxes would be significant on paid off rentals, no?

Post: Tax free retirement income strategy

Michael PerreiraPosted
  • Investor
  • Bakersfield, CA
  • Posts 37
  • Votes 25

Hello,  just wanted to throw a strategy out there for tax free retirement income.  Refi ladder: for purpose of this posts we'll say we finish with 30 properties, all with 15 years of equity and payments on a 30yr note.   Does it make sense to cash out refi 1-2 properties a year to replace or take home income from our w2?  When I look at what I earn vs what we keep its drastically different,  and since I don't know what the tax rate will be in 30 years (I'm 40 yes old) or what state we'll be in,  I want a strategy to replace take home pay.  Cash out refi are free from income tax correct?

Post: Realtor specializes in STR

Michael PerreiraPosted
  • Investor
  • Bakersfield, CA
  • Posts 37
  • Votes 25

Hello, we are looking for someone with knowledge of the STR market in and around New Haven CT. Knowledge of the STR laws and regulations, trending areas, return on investment projections, etc.

Post: CPA and lawyer for vacation rental business

Michael PerreiraPosted
  • Investor
  • Bakersfield, CA
  • Posts 37
  • Votes 25

Hello, we have several Vacation rental properties and are starting to get requests to manager others. We are looking to start immediately but would like recommendations for CPAs and lawyers who are familiar with industry and writing up contracts on this topic. Any recommendations?

Post: How to set up partnership

Michael PerreiraPosted
  • Investor
  • Bakersfield, CA
  • Posts 37
  • Votes 25

My partner and I have a third person that is interested in joining us in a vacation rental property. It will be broken up like so: Myself and Partner 50%, 50% for other partner.  It will be our first deal with a third party and want to make sure we are set up properly.

Post: Creative financing to acquire investment property.

Michael PerreiraPosted
  • Investor
  • Bakersfield, CA
  • Posts 37
  • Votes 25

Does anyone have experience using existing properties as leverage/lien in order to acquire a new property? I understand I could cash out refi but with time lines extended, banks tightening standards on cash out, and our need for a faster solution I’d rather put the property, which has significant equity, down as the leverage for a new loan for purchasing a new property.

We have a rent roll option with 25% down at 7% interest

Hard money at 8% but only for 6 month time frame.

We’d like a more competitive option that uses existing assets rather than typical credit standards.