All Forum Posts by: Rory Cox

Hi BP, My wife and I are looking to start investing in Vacation Homes that we can AirBNB for a profit the majority of the year. Just found a Historic Property in my hometown of VA but it's zoned commercial (which is a way to circumvent lame Airbnb laws in area) but this excludes us from using the local lender who only lends for residential properties.
Anyone have a recommendation for a lender who does commercial loans in Virginia?  Open to variety of options to help get the deal done. Thanks for any help!
 

Great question! Wondering the same. 

How difficult, costly and long does it take to become an agent? 

Great analysis and approach! Thank you @Allen Wu

Interesting @Justin Phillips is this an automated system one sets up? 

Great insights & advice. Thank you both!

What are some thoughts on saving cash flow vs paying off mortgage faster?

Spoke with an older investor today who likes paying off mortgage faster. But could be bc he's been in the game so long he has excess cash flow (got started in 1976 in SF). He also doesn’t sell, he just rents out units. 

Do you like to use extra cash flow to put towards other investments or pay down mortgage faster? 

Looking forward to learning from a variety of perspectives on this topic.

thanks as always!

Hello Again BP Community!

Recently started analyzing properties using the Rental Calculator, which I love. While ultimately we plan to try multi family units outside SF. We’d like to try a house hack on a 2-4 unit here locally.

Do “house hacks” have any other metrics to consider, since we’d be able to pay a large portion of mortgage? Also,should we expect anything different in loan packages?

Lastly, we own a business with 3 locations here in SF that we intend to start scaling around US. We want to buy commercial & small mix use buildings as our current commercial rents in SF can cover hefty mortgages which our biz model can comfortably withstand (especially in areas with lower minimum wages/taxes,etc). Is there a way to best analyze properties considering this unique scenario?  

Thanks as always for the time, consideration and guidance.

Rory 

Thanks for the replies! What do “votes” mean exactly? 

Hello BP Community. This is my first post, but possibly my most important one. 

My wife & I own a small business in San Francisco, Ca with multiple locations. We’ve had a variety of terrible CPAs in the past. And while our current CPA is not terrible, he’s virtually inaccessible (never responds to our emails & never gets us filed on time). 
As we near the beginning of our Real Estate Investment journey, we’d like to be prepared & equipped with a knowledgeable (and accessible) CPA who can help us with maximize our Business & Real Estate Investments while minimizing our tax liabilities. 

We also plan to setup our businesses & real estate properties in a variety of separate LLCs (not registered in CA; Wyoming, Nevada preferred) so we’d also welcome a solid attorney who can help us protect our assets! 

Thank you for your time, consideration and suggestions!