All Forum Posts by: Sino U.

Quote from @Reed Rickenbach:

What market are you referencing? I'd underwrite the deal as any other - make sure you are conformable with the quality & tenant base. It can be a positive for short term rentals (if in a good area) to be near the airport. It can also be an absolutely awful area. Depends on the city & airport. 

Referring to Austin market  

In search of lender for house hack in Austin area. Would appreciate if you could recommend any good lenders that you have worked with in the past. Thanks!

Quote from @Aristotle Kumpis:

Hey Sino. I own a few rentals near the Memphis international airport. It's a huge FedEx hub. Not sure if my tenants work there or not. But as long as its not directly in the flight path, it will be okay.

 Thanks for replying Aristotle. When you say as long as its not directly in flight path, meaning - when plane flies over the house? :) 

Hi everyone! I recently came across a property near the international airport that seems to have good cash flow potential. I'm curious to hear from those who have invested in airport-adjacent properties for the long term — how has your experience been? Also, for anyone who considered it but chose not to proceed, what made you decide against it? I'd really appreciate hearing both the pros and cons of investing in properties near airports.

Happy New Year, everyone!

I wanted to get your input on a potential investment opportunity I've come across in San Antonio, TX. It's a multifamily property in a good neighborhood with three units and a total of four bedrooms and three bathrooms. The breakdown is as follows:

• 2 bed / 1 bath
• 1 bed / 1 bath
• 1 bed (studio) / 1 bath

The property was previously rented out for a combined total of $3,400 per month. However, the studio unit was only rented for $800, which is affecting the overall cash flow. When I run the numbers based on these rents, the property operates at a negative cash flow.

If I increase the studio's rent to $1,400 per month, the property becomes cash-flow positive. My idea to achieve this is to convert the studio into a short-term rental.

I’m trying to determine if I’m forcing this deal to work by relying on the short-term rental strategy or if it’s a reasonable approach given the numbers. Would love to hear your thoughts on whether pursuing this adjustment makes sense or if I should reconsider.

For reference, I’ve included the following assumptions in my calculations:

• 5% for maintenance
• 3.5% for vacancy
• 10% for capital expenditures and management fees
  
  Thanks!

Quote from @Pat Aboukhaled:

I have had really great feedback about Dominique Leal. Very responsive and great market knowledge! I can PM you his information. We have sent over a few referrals to him and they have given us great feedback when we asked how their experience has been.

 Thanks a lot Pat! 

Quote from @Dennis Bragg:

Hi Sino,
I saw your post and thought I’d echo what others have said about Dominique Leal. His name keeps poppin up with great feedback... Like @Pat Aboukhaled already mentioned, he’s extremely responsive and has excellent market knowledge. That’s the kind of agent you want in your corner, especially in a competitive market like San Antonio.

While I haven’t worked with him directly, I’ve spoken with an investor friend who did. They mentioned how Dom helped them narrow down neighborhoods for a multi-family purchase and even flagged potential zoning issues before they made an offer. That kind of attention to detail can save a lot of headaches.

Are you focusing on multi-family properties in SA only, or are you also exploring other opportunities elsewhere? I’d be happy to share some insights or connect you with more resources.

Hi Dennis! Thanks so much for your thorough reply. Yeah I have been back and forth thinking a lot and now it’s time to take an action.  I will be moving to Austin myself in two years, since Austin market is quite dried up, thinking of investing in SA as OOS. Happy to connect ! 

Hi. Would love to connect with local RE agents and have an idea of the market situation in SA. Much love. 

If you were to have 60K capital ready to deploy and wanted to get into STR where would you look for properties?

Quote from @Shawn Mcenteer:

House Hacking locally in a state that literally has one of the worst reputations for landlords is how my wife and I got to financial freedom.  I live in New Jersey and invest in New Jersey. When first starting out we almost pulled the trigger with out of state investing, looking back and running the numbers of what it could have been compared to what it is today no way we would be anywhere near what we have right now had we decided to invest out of state.  House hacking in the market you live in is such an unfair advantage that compounds in ways you will not believe. 

mind if I ask where you guys investing in NJ? Is it Newark area? I can not do house hacking now, given that I have my own SFH where I live with my family. Maybe you and I should connect and see maybe I can learn a thing or two about NJ areas :)