All Forum Posts by: Grant W. Wilson

@Jason Shine now that’s a whole different ballgame. I would advise to just pay the taxes in the event you can’t find a suitable replacement for the relinquished investment. Get with your lawyer, but maybe you could utilize special option period clauses & simultaneous closes to only sell your property if you found a suitable replacement?

Hey Emily! Congrats on starting your real estate investing journey. I started with my first property back in 2018, now we have 3! San Antonio is an awesome market for investors and actually led me to getting licensed last year. My team and I help connect investors with sellers of off-market deals. 

I think that's a reasonable cost to pay. Sometimes it can be well worth your while to pay an experienced professional and then shadow them while they perform the work so you can pick up on their knowledge. Afterwards you'll know if you feel confident enough to tackle that job yourself on the next project.

This looks like a great deal, my only questions would be:

1) Are you self-managing the property? Either way, it's great to still put in 10% for property management expense. If you are planning on self-managing, you can create your own LLC for this, then pay yourself the 10% fee & establish a W2 income stream from your rental portfolio.

2) How "conservative" are your numbers? I would suggest reducing your income numbers by 10%, increasing each expense by about 10% and then seeing what the model looks like. This will ensure you have adequate margin of safety & room for a positive surprise.

Hi Ibrahim, 

I'm a short-term rental investor in San Antonio, TX. This last month we launched our first vacation rental through AirBnB - our other rentals are long-terms. Compared to long-term rentals, short-term are much more hands-on, but much more lucrative at the same time. We've put a total of $190,000 into this property and are seeing monthly returns between $3,400-$4,000!

I would encourage investors who are interested in short-terms to think about the hospitality & managerial aspects of the business before diving in. We've found great apps that plug-in with our AirBnB booking calendar and allow routine processes like cleaning to be automated.

There's a great opportunity nationwide as platforms like AirBnB & VRBO are experiencing a shortage of hosts. During the pandemic, many landlords locked into long-term leases as lock-downs really dragged bookings down. Hosts that were able to weather the storm & stick it out are benefitting from this trend. We've posted 94% occupancy since we've been open.