All Forum Posts by: Tyler Ferguson

 @Jordan Moorhead Thank you for the insight, Devin has some suggestions and tools I am looking into as well!

Thanks everyone really appreciate it

Hello!

I am in my First house hack in Austin Texas. I have two 12 month room leases and a mid term rental in an ADU.

I get MTR leads from Airbnb and do bookings through the airbnb platform.

I use apartments.com to manage my Long term tenants and collect rent.

What do I need to keep in mind for starting off on the right foot for book keeping?

Any recommendations on software?

Recommendations on content to watch/read to learn the essentials as a beginner?

Any feedback would be greatly appreciated! Thanks!

Hello!

I am in my First house hack in Austin Texas. I have two 12 month room leases and a mid term rental in an ADU.

I get MTR leads from Airbnb and do bookings through the airbnb platform.

I use apartments.com to manage my Long term tenants and collect rent.

What do I need to keep in mind for starting off on the right foot for book keeping?  

Any recommendations on software?

Recommendations on content to watch/read to learn the essentials as a beginner?

Any feedback would be greatly appreciated!  Thanks!

 Hey Ryan,

The course is from Sam wegert .  Yep, thanks for confirmation on the standard concession limitations.  Just wanting to make sure my understanding is correct and that the case he speaks of in the course seems very edge case and likely a negotiated deal outside of the closing with the lender.  

Thanks for the input!!

Thanks for the input!!

Hello!

I am looking to house hack a single family home through Coliving and renting out bedrooms.

I took a course on this and one of the main strategies pushed is using seller concessions towards renovations of a property to add bedrooms and bathrooms even when using a conventional mortgage. He wouldn't go into details on how he structures this unless you paid for his 10,000$ course on how this is structured.

Does anyone have thoughts on how to do this? My understanding is typically seller concessions can only go towards closing costs or buying down the rate. I am thinking maybe there is an agreement structured for payment after the deal is closed?

Thanks for any input

Hello!

I took a course and one of the main strategies pushed is using seller concessions towards renovations of a property even when using a conventional mortgage.  He wouldn't go into details unless you paid for his 10,000$ course on how this is structured.

Does anyone have thoughts on how to do this?  My understanding is typically seller concessions can only go towards closing costs or buying down the rate.  I am thinking maybe there is an agreement structured for payment after the deal is closed?

Thanks for any input

 Have you seen more demand for rent by the room in certain areas of Austin vs others?