All Forum Posts by: Noah Laker

 They do so against my professional advice, but if their CPAs are satisfied, that’s all I need to know! 

Ben nailed it. I'm a local broker and investor, and manage 100+ Airbnb properties for clients. Many of my clients are high W2 earners who are taking advantage of the "STR loophole." Very powerful strategy. Hope it goes well! Make sure you're working with a highly competent CPA!

Broker, investor, and property manager here. Always happy to connect!

Hey Jackson, I'm a broker and investor up in Sacramento and manage about 100 investment properties.

Multifamily all the way!

You'll get much more "bang for your buck," lower cost per key, and lower maintenance costs per unit. As an investor, I always recommend steering clear of SFR. You'll be competing on price with owner occupants who are not running the arithmetic like an investor, so you'll often end up overpaying and losing out on any potential cashflow.

I'm also 25, and it's great to see other young guys getting started and building wealth. 

Hey Rebecca, I'm a broker and investor up in Sacramento and manage about 100 investment properties (STR and LTR).

Many of my clients are high W2 earners seeking "bonus depreciation" to offset tax liability by investing in STR. Recommend talking to your CPA about this strategy.

As for the third target market, Sacramento is close to you, it's a state capitol, relatively inexpensive, two major universities, great local culture... I could go on all day! 

Best of luck on your journey!

Hey Rachelle, I'm a broker and investor up in Sacramento, and manage about 100 investment properties, almost all Airbnb / STR. There is so much free content out there that can teach you about guest services, software, vendor management, and so on.

Tahoe isn't ideal right now as the local community is vehemently anti-Airbnb and the permitting system is challenging to navigate. Sacramento metro by contrast is more friendly, and there are some areas we target here that do very well for STR. Recommend you take a look!

Hey Lauren, I'm a broker and investor up in Sacramento, and manage about 100 investment properties (mostly STR and LTR multifamily). Wishing you luck on your journey. We have a few markets we target outside of California, but obviously if you want to stay close to home, Sacramento would be an ideal choice. This market is growing rapidly, it's a state capitol, and we have two major universities. Highly recommend!

What's the rental value for the property? Will it pay the full PITI plus Capex, management fees, maintenance etc?

Why are you not amortizing over 30 years? Even with the balloon, this is more typical for owner finance. 

Thanks Alicia :)

The clients ultimately leased it to a company. Good deal for all. When we prepared the lease agreement, we were very explicit and essentially wrote it as a triple net. Good advice. 

I'm a broker and property manager in Sacramento with 100+ Airbnb properties in my portfolio. Today I had a new situation and obviously can't advise on tax/legal matters, but hoping to get some insight from the community.

Managing a property for a client who divorced her domestic partner last year. Now she wants to sell the property, which is solely in her name. It is an investment property, and does not meet the qualifications of being her/their primary. 

They bought the property together and the client wants to share the sale proceeds with the ex-partner. She suggested she might have to add the ex to title before closing. This sounds like an unnecessary and potentially problematic step. What's the best way to proceed? Would the Title company be able to sort this out without doing any title work?