One caveat to this strategy is that you can’t live in a property that your IRA owns, nor can you rent it out to anyone else who may be considered a disqualified person like your spouse or child.Feel free to connect with me and send me a direct message if you want to learn more!

Lenders will want to see those funds deposited in a bank or other lending institution on one or two monthly statements.

@Brittney Yang first red flag is it doesn’t sound like he’s that interested in long term holds but the primary reason for partnership is expertise in renovation and secondary reason is balance sheet and income to help get financing.Regarding reason one, I would offer to compensate him for his time in assisting you and have a very clear scope of what that responsibility is.  

Most nearby cities are the same.Even in the Denver-adjacent cities that do allow non-owner occupied STRs, they vary widely -- some have caps on STRs, some cap the nights rentable as an STR, some cap the number of vacation rentals one owner can have, etc. etc.This is all to say, first know where you can do Airbnb, then start running numbers.

Next one is October 5thAt 8am if you can make it.

I successfully cohost 2 MTRs fully remotely - one in Richmond, VA, and another in Palm Springs, CA.

I hear about all these different markets and get excited, but I knew I needed to pick one.

I have heard the name of one of the founders mentioned in the past and they had a good reputation.

Hey Jerry - Tulsa and OKC are both booming markets and ones that drive the most demand in Oklahoma.

Every flip is like peeling back layers of an onion, but this one came with tears, sweat, and the occasional scream into the void.