All Forum Posts by: Aaron Daniel

@Aaron Daniel - Also, realizing I didn’t make this clear, but for all saying it is a bad idea, I wouldn’t not do this secretly/without letting the the landlord/apartment complex know. I plan to ask around to different complexes if they allow it, and would obtain written consent before signing any type of lease.

@Allen Duan - thanks man. I really am looking for some extra cash flow to start. One can make a killing during months of October (Formula 1 race in Austin and Austin City Limits music festival) as well as March (South by Southwest). Also, people tend to come visit Austin in generally due to all the attractions.

If I could even reap $1K profit monthly I'd be very pleased. Make extra +$12k a year and gain experience as a host. This seems like a good entry point as opposed to coming up with 30% down payment for a non-owner occupied SFR.

Planning to try my hand at Airbnb arbitrage. I have never owned or been a host/landlord and am itching to get in the business. Due to limited capital I’m planning to give Airbnb arbitrage a go.

The strategy is to sign a long term lease at an apartment complex that allows their units to be rented as Airbnb’s. I’ve read in Austin this can be legally done by obtaining a license and in fact know a guy who does it.

Curious if anyone has given this strategy a go? Any pointers for a newbie?

Thanks,

AD

Hi BP, 

I am meeting with 2 private lenders next week to fund my first deal! It will be used for a rental property investment. I intend to use $60,000 for the down payment with a conventional investment loan, and $15,000 for repairs/updates. Any ideas on how I can structure this loan at a fair-beneficial offering for all parties and/or pay it back?

Looking forward to any advice given. 

Most sincerely, 

Aaron

What's up BP? 

I am curious if anyone has a grasp on where the "hotspots" in North Texas are for cash flowing rental properties? Any input would be greatly appreciated. 

Thank you, 
Aaron

@Matt M. Thanks Matt, glad to hear you were able to secure the other deal that fell in your lap. I guess the source that will have the ultimate answer is the lender, so I’ll get to asking!

Thank you for the response and input! 

Best, 
Aaron

Thank you for the response, the private lending option is one that interests me. I was reading about it last night actually in the book on rental property investing. Any chance you'd be able to put me in touch with some private lenders in the Dallas area? 

Thanks again, 

Aaron

@Ross Bowman Yes, experiencing the same thing honestly. Like others have said I would believe it has to do with the social media algorithms catering to the personal users interest. I also think though we are in a super hot/peak market so there are more and more gurus trying to hop on the latest trends. These markets are not really making sense to me. We’ve been in this pandemic almost a year now but the stock market and RE market have been off the charts.

What's up BP??

I am looking to buy my first absentee landlord rental property with a conventional loan by early June. I currently live in an apartment and my lease is up in August. My Fiancé and I have also been talking about moving into our first primary "home" in August. 

My question is: 

All capital aside needed to secure the down payments, is it likely I can secure 2 loans within 2 months even though I have never purchased a home? I would intend to purchase the rental property in June with a 20%-30% down conventional loan, then the property in August (hopefully small multi-family) with an FHA loan and 3.5% down. Thoughts on plausibility I can obtain these loans?

Thank you!

Aaron