All Forum Posts by: Alex Larcheveque
Alex Larcheveque has started 5 posts and replied 77 times.
Post: Hello from the Inland Empire California
- Real Estate Agent
- Rancho Cucamonga, CA
- Posts 82
- Votes 35
Hey @Mario Chavez, would love to help! Shoot me a message.
Post: Best Cities/States for STR
- Real Estate Agent
- Rancho Cucamonga, CA
- Posts 82
- Votes 35
Quote from @Nessa Lyn:
Thanks, Alex,
I've done some research myself too, but I know there are different laws in each state too which can make str more/less ideal.
It's usually the counties/cities that have Airbnb laws, not the state.
Post: Question about cash buyers??
- Real Estate Agent
- Rancho Cucamonga, CA
- Posts 82
- Votes 35
Yes, do this! If you have an idea of what your cash buyers are looking for (ex: buyer only wants 3bed/2bath), you can narrow down your prospecting list to properties that meet this exact criteria. It'll save you marketing dollars, and you'll have a guaranteed buyer once you close a wholesale deal. Good luck!
Post: Making a triplex out of a single family house
- Real Estate Agent
- Rancho Cucamonga, CA
- Posts 82
- Votes 35
Look at local zoning laws and restrictions. In my area, you're allowed an ADU and a JADU, which can both be rented out. Good luck!
Post: Best Cities/States for STR
- Real Estate Agent
- Rancho Cucamonga, CA
- Posts 82
- Votes 35
The question is pretty general, but here's my advice:
Look at cities that have large attractions (national parks, vacation destination, etc.), type an active MLS listing address into Airdna.co, and you can see an estimated amount of what the property could make. If you purchase a pro account for Airdna.co, you can also see seasonality, and choose properties that have strong demand year-round.
Lastly, for choosing a property states don't matter as much as choosing the correct city.
Post: Purchasing a Property: The Key to Moving Quickly
- Real Estate Agent
- Rancho Cucamonga, CA
- Posts 82
- Votes 35
Yeah, your process is good to move quickly on a deal. In this market, properties are sitting on the market for longer, so speed isn't as stressed as it used to be.
Either way though, your bottleneck for speed of submitting an offer will be on the agent, not you. Paperwork takes time. Analyzing a property shouldn't take more than 2-3 hours max, unless it's a flip or something a little more involved.
Post: Super cute Home In Bertram, Texas that we Made a great profit on!
- Real Estate Agent
- Rancho Cucamonga, CA
- Posts 82
- Votes 35
Looks quaint! Nice work!
Post: What do your TENANTS really think?
- Real Estate Agent
- Rancho Cucamonga, CA
- Posts 82
- Votes 35
I have a few friends my age that believe in renting only. For them, it's damage control.
If they were to ever run into financial trouble, they don't have to worry about recurring costs of having a mortgage, insurance, taxes, etc. They would break the lease and walk scotch-free.
Post: Does propstream worth the money?
- Real Estate Agent
- Rancho Cucamonga, CA
- Posts 82
- Votes 35
@Chris Ha Yeah, it's pretty shady. DealMachine uses the same tactics as well.
What software do you use?
Post: Practice for evaluating deals
- Real Estate Agent
- Rancho Cucamonga, CA
- Posts 82
- Votes 35
Become a master at the Bigger Pockets calculators. Use both the "BRRR" and "Rental Property" ones, you'll get to know which deals are good/bad investments.