All Forum Posts by: Aaron Breckenridge
Aaron Breckenridge has started 6 posts and replied 267 times.
Post: Louisville! How are you utilizing AI within your business?
- Technology
- Dallas, TX
- Posts 378
- Votes 239
@Rob Bergeron are you using a service to do this, or are you doing it manually?
Post: Seasoned Real Estate CPA Expert Answering all Questions on Investing Tax Strategy
- Technology
- Dallas, TX
- Posts 378
- Votes 239
Post: BiggerPockets mobile App?
- Technology
- Dallas, TX
- Posts 378
- Votes 239
It’s something we’re still investing time into researching, but that’s all I can say right now.
Post: Midterm Rentals in Dallas-Fort Worth
- Technology
- Dallas, TX
- Posts 378
- Votes 239
Quote from @Adrian Vann:
Picking this one back up: Dallas has restricted most short term rentals except for in certain areas as of this past summer. City of Dallas Short-Term Rentals code How is that impacting MTR in Dallas? Are you finding MTR to be increasingly competitive?
I have a 3/2.5 in Old Lake Highlands near White Rock Lake (~1 mile) that my family and I are living in as a primary residence, but I have been thinking about house hacking into another house and then doing a MTR on this 3/2.5. The house is valued at $745k or so, and we have about $300K equity in the home. I'm trying to figure out if I can get the consistency in MTR for the price I need to cover the mortgage. Doing a LTR would likely be a negative cash flow. I'd like to keep the house for long-term appreciation since it's in a good school district and has low crime. Would welcome anyone's thoughts!
@Adrian Vann why do you think the cashflow would be negative for an LTR in that neighborhood? I'm just north of the lake, thinking of doing the same, have about the same equity, and my estimates ($3500/mo) seem to cashflow a couple hundred a month. Only 2.14% CoC return though 😞
Post: paying down a 30 yr fixed mortgage
- Technology
- Dallas, TX
- Posts 378
- Votes 239
You'll make more putting that money in a savings account right now than you will save by making a large payment.
Post: BUY A FAMILY HOME or RENT
- Technology
- Dallas, TX
- Posts 378
- Votes 239
Quote from @Mohammad Parwez:
Just in case if you don't find a duplex, triplex or quadplex, look for a SFH with a decent basement that you can rent out.
That way you can house hack as well as enjoy living with your family in single family house.
Very unlikely you're going to find a basement in Austin.
Post: Why doesn’t BiggerPockets have a probate forum?
- Technology
- Dallas, TX
- Posts 378
- Votes 239
We'll look into it and get back to you soon.
Post: Profile Name Changed ?
- Technology
- Dallas, TX
- Posts 378
- Votes 239
It's under https://www.biggerpockets.com/settings/basics/info, but you'll need to contact support to change it: https://www.biggerpockets.com/contact.
Post: Government Shutdown and McCarthy Firing Likely Has Direct Impact on Mortgage Rates
- Technology
- Dallas, TX
- Posts 378
- Votes 239
Quote from @Chris Seveney:
@JD Martin
I saw a report today that last 3 years of economic data were off significantly and they revised them. They were off so much I think the number was chances of them being off this much was 1 in 4 billion. Basically saying it’s impossible with out data being manipulated
It’s gonna get a lot worse and people have no clue just thinking everything hunky dory and home values will continue to go up. Curious where all that money comes from when Congress balances a budget and rates are 8%.
@Chris Seveney got a link to that report?
Post: Central Oregon location option needed
- Technology
- Dallas, TX
- Posts 378
- Votes 239
Sure, added both. Go Lava Bears!