All Forum Posts by: Clay L.

@Jeff Purl

Amazon and Antique/Thrift shops.

Be sure not to just throw furniture in a room and call it good. If you put a level of thought and effort into the function and style of each room you’ll offer a better experience and reap better reviews which equates to more $$$$$$.

@Edwin Williams My 2 airbnbs in the Rocky Mountain foothills are still booked every weekend. Only now it’s mainly Denver people looking for a new place to quarantine for a few day and at a slightly lower rate. Nonetheless, the bills are still being covered during the pandemic! I will certainly be holding steady through the tough time ahead.

https://twitter.com/transscribe/status/1240518986988687360?s=21

Enjoy :)

Hey BP, I'll try to make this brief and explain my situation. I know I need to make a move but have been frozen for a year trying to decide. Here goes.

I'm a 33 year old guy, single, live in Aurora Colorado (just across the Denver line). I'm a consultant who travels 50% and works from home 50% so I can live wherever I want. I earn around 140k from this job. I'm 1099 with only 1 year income to show currently. Made similar money at previous W2 job. This could potentially factor into getting loans.

I own a primary residence in Aurora (valued around 300k, owe 150k). The place is very small and I used to house hack and had a roommate but got tired of it because the place is so small, now living alone.

I also own an investment property that I airbnb in the mountains 1 hour away (valued around 340k, owe 240k). The airbnb brings in on average $2,250 per month net income after all expenses and mortgage paid. This property is fairly hands on and requires around 4 hours per week of messaging guests, updating pricing, buying supplies + 1-2 visits per month to deliver supplies and property manage.

I enjoy Colorado but am not bound to it. Again, I can live anywhere. I at least would want to be in a city with a decent airport.

I know there are a million variables regarding my real estate/financial goals, etc, but I'm just looking to see what others would do. I'm curious what creative strategies people would use to maximize their assets in a similar situation.

To recap:

My primary residence is worth $300k, with $150k equity. This home would rent for $1600 per month easy, mortgage is $1,000.

My investment property airbnb is worth $340k with $100k equity. $2250 average cash flow per month. The airbnb is very hands on and requires 1-2 visits per month to keep in good shape, also it's often difficult to find people to help out high up in mountains.

I have considered selling everything and cashing out and moving to another city where I can buy a home in cash (near a decent airport). I then accomplish a goal of owning a home free and clear but I then tie up all my cash in one property. I want to be conservative but probably not that conservative.

I change my mind everyday on what I want to do but maybe some of the brilliant minds here can spark an idea that I will be confident to move forward with! Thanks in advance for sharing your knowledge.

@Pat Jackson I haven't moved from Colorado yet so I'm still going up once a month or so! 

Hi all, I'm visiting Houston Texas on Tues/Wed next week 2/13/18 and 2/14/18 and am interested in meeting up with an agent to discuss the local market. I am coming to observe the area and see if it's somewhere I can see myself moving to. I work from home 50% and travel 50% and will be looking at neighborhoods around 15 minutes commute from IAH. Please let me know if you have any recommendations of quality and experienced agents in the area.

Thanks,

Clayton

@Brian Wilson Thanks for your reply. I'm interested in both options.

For SF, max out around $175k

For MF, max out around $235k

Your local knowledge is much appreciated!

Hey guys,

I'm a young professional who works from home 50% and travels 50%. Looking to cash out on my Denver CO home this summer and find a new landing spot in a city with somewhat affordable real estate and a decent airport. I would be house hacking, preferably having a finished basement with bathroom for my renter to live in.

I am considering Kansas City as an option and want to know what neighborhoods the locals would recommend that are within 20 minutes-ish or so commute of the airport. Looking to see what is already established and what is on the way up:

Are any neighborhoods popping with a nice restaurant/brewery/coffee scene?

What neighborhoods are not quite there yet but in the path of progress?

I plan to come out and visit soon once I get some more intel from the local experts on the ground.

Thanks!

@Leo Morales In my situation I'm in a mountain community and bought there knowing no one. I found my house keeper for the first year by posting on Craigslist and interviewing (she actually lived next door). The next house keeper I found was my snowplowers wife. You'll gradually get to know people in the area and every new person I meet I find out what skill-sets they have and save them in my phone just in case. For my housekeeper I'm considering adding an extra $20 per clean for her to do the extra attention to detail and light maintenance things (change light bulbs, update 4 digit code on door every 3 months etc,spot clean upholstery/carpets, etc). That would add an extra $180 or so per month to her.

@Jennifer Slaughter The property is in Idaho Springs area. I am considering selling this home as well hence the Airbnb long distance question that I will be debating. It would include the listing with 120 5 star reviews and processes/procedures already in place (housekeeper and maintenance folks all in place). Plus you get 15 hours consulting from me! :)