All Forum Posts by: Conner Olsen

What are your goals with MTR’s? How many do you have/want to scale too? 

What’s your avg cash flow on them? 

Looking to potentially expand into this space!

I am looking to connect with individuals or groups that have taken an 8+ multifamily apartment building and turned the units into MTRs. We are in the process of turning one of our units in our 12 unit apartment building into a MTR. I am looking to hear other peoples stories and strategies. Are you guys turning all the units into MTRs or just a few? Who has sublet to others to let them do the MTR strategy? If you are subletting, do you charge a premium on the the rent? What else would you like to share? 

There is another owner of a 8 unit building that is looking to do the same and we might be helping him get started as well. Trying to learn more before we jump in. Thanks in advance. 

I've listened to the podcast and the Medical Professional and target regions around hospitals seems to the do the trick. Jesse also talked about hitting up extended stays parking lot and finding Construction companies and calling them. 

Anyone have other target segments that would gain value for mid-term rentals? 

Looking to get into MTRs and don't have any currently. Are there any data sources you use to gauge demand? 

I pulled some reports from furnishedfinder and it's showing the 2 markets we are looking at (Castro valley, CA and North Kansas City MO) are in the top 1% of cities nationwide in their demand research. 

I also looked at the map and looked at the properties within the areas we're looking at and don't see any with current availability, all seem to be booked a few months out (2-4). 

What other research can and should we do before diving in?

Just curious, but when you're posting your MTRs, do you strictly keep to 30+ days or do you allow 1 week stays (or even weekends) as well to fill gaps?

Taylor

Hello, my long term girlfriend and I are breaking up (for reasons I don't want to get into here).  We currently live in a house-hack duplex, but we purchased it under her name so we could take advantage of a first time homebuyer program.  

Now that we are splitting up, she has no desire to continue living in the home and plans on selling.  I put in most of the work and manage the day to day of the AirBNB, and very much want to continue living in this house.  My question, is what is the best way to purchase this home from my soon to be ex-girlfriend?  It has appreciated by about $50k since purchasing and I'm happy to pay her full market value, but I'm wanting to do so in a way that minimizes transaction costs.  She has a sub 3% rate on the mortgage too, so if there is any way to transfer ownership to myself and keep that rate it would be ideal, but not 100% necessary, as I could afford the mortgage on a 5% interest rate.  

Any help is much appreciated, and happy to add more detail if needed.  

Hey guys, I’m 23 with my own business. Saved enough $ and now turning to RE for my path to financial freedom. I keep getting recommended to house hack but I just don’t know what that is exactly can you guys help explain it to me, thank you.

The popular news out IS on FHA approving the 40yr, but yes there is 40yr products out NOW, and from chatter I hear more on the way, for Investors. And it's not crazy interest either, all rather straight forward.

Once upon a time people had this same shock to the 30yr mortgage, 30yrs have not been the standard since the dawn of time, 1954 to be exact is when 30's became approved for existing homes.