All Forum Posts by: Conner Olsen

I got faith that my "BP Fam" can shed some light on this for me, so big thanks in advance. What are the factors other than the interest rate when choosing between a Heloc or a cash out refi?

Hello,

I used a portion of my HELOC a couple of years ago to invest in a property development. That property won't sell for another couple of years and I messed up and didn't lock in when rates were low and am now paying triple on the interest only payment. The HELOC is just under 9% now. I'm thinking of just waiting 2-3 years until that investment finally matures but at the same time have been considering getting at least one rental unit going as I still have the remainder of my HELOC I can use for a down payment. I don't know how I would get a rental unit in the Seattle area but maybe an out of state one might be more beginner friendly. Any advice is appreciated.

Hey Conner,

I'm new to Pricelabs and I don't see that feature or how to set it to MTR?  Looking 

at MTR in Savannah and looking for more data specific two midterms.

As a newbie passive real-estate investor currently living in Austin, TX. I am looking to buy a fairly new constructed investment property in and around Austin metro area. While evaluating potential investment properties these past few weeks, I have realized that the average rent in Austin is comparatively lower and due to high interest rates and property tax, the outcome is mostly negative cash flow.  Although my long term goal is appreciation in the value of the property, I am looking for an investment that either breaks even or has a positive cash flow in the short term. Here are some of the options I have been brainstorming

1. Is it better to buy a primary house with 5% down and stay for 2 years after which I can rent out (hoping rents increase by then) if not I can sell it and be and be exempt from taxes on capital gains.

2. BEAF(Break even appreciation focused)  properties

3. Look into other markets( San Antonio/ Houston/Dallas)

Any suggestions are greatly appreciated!

Hello!

I am in my First house hack in Austin Texas. I have two 12 month room leases and a mid term rental in an ADU.

I get MTR leads from Airbnb and do bookings through the airbnb platform.

I use apartments.com to manage my Long term tenants and collect rent.

What do I need to keep in mind for starting off on the right foot for book keeping?  

Any recommendations on software?

Recommendations on content to watch/read to learn the essentials as a beginner?

Any feedback would be greatly appreciated!  Thanks!

I read somewhere that Mashvisor and Furnished Finder were going to combine data at some point to help support MTR listings. That said, there needs to be a filtering of rent by the room and midterm rentals because I think they are often conflated and the rental pricing data is very different for the two sources. I think Airbnb is your best bet for cobbling together MTR pricing. 

Hi all,

What is a good estimate furnishing costs for a 3bd/3ba 1800 sq ft STR/MTR?
I’m budgeting about $1,500 per room, so $8,000-$8,500 to include the LR, DR, kitchen, and outdoor space. Is that a good estimate?

Interested to hear and gather datapoints from others. 

Thanks!

Hi, 

I have nice 3/2 house just outside of Birmingham in a great neighborhood. The ordinance requires 90 days or more to not fall within their short term rental ban. I have other medium term rentals in TX that tend to rent out for 90 days but I only require 30 days. My question is there typically enough demand for a 90 day minimum furnished rental to make it work?

I am new to REI. I am finding it really hard to house hack with mid term rentals in the Houston market. The neighborhoods close to the medical center area are not good neighborhoods. My family cannot live around there. I have a little bit of nest egg. Should I just buy a single family home(because I presently still rent) and just find other locations for mid term rentals?

Please help

New to mid term rentals and wondering if there is a way, or site to find out the demand by property type, bedrooms, location etc.   Looking for more data to fine tune property search.