All Forum Posts by: Eric C.
Eric C. has started 13 posts and replied 197 times.
Post: Better rental return in central Denver -- 1br or 2br condo?
- Investor
- Grand Junction, CO
- Posts 207
- Votes 201
Where do you find travel nurse tenants?
Post: Airbnb 1099 and Schedule C
- Investor
- Grand Junction, CO
- Posts 207
- Votes 201
My question is the 7, or 30 day average....is that by property, or all properties?
Post: 401K or HELOC for ~$50 to invest in rental purchase?
- Investor
- Grand Junction, CO
- Posts 207
- Votes 201
Can that be done against an IRA as well?
Post: What would you do in my position!?
- Investor
- Grand Junction, CO
- Posts 207
- Votes 201
I was in a similar situation with not showing enough income, which affected my DTI (I actually had no debt) but just closed in a duplex today. Lender was able to count rental income on my primary PLUS rental from the other half of the duplex. PM me and I can give you my lender's contact.
Post: The Coming Death of Airbnb
- Investor
- Grand Junction, CO
- Posts 207
- Votes 201
Originally posted by @Jason Reed:
Finally, to the uneducated person from South Carolina, I am not in Canada, and we are much more advanced in Minnesota than you may know, and I am not being negative.
He was directing his statement to Thomas from Canada. Please reread since you are claiming someone as being uneducated.
Post: Recommendations for a remote lock system for vacation property
- Investor
- Grand Junction, CO
- Posts 207
- Votes 201
Originally posted by @Peter R.:
Lockstate just had a major issue related to their wifi locks:
https://techcrunch.com/2017/08/14/wifi-disabled/
I'm currently using a Schlage/Smart Things/Wifi combo across 7 STR units with no issues. Adding and removing codes for guests, etc.
Also, I never got a clear answer when I researched it last, what's the code length on the lockstate time based ones? Is it 6 digits or 10 digits? I don't mean the pre-programmed codes, but the ones you can provision on the fly.
Do you have to pay a monthly subscription for the Schlage?
Post: Just bought with FHA. Should I refinance conventional?
- Investor
- Grand Junction, CO
- Posts 207
- Votes 201
By the time you have the cost of the Refi, you are looking at about 15k to save $183 per month(801 minus 618). So that is your ROI. about 14% CoC.
Post: Recommendations for a remote lock system for vacation property
- Investor
- Grand Junction, CO
- Posts 207
- Votes 201
So if you buy a lock state, do you need to pay any subscription costs?
Post: Tax question for out of state rental
- Investor
- Grand Junction, CO
- Posts 207
- Votes 201
There would be no 1099-misc as I am self managing
Post: Home owners insurance on a duplex
- Investor
- Grand Junction, CO
- Posts 207
- Votes 201
Check out farmers