All Forum Posts by: Jacob Mistric

So I'm just doing some research on tax benefits of airbnb owners, and I see a bunch of stuff about deductions. Are there any tax credits that you guys know about? I'm in Texas if that matters.

So most of you guys have cleaners that receive the majority of your supplies or to the house directly if it's something small?

 Right but you still have to eventually restock that, so how do you do that

 Well no one yet, my first Airbnb goes live in December so I'm still setting this whole thing up.

I keep trying to youtube and google this but I can't find a single bit of info on it. 

So when it comes time to restock your rental and you have to amazon something to the house, how do you go about doing that when trying to manage virtually? For instance, let's say I order some shampoo and toilet paper to the house and the package comes in while a guest is home - I don't want the guest walking off with my supplies nor do I want to burden them with having to deal with a package. How do you guys do this when you're living in another state?

I made a few posts on some facebook groups asking if anyone wanted to be on my buyer's list and i get a bunch of messages from pakistanis trying to sell me a big list of buyers. This is a scam right? Probably a dumb question but no harm in asking here

Hey guys, I'm ready to start wholesaling except not at all.

I want to start right away and i understand how it all works. But I'm afraid of starting, finding a deal and then realizing I don't know how to do certain things.

For instance, let's say I have a seller who agrees to sell and I have to assign the contract to a buyer. Where exactly do I find this contract that I'm handing off? How do you assign that contract? Where are the forms involved in that? Is it as simple as handing it off to someone or do are there more people I need to be in contact with aside from the seller and buyer? Everywhere I watch or read about wholesaling, I just get an overview of how to find buyers and seller and explaining the concept as a whole but no one explains how to do all the administration involved. Thanks!

 

I know the difference between private and hard money, but when I go to search lenders, a lot of them advertise as “private/hard money loans available” or something like that. I’m interpreting it as they consider it the same thing.

My original plan was to buy the house with hard money with a down payment using private money to then later refinance with a conventional mortgage, Classic BRRRR using other peoples money basically.

I do not want to be a low-income investor, but those places seem to have all of the fixer uppers since they probably don’t have the money to renovate or even live there anymore. If I want to be an investor in the middle class areas, how do I find the worst house in the best neighborhood, so to speak? Everything for sale I’ve found is not cash flowing in the slightest…

What are the best Hard and Private Money lenders in San Antonio?  Furthermore, I have a hypothetical situation... I'm still doing my homework before I purchase my first rental.

What if I have a hard money loan that has a term of 6 months, and I can't find a bank that won't refinance until 12 months

I'm thinking the way to prevent this would be to make sure that I have a bank lined up that I know for sure will refinance in 6 months. Either that or go with a hard money lender that has a 12 month term, and a bank that will refinance 6. Is this something I can only find out at the time of refinancing, or can i find out form banks/lenders what their grace periods and terms are before I close on a deal?