All Forum Posts by: Jared Hottle

Join us for an exciting evening of learning and networking at our Real Estate Meetup featuring a Property Management Panel at Doughy Joey's in Waterloo, IA on Tuesday, March 14th from 5:30-7:30 pm.Our panel of property management experts will be answering all your burning questions about property management. Whether you're a seasoned real estate investor or just starting out, this event is perfect for anyone looking to expand their knowledge on property management.Come and meet like-minded professionals, expand your network, and learn from the best in the business. You don't want to miss out!

The best time to plant a tree is now or 20 years ago. The housing shortage will be here to stay forcing up prices more and more until everything doesnt cash flow as a rental. If you can make it work now with high interest rates you can refinance at somepoint and win. I am bias but I believe time in the market certainly outweighs timing the market.

Welcome Quentin, investing in real estate is tough but can lead to great things. Stay the course when things are hard and great things will happen. Would love to connect.

FHA must be owner occupied so if you are going to buy a duplex and move into one side or buy a single family and rent out other bedrooms it could work. Also could rent out your current place and move in and not rent it.

1. Research Markets: Before investing in a rental property, especially an Airbnb rental property, it is important to research the local market carefully. Look for areas with high demand for short-term rentals, such as tourist destinations, convention centers, or universities. Check out the competition in the area and determine the occupancy rate, average nightly rate, and the type of properties that are most popular.
2. Type of Property: Whether you choose to invest in a multi-family or single-family property depends on your goals and budget. Multi-family properties have the advantage of generating multiple income streams, but they may also require more maintenance and management. Single-family properties may be easier to manage, but the income potential may be lower.
3. Interior Design: The interior design of your Airbnb rental property is important. It should be clean, comfortable, and stylish. You don't have to spend a lot of money on high-end furnishings, but the property should look modern and inviting.
4. Target Market: It's essential to have a clear idea of your target market. Will you be targeting vacationers, business travelers, or traveling nurses? Each market has different needs, and you will need to cater to them accordingly.
5. Management Team: You will need a reliable management team and cleaning crew to help you manage your property. Look for experienced professionals with a good track record. You may also want to consider hiring a property management company to handle the day-to-day operations.
6. Education: There are many resources available to help you learn about Airbnb rental property investing, such as books, online courses, and blogs. Some popular books on the topic include "The Airbnb Story" by Leigh Gallagher, "The Airbnb Entrepreneur" by Jasper Ribbers, and "Profitable Airbnb Properties" by David Leroux.

Overall, investing in an Airbnb rental property can be a great way to generate passive income. However, it's essential to do your due diligence and carefully research the market before making any investment decisions.

I agree with Nathan. On the surface it seems like a good idea to source your own deals with a license and save on commission but at the end of the day you are better off doubling down on the job you have or went to school for and trying to increase your salary as high as possible and get your real estate investing career going by building a rockstar team.

Look to househack each year for the next few years. A duplex would be great but a single family with a kitchenette and bathroom downstairs is also a good one and more readily available. Or rent by the room. Do this every year for the next 5-10 years. 

If you want to replenish capital and rinse and repeat you will want to do the BRRR strategy. You will need to get good at finding deals on distressed properties and need to get better at learning the rehab process. Do not need to necessarily do it yourself but good at networking with contractors and knowing enough so as to not get the wool pulled over your eyes.

This will be work and may not be fun but it will set you up for great success in real estate and wealth building

I would ask seller to cover closing costs up to a certain amount. This can be done if not in a multi-offer situation pretty easily. In a multi-offer situation can be tougher. Also talk to local banks and see what they may know of for first time home-buyer grants. 

This is definitely a back and forth tradeoff. By the book I would say you need a permit but also know its not always cut and dry. If a licensed contractor is doing the work for you I believe the burden is on them as they are on the hook if they do not pull a permit and get caught.

Typically I like to think of having an exit strategy when using a HELOC. Like a BRRR or a flip. Could use it to fund a downpayment but your debt service will be very high so you will want to make sure it cash flows and if it does I would look to refinance sooner rather than later with a lender who will recognize the income the property makes not as much comps.