All Forum Posts by: Jeff He

@AJ Anderson

What are your investment goals and investment horizon? How much time and effort do you have allocated?

Everybody loves BRRRRs, including me, but in the current market they are very hard to find. Will require a lot of time and effort.

The forums are generating a lot of buzz around STRs. Browsing Airbnb casually, I have noticed rates being much higher than before. I think it's mostly attributed to post lockdown demand. Not sure how long it will sustain for. (Personally bought ABNB stock to indirectly benefit from STRs without the work)

I like and own long term MFHs. Annual leases gives me less stress over vacancies and turnover costs. I typically target 10% COC. Do you plan to invest in state or out of state. Happy to share tips on locations I like.

@Trent Dyrsmid

An unconventional method would be to find properties on Airbnb that struggle with vacancies and ask if they want to sell off market.

Has anyone else noticed their Cleveland property taxes go up recently? Is it a significant bump? 

@Sherry Varg

What amount are you looking to invest? And what sort of liquidity/investing horizon are you targeting for?

@Jeffrey Daguro

In this situation it might be beneficial to work with a partner. They'll be able to bring more income and capital to the deal. It's worked pretty well for the last three properties I've done and I intend to continue the structure going forward.

@Ryan Daniels

I use a LLC, but that's because I'm investing with partners. It makes limiting liability easier and operationally it is convenient.

I've seen people list rooms instead of entire units on AirBnb. This could be a potential workaround. 

*Disclaimer: I personally haven't done this practice. 

@JC Chavez

It's good for cash flow. I'm not betting on appreciation, but based off of recent sales, I've definitely seen buyers pay more than the sellers did a few years ago.

On average, how quickly does it take folks to find a deal and get an offer accepted?

Once an offer is accepted, how quickly does it take to close?

What are the things that most commonly slow people down in the process? What's the thorniest problem people deal with in the acquisition process.

@LaMiracle Schaefer

Technically the LLC wouldn't qualify as the landlord since the LLC can not claim ownership or rights to the property. The LLC would need the title in its name.