All Forum Posts by: Jennifer Slaughter

Hey @Clay L., welcome to your new "obsession", BP is a great resource.  Where is your Airbnb at? We want to add an Airbnb to our portfolio in a CO town a couple hours from us and I have had the same question.  I connected with an investor in the community who has a side business helping out remote Airbnb hosts (different from an Airbnb co-host) and charges a small fee for some of the turnover things you are talking about.  Maybe someone like that close to your rental community?

@Andrew Lee, sounds like you have a plan! So are you saying your "budget" of 250k is your capital and you don't want to be leveraged more than 600k? I don't think you're in over your head, it sounds like you have done your homework on the market and those numbers are doable.

Click on the link to view our Offering Memorandum

Feel free to reach out with any questions and join us in October!

I am also evaluating equity in my local investments and I plan on using it to scale my out of state investments.  I like what people have said about 1031 into another property that could perform better if you are only breaking even.

Welcome @Christopher Otani, it sounds like you are learning a lot! BP is a great place to be with a ton of resources for the new investor.  It sounds like you have raised enough capital to get started, you will just need to find an investment that meets your criteria.

I always find a property first.  Even if you aren't ready to pull the trigger yet, it's much easier to approach a lender if you have a specific property in mind.  If you are going conventional you can always do the pre-approval process before you find a property in order to see if it's a feasible option for funding.  However, when I have talked to private lenders it helps to have analyzed the property so that you can discuss terms and different potential exit strategies.

I have bought in a couple different states without doing any visits/seeing the property.  Any time you invest there is risk but I think the best way to mitigate that risk is by having a great team! Do your research, if you're going turnkey go with a team that has a proven track record and scaled operations, preferably with the whole team under one roof.  Then develop criteria for that market, analyze properties, buy one and make that money.

@Jeff Tropeano, I like to build relationships with a lender and tend to go with one recommended by my broker.  Sometimes there are limitations to this, if you're investing in a certain state and your go-to lender isn't licensed there.  However, in that case you can usually do well going with one recommended by your broker.  I learned from experience that going with a lender that either knows you or some other professional vested in the deal makes things go as smoothly as possible.

I would find a market where my $40k would be enough to get me into the game. Once you find a market, you can either use the capital as a down payment or do a value-play (something like a BRRRR) so that you could get your capital back after a couple months and add another investment to your new portfolio.

Please click on the link to view our offering memorandum:

Offering Memorandum