All Forum Posts by: John Gonzalez

Thank you, that makes sense Ryan, I will try that. This is a full fledged 4 bed, 3 bath 3 level house, nearly 3k sq ft, and not one of the itty bitty "4 bedrooms crammed into 1100 sf ft downtown condos) and so I think I have no choice but to drop the price to the lowest possible to reflect my need and see what happens. Thanks again

As for Austin: Companies and events are leaving Austin or canceling, airlines are canceling routes and I personally know 5 families who left Austin (fed up of the traffic, hype, $17 tacos and sheer heat) so I am going to disagree with you on the net negative growth. I don't think, that in the history of the USA, so many companies and people have ever moved to a city in so short a time and then left so quickly thereafter (especially companies). In addition, the jobs that are leaving due to AI, are not ever coming back. Which means, we have never been here before, as a country, as an industry and as a city. And that uncertainty is what is driving the sluggish sales and not oversupply and the constant building from a city permitting process and economic lobby determined to ignore the fact that Austin never did have the fundamentals to support even 1/10th of the hype around it. Suckers like me didn't see it back then, but Boy do we see it now as we try to ditch and run lol

Here are some thoughts around what people and companies are doing around Austin:

https://www.kxan.com/news/local/austin/austin-airport/americ...

https://www.reddit.com/r/Austin/comments/1kr46yo/wsj_austins...

I have a high end rental in downtown Austin which has failed as an STR.

The Austin market has cratered in a huge way. I am stuck and looking for a way out. I don't want to lose my equity and could not find a buyer via either traditional MLS listing or exploring seller financing (where people want to make offers like 2-4% down and then get miffed if you don't get back to them in a lightning fast and fawning manner lol)

However:

1. Listing it as a long term rental with freebies (2 weeks off, internet and lawncare included etc), has not received applications, even though it was the lowest price per sq foot for the area by a large margin (to signal a motivated landlord)

2. I checked into the MTR market but that is largely sluggish in the Austin area as well, even though "MTR experts" don't ever tire of their fever pitch sales spiels

What are the "out of the box" strategies for me to get this rented as an MTR or LTR quickly?

Please note: I'm not looking for general advice like "list it on AirBnB as a medium term rental" or "Pay XYZ company X amount of money to be on their MTR "hotlist"" or even "call this amaaaazing realtor because they will somehow solve the "no one wants to buy in Austin anymore and companies are leaving", problem" Ive tried all that already

I am looking for methods, names, referrals of folks that know how to get high end downtown Austin properties, rented out quickly

Thank you 

Understood and thank you

I am setting up a revocable living Trust and and am looking for recommendations on:

1. A proven, reliable, honest Attorney or Corporate entity to serve as Trustee

2. This Trustee will act as Fiduciary

3. I will need the Trustee to engage with the IRS on the Trust's behalf, to execute IRS forms 56, 2848, etc.

Any recommendations please?

@

Ashish Acharya, I am about to set up a revocable living Trust and want to find a competent, reliable, honest Attorney or Corporate entity to act as Trustee for my Trust. I will need this Trustee to work on IRS forms 56, 2848, 1099-A, 1099-C etc., for me. Do you happen to have a recommendation please?

Hi,

I chanced upon HELOCs and velocity banking a few years ago and since I understood it well and implemented it responsibly, it changed my life from an assets standpoint. But peeking online, I find post upon post trashing the strategy instead of trying to understand it. 

But I now find myself in the problem box of "I don't know what I don't know".

So, I'm looking for a financial advisor who can tell me about other things - like HELOCs - which are hiding in plain sight and can be implemented to turbo charge my financial acumen.

If you have implemented other strategies like HELOCs, please ping me.

Thanks

Hi,

I read over and over again that Indexed Universal Life Insurance policies have to be set up very carefully to ensure that it benefits the person buying it and not the agent setting it up.

I am looking to consult with an IUL expert who will show me *exactly* how to set it up to benefit me and not the agent. I am happy to pay a consulting fee. I want the information vetted and am looking for the cheat codes, "what to look for" and the "how to do this right".

Thanks

Hi there,

If you have proven experience in setting up a foreign express trust, please contact me

Thank you