All Forum Posts by: Jonathan G.

@Ben Leybovich

If I was in your deal and there was a 2X on the property value at sale before splits , that would probably give me a healthy multiple (based on the waterfall details) and I could easily re-invest the larger sum into any dozen trusted GPS to regain different losses again that same year. Never personally took the position of it being a hardship to reinvest a larger amount of capital. Happy to connect and review any deals you may have in the future. JG

@Austin Sharp

How many hours did you work at your W2?

@Troy P.

Sounds like the water heater is at the end of its service life. Look into replacing and if a slightly larger tank fits, consider upgrading in size if not too much extra.

@Kristin Mathern

I would pay it given no keys were provided, it wasn’t specifically addressed/mentioned in your lease, you were provided the opportunity to address/fix yourself with a 25-30 dollar replacement from Lowe’s/Home Depot, and lastly, it was an existing situation that could have been avoided/prevented at move in.

Try to anticipate other potential avoidable situations with a follow up inspection to assess the Locksmith’s work and ask your tenant(s) if you can also use the time to assess for other issues such as unchanged HVAC filters, leaky pipes, working shutoff valves, working smoke detector batteries, properly working downspouts, clogged dryer vents, evidence of water damage from leaking roof, etc,etc,etc.

@Preston Gagg

@Brian Burke

@jim pfeifer

I can vouch for Brian’s book the Hands Off investor. Read it a few years ago and found it extremely useful

I can also vouch for Left Field Investors. I get a steady stream of investment opportunities just from being on the mailing list.

I would recommend you start reading as many PPMs as you possibly can to get an understanding of what is offered, what’s common, and what’s reasonable. Then you’ll be better informed and able to quickly identify outliers . There are so many syndication options (multi-family, storage (both existing and construction), mobile home parks, ATMs, car washes)

@Dakota Cochran

Bank We’re only refinance 70–80% of the loan to value. That means if your best case scenario of the house worth 225,000, the banquet only refinance 157-180k. It’s probably going to get pretty hard to get a bank to do 70% of loan to value so you’re probably looking closer to 80. With that being said, they take that number and subtract your current balance and that’s what’s left over. Doesn’t sound like much “Cash “. I do however suspect that she would like to get a better loan rate can you currently have so that may be worth considering. I think your neighbor has more to gain from the refinance than you do. Shop around

@Nicholas Jose

20% is too much.

@Nicholas Jose

-change to LED bulbs that will cost very little per month in regards to power usage .

-install motion activated switch it alternatively a timer switch

@Greg R.

You’re funny.

I wish you only the best with your future expectations that renters and guest will follow “the rules”.

To your prosperity.

Cheers

JG

@Greg R.

This sounds frustrating for you Greg. I skimmed over the post and replies and was not entirely clear if these were people visiting the guests or additional overnight guests not on the reservation. I have friends all over the country and have visited my friends in an AirBnB as well as have been visited in my own Airbnb. Although I would not support unregistered guests staying in the Airbnb overnight or throughout the entire stay, I would argue that it is unrealistic for you to expect that people (guests and their friends) are not going to be coming and going when they’re on vacation or whatever. People like to entertain and that’s what houses are for. That’s a service you’re providing. Maybe it’s a little bit uncomfortable for you because they’re trying to flex using your nice property but if it’s just people in and out in a responsible way during the day, I’m not really sure I would have an issue with that. Also consider that maybe some of your guest’s are single(s) and maybe they’re out meeting people and they want to bring others back for “whatever”. Airbnb‘s are fun vacation experiences. Consider to some degree that you may be a bit to much of the fun police here. With that being said, if all these extra people are causing an unreasonable amount damage to your property or staying overnight, then that’s different.