All Forum Posts by: Kuriakos Mellos

@Brian Oberg starting the process is the biggest step forward. Congrats. 

So this somehow happened..in contract with a nice duplex on the southside of Milwaukee in a nice neighborhood with high rental demand and my property managers are thrilled to list it for LTR. I am doing an FHA loan and moving into one floor it for the beginning and wanting to test the waters maybe with an AirBNB on the upper floor to see it if works. If not, I can easily LTR it and then once I move out - LTR the second unit and have a nice cash flowing great shape duplex in WI.

Question, does anyone know any co hosts - property managers that work in the STR market in Milwaukee? Any advice for STR first time diving in?

Thank you!

K-Man

@Kaylee Walterbach awesome thread. I took my dive into out of state investing for the first time, without knowing anyone. Have bought two SFH's out of state that were both rented immedidately, are cash flowing, and have built so much equity that I will be able to refinance one of them and buy another property in early 2022 to keep the ball rolling. A leap of faith - with some bruises (and doubt) that has motivated other people to jump in and learn about how to build wealth in real estate.

Thanks Mike. Will do.

Hey all! Again just trying to learn as much as I can about a potential STR opp. Do any of these sites give you any insights as to visits to your listings and so on? Thanks!

Hey everyone,

I want to dive into and see how well a SFH would do as an STR in one of my out of state rentals. Is there a source where you can find support (Cleaners/co-hosts etc) for STR's. Thanks!

K-Man

Thanks all!

It's the same lender who helped me get into this current SFH and will be helping me with the next one :-)

Thanks @Brendan Miller I think I will take that exemption and try and sell the condo next year - I do have my dad living there currently. As for the SFH, the lender that is helping me apply for the néw purchase is the one that gave me the thumbs up to move forward - so I'll double check with him but even if things moved very fast it would be 11 months of me living there before I could move I'll triple check though!

@Joe S.i am going to hold on to that SFH I bought I love it but sometimes work makes you do stuff. Hoping I can come back to it at some point :-)

Hi everyone, I moved from my condo (which was my primary for almost 2.1 years) into a SFH in February this year. I only obvioulsy have one primary tax exemption but what else needs to be done? Letting lenders know? I had my dad move into my condo and he lives there currently and pays me rent. I am asking because I have an opp to move over to MI for a job and was going to take advantage and buy a new primary there and convert the recent SFH that I bought into another investment - want to make sure I am crossing my t's and dotting my i's. I have been at the SFH since Feb - so going on 9 months and even if I find a new home, by the time I close and go thru the process to move into in MI it would be like Dec or January at the earliest.

Thank you and all help would be greatly appreciated!