All Forum Posts by: Marc Young
Marc Young has started 3 posts and replied 10 times.
Post: Cost segregation study help
- Posts 10
- Votes 6
@Shannon Strickland thank you. Yup we have our 1st booking coming in today.
Post: Cost segregation study help
- Posts 10
- Votes 6
@Julius Vincent thanks! I'll definitely look one up.
Post: Buy my 1st STR/vacation home. Use rabbu?
- Posts 10
- Votes 6
@Josh Ball thank you!
Post: Cost segregation study help
- Posts 10
- Votes 6
Hey there!
I just bought and got my first Airbnb in PCB. I would like to take advantage of the tax benefits like bonus depreciation. I heard I need to hire someone to do the study and others say I can do it myself. Does anyone have any experience with this? I appreciate all the insight.
Post: Referrals for Cleaning Service in Panama City
- Posts 10
- Votes 6
We also closed on a STR on PCB last Monday. If you find anything out let me know. I can do the same!
Post: Buy my 1st STR/vacation home. Use rabbu?
- Posts 10
- Votes 6
@Andrew Steffens I'll have to check out the Tampa area
Post: Buy my 1st STR/vacation home. Use rabbu?
- Posts 10
- Votes 6
@Sameul Ahsan thanks for the information!
Post: Buy my 1st STR/vacation home. Use rabbu?
- Posts 10
- Votes 6
I'm looking to buy a STR/vacation home around Destin/30a. Has anyone had experience with using Rabbu?
what was your experience? Do the numbers work on there site?
I Have 100K to put down. Any advice would be appreciated.
Post: HELOC use help! What is the best use?
- Posts 10
- Votes 6
Awesome information. I really appreciate your insight. I'm thinking doing a BRRR after reading through this. Who should like be looking to get on my team or how can I figure out the ARV?
Post: HELOC use help! What is the best use?
- Posts 10
- Votes 6
I need some help on what to do with using a HELOC. I am selling my 1st rental property and made over 300k on the house. We have decided to buy a bigger house in the same neighborhood I live in now, put 200k down on that. My dad offered me to assume(loan company said I can) his loan on his rental property that he does not want to landlord anymore. I'm going to give him 100k on the side. With me assuming the loan it is cash flowing $900 per month. That house will have 150k equity. Then the house I'm moving out of now I will rent out. Renting for my mortgage $$
Here's the question. I plan on taking a HELOC on the new house I put 200k down on and the house I got from my dad. So how would I deploy that money to scale my portfolio to 5,10,15 properties?
a few ideas. 1. Use it for a BRRR. I've never done one.
2. Use to put the $ down to buy another long term rental. Just the cash flowing to pay back the HELOC. (Worried $ will be tied up to long)
What's the best use of this?!