All Forum Posts by: Mark Wurtemberg

@Juan Alvarez Yes. That is my understanding.

I’m looking to purchase my 6th under property (under $50k), but am out of money. I hear there are lenders (banks, credit unions) out there that will lend this small amount. I would like to avoid Hard Money Loans at this point. Do you know of any lenders? Thank you.

@Mike R. I stay in a place way out of town in JT, and loved it. Was quite and peaceful. Was just what I needed. But that’s just me. Who knows what others would want? I say give it a go.

I would go for it. 

Option 1: Try to get an idea of what the cost of the utilities were from the seller. Then add that to the rent. Maybe do 1/3 for the 1bed1bath & 2/3 for the 2bed1bath. Then write it in your lease that this will be reassessed every 6 months or so. 

Option 2: Charge the tenants after you receive the bill the following month. Again doing to 1/3 & 2/3. This will me more time consuming, but would be more accurate. 

Either one of these options may be difficult to justify if one tenant is home all day every day with utilities running like crazy. But I believe it is worth the try. Maybe down the road if this is an issue, consider putting in a 2nd meter. 

My apologies @Steve B.

I think you should do it @Crosby H. I purchased a newer used 26' Class C and have had great success with RVshare and Outdoorsy. Here is my site. Not to promote, but to just show you. 

I started in March and have a total of 12 booked rentals through September 5th for a total net from the renters of $9873. Here are my current numbers to date. $6000 down for the RV. Payments of $391 (included in Administrative) 

Income	Supplies	Fuel/Propane	Repairs	Insurance	Lyft	Administrative	Registration	Property
$2,854.61	$951.81	$367.97	$711.77	$346.12	$54.70	$1,510.16	$0.00	$6,000.00

I may want to sell a property in St. Louis. I know Zillow is not the best way to determine the value of a home. So, what would you suggest is the best way to learn what the value of a home is? Cheers, Mark

@Erik Chan I don't plan to find a site to park it. I plan to have renters pick up RV from me and they take wherever they want in the US or Canada (Two day minimum). They pay per day, week, or month, get 150 miles per day (pay extra per mile over that) get 3 hours of generator use (pay extra per hour over that). Must return clean and with gas levels at same as when they picked it up. Just like renting a car. Should be fun........ 

@Steve B. Not sure what you mean. Don't plan to reinvent the wheel. I want to use the wheel (rvshare, outdoorsy, etc) to list my RV for rent....just like AirBNB hosts......

I have been looking into this as well and am thinking about pulling the trigger. I have looked over these sites in addition to outdoorsy.com. (Note some sites will not insure older RVs, like 15 years old)

rvshare.com

rvrentlife.com

mighway.com

Seeking a lender in the St. Louis area.

I listened to a podcast recently that discussed the idea of obtaining a Commercial Loan to purchase multiple properties together in one loan. I like this strategy. I currently own 4 doors with no mortgages in the St. Louis area. I am curious if I could re-finance into one of these Commercial Loans to pull money out to invest elsewhere. If so, I would love recommendations of a lender in the St. Louis area that can help me get started.  

I’d like to take a look at this opportunity. [email protected]