All Forum Posts by: Spencer Ellingson

Thanks Michael. I'm not active on the STR forum since I've been more focused on other asset classes.

We have a short term rental in Panguitch (near Bryce Canyon) and are looking to offload. It's been a good property for the last 4-5 years ranging between $40k-$70k in annual income. It's a unique historical property and so it attracts a lot of tourists, especially people from Europe who are looking for a "western experience" Curious what the appetite is for people looking to get into the short term rental market. Are people still looking to get in? 

Great info Derek! Thanks so much for posting. I'll check this stuff out. 

Thanks Scott! Will check it out. This is the type of stuff I"m interested in exploring. 

Hi everyone, I started in SF.. hit my 10 max and now I'm repositioning into multi family through syndications. I also want to get into some self storage projects. What's the best way to get connected to the self storage community as a passive investor?

Spencer

Thank everyone for the info!

This property is a FSBO and if I went in without a buyers agent they were willing cut the price by 3% so it's definitely a win for me. No doubt, I understand the value that a buyers agent can bring to the table. The home price is $315k, so I'm more than willing to do the effort to save $10k.

@William Hochstedler, great info about the title company.  This is great info to know for Utah. I'm the type that finds my own property and just has the realtor set up the showings. If I can get the seller to reduce my costs by 3% for cutting out the realtor then I'm going to do it every time. 

That's simple..

Hi there,

I found a property in our local newspaper and we want to do a transaction with out realtors. I currently own 8 properties and every one of them has been done with a realtor. I"m trying to think of the steps that the realtor actually helps with besides getting the negotiation done.

What are things the realtor usually does that I"ll need to manage on my own?

Thanks for the advice.

Spener

Super helpful! Thank you Andrew for the advice on this! I never really thought of Fannie Mae/Freddie Mac as simply a bank. Sounds like I need to go into my bank and talk about what types of options they have. 

@Steven Accardo thanks for the information.. I wonder if another way around it is if you bought houses under a business name but with a personal guarantee?