All Forum Posts by: Tanner Pile

@Christopher Schulte

For STRs your furniture and design budget needs to be calculated for your up front costs and often times does not make a STR worth it right now. You'll likely need to do a higher downpayment or do something creative with the seller.

 You would need to interview investors out there finding deals in the areas you want to invest and see if you like them, their process and how they run deals plus the amount of experience they have. 

@Clay Lyddane

If you don't have time I would definitely go the LP/GP route because they will do everything and you can have a more equity play than cash flow. Finding and analyzing the deal will take a lot of time which may not work in your favor iid you do it all your self. I would not go the pueblo route because the overall equity and appreciation gain won't be as much as a mountain property STR and don't manage yourself.

Id go large 10+ units for a long term play. Or if you won't to get some cash a bit quicker you could partner with a flipper and bring the cash for the deals they find and manage and split the profits on the sale. 

@Peter Vercellin Innago works well too

@Thomas Gentry Welcome! You should go to some local meet ups in town to connect with other local investors. 

Utilizing the VA loan on a property to HH is one of the best ways to start. When having kids a house and cottage is a good option since it will still be separate from the tenants. Or Turing a SFH into a rental after living in it for a year or so.

@Sherry Wirtz You could look into a money market account too!

Welcome!

You should look into the Co-Living strategy on single family homes. It works good in Houston! One of the few ways to get descent cash flow these days. 

@Alex Ramos It will depend on who the hard money lender is and what terms they want to allow. A private money lender may be more open to doing this than a hard money lender because they will be more negotiable to terms. 

@Rene Hosman See you there!

@Sam Spoerl To my knowledge you can't buy air rights separate from the property. And each property has a different air rights levels depending on location and zoning. What those are I have no clue since it is rainy used to protect the mountain views. The city mainly allows higher air rights in down town areas to allow developers to build. 

If anyone knows anything else a bout this let me know!