All Forum Posts by: Tyler Solomon

As a plethora of others have mentioned, be weary / skeptical when it comes to these courses.  Ensure that you are not getting cookie cutter information that is widely available and easily accessible online. From what I have heard, the bulk of the value in mentorship programs come from the 1 on 1 time spent with the mentor. With this in mind, make sure the person you are going to pay to mentor you has experience in what they are teaching, and what you are paying for. Otherwise they are much more of a consultant, and not a true mentor IMO.  

@Chris Schorre, I think the language covers not only airBnB / Vrbo etc..., but also individual operators as well. If only the hosting platforms are covered by the legislation, it leaves a lot of holes in the policy for individual unlicensed operators to continue hosting and operating short term rentals outside of these platforms.

 You are correct, the hotel industry is certainly ripe to benefit from this legislation happening here in austin, however I do see a world where permits becoming transferable upon sale as a concession to the backlash from currently permitted operators. Maybe im just a dreamer...

Correct. If you have a property that you intend to rehab/renovate, you will typically purchase the property and fun part of the rehab costs with a short term, hard money loan. After you are done with the value add portion of the property, the home is rent ready, and you are ready to refinance into some longer term debt, the DSCR loan will come into play.

Feel free to reach out, happy to help answer any other questions!

Great post! Love the reminder to zoom out and take a long term, 401k type approach to RE investing. The last 36 month frenzy of quick and drastic appreciation combined with historically low interest rates often jades people into forgetting that RE is a long term gain, and time in the market typically reaps more rewards than timing the market.

https://airbtics.com/rental-ar...

Here is a link I found with just a quick google. @Easton Hill is great at answering Arbitrage questions as well!

 While I agree with you on the scaling side of things, especially if you already have financing secured for this type of transaction, I would not discount the learning curve and the difference between operating short term rentals vs long term rentals, especially at scale.

If you want insight into what is happening under the hood in RE financing, this is a great place to start! Great find! 

Micah, this is ultimately up to you and your personal investing goals. As many others have noted, your current debt is extreemly cheap at 2.9%. If expansion is not a necessity for you at the moment, then I would stay in a holding pattern with your virtually free money. However, if you are eager to expand, then tapping into some of the equity in your first home through a low leverage cash out is how I would attack this if I was in your position. Pull out enough cash to put a significant portion down on a new aquisition to keep debt service costs low, while also keeping debt service costs on the leveraged (first) property low enough to cash flow at todays rates. This gives you the power to expand, keep a house with less equity paid down at a cheap rate, and continue expansion.

@Leslie Anne Morris is a great connection for this!