All Forum Posts by: Zeona McIntyre

Airdna claims 97% accuracy but that may be if you pay for the subscription like he mentioned above. I have checked it against my properties and I have found it to be pretty close, although I usually beat it. I wouldn't put so much weight in average daily rate but more on what you can make in a year as it's highly seasonal. Good luck!

When I do strategy sessions with investors, I ask about their budget and goals and then dig into the rental strategy that appeals to them the most. Between those, it helps narrow down an area. 

Haha! I think people think of lenders as detectives but it is just not the case. They definitely cannot see and do not look at title, only what they can pull from a credit report. 

I personally am less worried about interest rates looking at the life of the real estate investment over the long term, so I think the 10% down is still an awesome perk!

I would sell and buy a short term rental or a few. $300/mo cash flow is pretty tight especially on a large home and if you get a HELOC or refi, it sounds like you won't cash flow at all.

I agree that appreciation will likely slow after this year, making cash flow the primary important focus. 

It's a personal preference. Do you know exactly how much money you will need and are you looking to leverage this loan over time, then I would go cash out refi. If you may want a variable amount to do renovations or furnishing and may be able to pay it down quickly or refinance down the line, a HELOC might be better. You just want to be careful with the adjustable rate.

Do you have a good real estate CPA? If not, I am happy to connect you to mine. 

You can and should have one person on the loan if they can easily qualify. The reason being that it is easy to get the first ten loans in one person's name but it becomes more challenging after that. Ten may sound like a lot on the onset but purchase confidence happens fast. 

Another reason that you might want to have a single person on the loan is so that the other partner can get a 2nd home loan in the same market, since each person only gets one per 100 miles. 

You are also correct that both people can be on the deed, even though just one is on the loan. 

Hey John, I run the Airbnb Investing group on Facebook and we have a meetup in Houston. I'll reach out to get you connected with my agent there. 

You'll want to draft up an operating agreement, plainly explaining your roles. If you need a recommendation on where to find one, feel free to reach out by email. 

If the financial partner is lending the other partner a portion, don't forget to do a promissory note. That's about it! Easy. 

And can you capture longer stays through the slower times for less, when others are closed, boosting your income?