AirBnB

Women finding freedom through the sharing economy of AirBnB

Posted on May 31, 2021. Filed under: Accessory Dwelling Units, AirBnB, FHA loans, First Time Buyer help, Homeownership, Informed Investor Alliance, Making Life Easier, OC Property Management, Orange County Real Estate, Property Mangement, Real Estate Stories, Summer fun | Tags: , , , , , |

Let’s be honest, a lot of females are juggling household schedules, making beds on the daily, and working full time jobs in customer service or hospitality type industries. A lot of these same females are also searching for a way to spend more time with loved ones, and to find a better work-life balance. 

This brings the question: How can we live richer, more fuller lives while making a difference in the world? Keep close connections with our families & still sprinkle what we were meant to do into the ethosphere?

For those who have a passion to roam and to create, enter the opportunity of vacation rental management, AirBnB experiences, and niche property rental platforms.  

If you have a unique property or space, big or small, this is an opportunity for you. People love to rent not only stick & brick type properties, but also RV’s, boats, cars, treehouses, yurts, water towers, and land. 

We now live in a world where you can tow a trailer, link up to solar, put out a cell booster, charge devices, and work / connect from almost anywhere. As the clouds from Covid continue to lift, people are ready to explore this new world. Are you ready to connect with them? 

I recently had the opportunity to interview some of these women who have opened their spaces in the home-sharing economy. Each has a unique story to tell, weaved in with their life passions and experiences. 

Take for example entrepreneur Heather Carter, running Eureka Springs Coffee House with 2 AirBnB units above. Guests enjoy the main strip of historical Eureka, Arkansas; and also have discount offerings at the coffee shop below. Travelers include vacationers and business professionals alike. In a recent video interview with Heather, she said “We used to live above the coffee house ourselves, but we soon discovered we had a unique opportunity for rentals here”. Indeed she did!

Heather advised she prefers the niche with commercially zoned properties, so she can avoid any roadblocks with residential vacation rental limitations. If you aren’t sure about STR rules in your community or city, be sure to research accordingly to avoid pitfalls.

Another go-getter making the most of her skills is April Snow-Kass, a Realtor in LA specializing in harmonious homes for musicians. April recently branched out to nearby Joshua Tree as a vacation rental host. Now, not only can April sell property in a new area, she can speak to personal experience on the equity gains and the rental income her ‘Retro Ranch‘ in the JT desert is recently experiencing. 

Let’s not forget supermom and High School Counselor Carolynn Cribley. Her and financé Matthew Herman in Grandville, Michigan, are putting an extra room in their home, coined ‘The Barnhouse,’ to STR use. They stated in a recent interview that it’s brought such great results, they not only bought another property, but looped parents in on the opportunity. They inspired and guided Matthew’s parents to a short term rental purchase as well. Not only has Carolynn & Matthew created additional monthly cash flow (partly used to build a fun new pool!), they’ve hopped the family on the path to generational wealth.

According to the NAWRB’s website and WHER report:

“…research found women seek homeownership for these primary reasons:

As a “Sanctuary”
A sanctuary is defined as a place of refuge, an oasis or a retreat. Women value creating a unique space from which to retreat from the outside world—one in which they control the climate, the decor, the layout. One’s home is a psychology of space…”

https://www.nawrb.com/one-tough-mother-how-single-mothers-are-defining-the-homebuying-process/#more-18821

Vacation rentals are a method to live this ‘sanctuary’ lifestyle, and create income. Win-win.

Another example is Corporate Executive ‘girlboss’ Vanessa Montanez, who explained to Homeownership Day attendees in January easy steps to enter into investing. Vanessa discovered the benefits of renting her Temecula wine country home on AirBnB recently, and as a lender herself, was kind enough to share strategies with other would-be investors at Homeownership Day. 

Admittedly, all of these hosts know STR life is not as ‘passive’ as long term rentals; but it can be more profitable, plus it allows the ability to vacation in your own property, afford *more* units, & / or meet new friends. Yes, you may still be making beds, running multiple schedules, and rocking your 9-5. But it’s a way to squeeze the most out of almost any property. 

Best of all, homeownership is open to many, regardless of education level or background. With low interest rate loans and programs like FHA allowing as little as 3.5% down, many females are opting into a property purchase. Additionally, SBA loans for Women Owned Businesses have opened even more doors to run a viable business from home. There are many options to sell creations of any kind from home, be it via online avenues or to guests traveling through your space.

Speaking of online avenues, the fast-track growth of property rental apps makes the marketing side become much easier. You don’t have to do your own Search Engine Optimization anymore – these apps are paying to get the word out on your behalf. Platforms to easily start your sharing economy hosting on are AirBnB, VRBO, Hipcamps, Harvest Hosts, Furnished Finder, Outdoorsy, Turo, and more. 

For additional information or a guide into the vacation rental lifestyle, reach out to NAWRB Delegate Spokeswoman Angie Weeks, or watch her video interviews at http://www.YouTube.com/HomebuyingRegistry/ 

This article was written for Women in the Housing and Real Estate Ecosystem; NAWRB. If you would like an article for your publication simply comment below or reach out to Angie at 949-338-7408.

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New Property Trends: Modular Net Zero Homes

Posted on May 12, 2020. Filed under: Accessory Dwelling Units, ADUs, AirBnB, Building, Construction, First Time Buyer help, Homeownership, Informed Investor Alliance, International Properties, Smart Homes, Vow2Save Orange County Real Estate Registry | Tags: , , , , , , |

Hi friends! Have you been looking for a cheaper, better, faster way to build a home? Read on for some new trends in modular housing that might suit exactly what you’re looking for!

What is a modular home?

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S2A Modular Model #GreenLuxHome 22

Modular is NOT manufactured. They are not your rectangle box mobile homes that might come to mind. They are created 90% in the factory, and about 10% on site, and they look and feel like any normal home. Modular homes aren’t different than a traditional stick built home, other than they are built indoors in a controlled factory environment, instead of outdoors.

Brian Kuzdas, CEO of S2A Modular, presented an interesting webinar today and told us about ways that modular homes are more sustainable for the Earth, take less time to create, have a 35% potential ROI for investors.

A couple of the main benefits of modular homes are they save you from shady contractors, and there is no compromise when it comes to design.

Other advantages of modular homes:

  • Time (traditional home build time: 1 year; modular home build time: 3 months)
  • Price (15-20% cheaper to build in factory)
  • Strength (modular homes have to survive a literal transport, traditional homes don’t)
  • Neighbors (much less stress on the neighborhood)
  • Contractors (get to work inside instead of out in the elements)
  • State inspections (less time waiting for inspectors)

One of the downsides to modular is financing. There aren’t a ton of lenders familiar with modular housing loans, but US Bank is one of them. Just reach out if you’d like a contact!

Want to build a modular home of your own?

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S2A Modular Model #GreenLuxHome 13

Modular homes can be built ‘tiny’ as ADU’s, and size all the way up to 10,000+ sq ft mansions. There are 7 steps if you’re interested in building a custom modular home from start to finish:

  1. Feasibility study (cost $3500, and helps you determine how big you can build)
  2. Design (a modular architect is recommended, it will be less expensive in most cases)
  3. Construction agreement (firming up your choices)
  4. Engineering
  5. Permitting
  6. Site construction / setting modules
  7. Onsite completion (this is the last 10% of building that assembles the pieces & happens on site. These last materials also dictate the style and make your home exactly as you want it)

Check out https://www.s2amodular.com/ for various design styles & ideas to build a modular home of your own. Endless customization – so neat!!

Sustainability & Modular Homes

The modular homes that S2A builds are ‘Net Zero’ & ‘Net Positive’ when it comes to net metering. They also use high performing, affordable, solar panels and solar roof tiles with Graphene technology. You won’t have any utility bills.

Smart windows, doors, heating, cooling, insulation, & lighting are all used in these custom modular homes. Furthermore, organic building materials are used, and they are all resistant to termite, dry-rot, and mildew free….which saves money down the road. Li-Fi technology is used instead of Wi-Fi, and there is a singular app that controls these homes, which makes the systems un-hackable.

If you’re interested in planning your modular home build, just reach to Angie via text at 949-338-7408, or fill out the form below. We’ll help you plan for your perfect pad, & get you all connected to the right contacts to create your custom home 🙂

 

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Global Real Estate – Hot Spots & Tips to Buy in them

Posted on April 23, 2020. Filed under: AirBnB, Costa Rica Real Estate, First Time Buyer help, Homeownership, Informed Investor Alliance, International Properties | Tags: , , , , , , |

Global & International Real Estate is GROWING

IMG_6359Did you know 1 in 10 US residents are considering owning international real estate? But how can you protect yourself from making a lemon investment? Thanks to OCR’s Global committee, we have some pointers for you! Michael Cobb CEO of ECI development started off our International Real Estate Forum today reminding Realtors that we bring value to international transactions by helping our clients know to ask the right questions. In foreign countries, hot water, running water, and other conveniences (like plumbing) we take for granted in America are not alway included in the price tag. It’s critical to be careful and make sure you align with multiple professionals to ask ALL the right questions when you buy internationally. One way to do this is to work with a CIPS Realtor to help you find the most reliable real estate contacts in your preferred country. CIPS agents are Certified International Property Specialists, and have special training to help you avoid international buying nightmares.

Nicaragua – an International investment gem

Depositphotos_236823284_xl-2015Nicaragua has been a growing spot to get deep discounts in real estate, and Michael personally lived there for 14 years, while raising 2 young daughters. It usually takes about 6-9 months after you visit Nicaragua and sign documents to receive your title, and buying is friendly to foreigners. The country has beautiful scenery, and also offers the following benefits:

  • Safe
  • Inexpensive real estate
  • Low cost of living
  • Low cost medical care
  • Fishing, diving, snorkeling, surfing
  • Social projects & involvement
  • You CAN own the land and get freehold title
  • Property tax is only 1%
  • Easy residency programs

Foreign Property Investments in Belize

DSC01964Belize is a tiny country that wasn’t on the radar at all until recently, and now it’s exploding. The title process is 3-6 months, but you can complete a property transaction in just an hour if you’re there in person. English is the official language, so it’s easy to read contracts. Prices are reasonable right now, and the hotspot to check out is Ambergris Caye. Belize was also voted the “most wished for place to visit” on AirBnB, so an excellent consideration for your vacation rental. If you’re thinking of AirBnB, you will have to pay hotel tax, so be sure to factor that in. Speaking of air…air travel has doubled over the last 3 years to Belize, and there is still plenty of room for growth. Baymen Gardens by Best Western currently offer options under 100K for a residence if you’re looking for an affordable vacation rental. Some benefits of owning property in Belize include:

  • Political stability
  • Short easy flights
  • 17% tourism growth the last 3 years
  • Property is still affordable

US Citizens are now buying property in Costa Rica easily

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Beautiful Ocho Bungalows in Costa Rica – Sean the owner used to live in US, and now calls Tamarindo his home. He built these gorgeous bungalows there.

Costa Rica is an absolutely stunning country, with 27% park-protected land. Costa Rica has a “Pura Vida” (Pure life) mindset, so this is the place to go if you like a healthy lifestyle. Hunting is banned, no zoos, and animals cannot be pets. No tornados or hurricanes there, however, they do have earthquakes. Ocean temp is about 80 degrees all year long, so it’s perfect for a vacation home or rental. Weather is typically nice, but they do have rainy season. You can stay for 90 days with a US passport, so plenty of time to research areas, builders, and pick your perfect property! Costa Rica is also a solid consideration for a second home because:

  • Democracy for 196 years, stable society, tradition of peace
  • Mostly Bilingual
  • Foreign property rights
  • Blue zone for longevity, excellent health care
  • Quality national public health system, as well as private healthcare
  • Wildlife tours, river rafting, hikes to waterfalls, hot springs, zip lines
  • US Babies born there get dual citizenship
  • Property tax only .25%-.40% (niiiice)
  • Food has no hormones or weed killers

An update to our previous video about buying real estate in Costa Rica —> there’s now NEW foreign mortgage opportunities for US citizens in Costa Rica!!  Previously you had to buy with all cash, so this is really cool! It’s for residential only, no business or land. Interest rates in Costa Rica for locals run high, around 12%. This program comes from a lender in TX, and currently has a 7.5% rate for loans over 100K. No coastline foreign investments closer than 200 meters, though. 720 credit is required, and 30% down is required. If you’d like more info just contact us at 949-338-7408 and we’ll help you on your way to a Pura Vida lifestyle 🙂

Mexico beaches drive global condo buyers

IMG_4057Real Estate expert Alvaro Quirante presented about Riviera Maya and the consistent growth of traffic into the Cancun airport, which creates opportunity. Travel is consistent all year long, so there is no on or off season. Currently they are creating a huge marina, and a theme park, which will create 5000 new jobs in the area. Tulum has been one of the cities that gets the best capital gains each year. A few reasons:

  • Eco-friendly
  • Mayan ruins, top TripAdvisor destination
  • Tulum famous beaches
  • Stable economy with multiple sources of income
  • Properties start around 75K
  • Availability to have major companies back your investment guaranteeing 8-13% yearly ROI, with Lux properties for example.
  • You can buy property with a self-directed IRA

What does the buying process in Mexico look like? We tried to explain it in this video about buying real estate in Cabo…but here’s an easy slide from today’s presentation that guides you through the process:

Mexico buying process

As you can see, each country is really different when it comes to process, ability to get a mortgage / title, and the various property options you have. We LOVE international real estate and would love to help you explore your next global property investment. Simply fill out the form below or text 949-338-7408 and we’ll send you some international property buying tips!

 

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Sustainable & Strong Housing – Meet Sol-Nest

Posted on October 12, 2019. Filed under: Accessory Dwelling Units, ADUs, AirBnB, Building, Construction, First Time Buyer help, Homeownership, Informed Investor Alliance, International Properties, Making Life Easier | Tags: , , , |

Sol-Nest: Building for Humanity

Sol-Nest is “building for the right reasons” and changing the building industry while they do it! Sol-Nest strives to ensure families have a sustainable and affordable roof over their head. Sol-Nest provides people with shelter regardless of where they’re located. It is their mission to reverse the housing attrition trend by “creating resilience and lowering the threshold of affordability.”

Sol-Nest recognizes that fires, floods, hurricanes, earthquakes and tornadoes destroy thousands of homes every year. Your home is an investment, to some it is your greatest asset – the last thing you want to worry about is a natural disaster destroying your home. But how can you minimize the risk of natural disasters destroying your home without packing up and moving?

The Disaster Proof Housing Solution? Sol-Nest

Sol-Nest understands the economic effects that these events cause, thats why Sol-Nest developed a patent pending proprietary building technology that is less expensive than your typical building methods. The new building technology can be used in distressed areas to provide affordable housing, built to last longer than traditional homes. Sol-Nest, LLC homes are built to survive earthquakes, fire, floods and 250 MPH winds.

Hybrid I- Post and Panel System

The patent pending process under Sol-Nest, LLC is called HIPPS™. HIPPS stands for Hybrid I- Post and Panel System.

What Makes Sol-Nest, LLC/HIPPs homes sustainable and strong:

  • The use of indigenous materials 
  • The use of Basalt Filament Rebar
  • Stands up to an ever changing climate
  • The method of laying concrete 
  • Quick assembly: little as eight weeks
  • Designed to be implemented in large-scale housing projects
  • Lower cost of building
  • Ability to utilize solar power to build homes “off the grid”

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If you’re thinking of building anywhere in the world, make sure you build strong. For more information, visit: https://sol-nest.com/

Interested in investing in this sustainable building technology? There’s opportunities in Puerto Rico and other gorgeous areas across the world.

Contact Garry Spain.

Phone Number: 310-625-6622

Email: intercorpresources@yahoo.com

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What the hoo is an ADU?? Maximizing your Southern California Real Estate

Posted on April 16, 2019. Filed under: Accessory Dwelling Units, ADUs, AirBnB, FHA loans, First Time Buyer help, Home Improvement Ideas, Homeownership, Informed Investor Alliance, Lenders & Loan info, Los Angeles property, Los Angeles Real Estate, Orange County Home Improvement, Orange County Real Estate | Tags: , , , , |

Have you heard of an ADU?

Accessory Dwelling Units are additional legal units on your property, and they can help you earn BIG bucks. If you’d like to run a duplex or generate additional income without buying an entire new property, then adding an ADU to your lot is a GREAT option. ADU’s can cost anywhere from 20K-200K, which is waaaay cheaper than a ‘unit’ in today’s Southern California real estate market. That said, not everyone has an additional 20-200K laying around to seize this opportunity, so let’s learn how you can use other people’s money to make some of your own!

Renovation loans are NOT construction loans, so if you have never heard of one… read on. There are multiple options for reno loans, so it’s about finding your best fit. Today we were at Eric C Miller’s Finance of America’s presentation and got some details & highlights for you. Finance of America highlighted how this process benefits you!

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Orange County Renovation loan process in a nutshell:

Pre-qualification –> Offer Accepted –> Disclose –> Underwriting conditional commitment –> Assign Project manager –> Collect credit conditions –> Project Scope & bids –> Appraisal –> Clear to Close –> Sign Docs –> Close –> Begin Renovations

Fannie Mae Homestyle Renovation Loan

  • Utilizes a construction project inspector sourced by lender
  • No minimum in repairs
  • Inspection prior to draw disbursements, up to 5 draws
  • All repairs and improvements must be attached to property, and supported by appraisal
  • Borrowers have 6 months to complete improvements
  • Repairs must begin within 30 days. (it’s ok if permits are the delay…you can pull permits on a property you don’t yet own)

They can be FHA or conventional, and they are a fully amortized single close transaction. 98% of the time they appraise on resales, so don’t worry if you’re buying resale.

FHA 203K – limited

  • nothing structural,
  • limit of 35K,
  • repairs must be completed in 4 months
  • limit of only two payments to each contractor

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FHA 203K – standard

  • can tear down the entire property but MUST use the entire foundation
  • utilizes a HUD consultant.
  • 6 months to complete improvements
  • can loan up to FHA limit for the county, high balance eligible
  • owner occupants only
  • Contract lingo: “The borrower has applied for Section 203k financing, and that the contract is contingent upon mortgage approval and the borrowers acceptance of additional required improvements”…this must be in there, but is not necessary in the purchase agreement.

Things to know & next steps:

  • Choosing the right contractor and renovation team is critical! Always get multiple quotes. If you’re looking for a forward thinking Orange County ADU company, check out RC Smith Design & Build.
  • 30 day escrows won’t fly, renovation loans take 45-60 days.
  • Reno loans are TOUGH. You’ve got to coordinate bids, contractors, and make deadlines. If you’re looking for an ‘easy button’ into homeownership, this may not be it 😉 BUT then again…you could try buying one of these Amazon ADU’s and avoid MOST of the contractor back and forth 🙂
  • ADU regulations are different and ever-changing. Here’s an OC ADU resource to get started. Always check with the city to find out your guidelines before beginning work or submitting offers!

Did you know most people spend 15K on their home the first year they buy it, and they statistically put it on credit cards? Ouch. Don’t be that guy, there’s a better way! Call or text Angie to start exploring your best ADU options at 949-338-7408 or email Angie@AskAngie.com

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Ringing in 2019 with Real Estate Goals

Posted on January 11, 2019. Filed under: AirBnB, Buying in Spain, Divorce, First Time Buyer help, Home Seller Tips, Homeownership, Making Life Easier, Orange County Real Estate, Renting, Selling for top dollar, Selling your home fast, Vow2Save Orange County Real Estate Registry | Tags: , , , , , |

Dream Big, Set Goals, Take Action Chalk Drawing

What will your 2019 look like?

We have some big goals for 2019 – one of them being helping our clients achieve their real estate new years resolutions! Whether it’s buying internationally or crowdfunding a down payment for an engaged couple, we can help you accomplish them all. Every year our whole team writes down their goals for the new year and we try to help each other accomplish them. This year, we want to do the same with all of our clients. Writing them down and being able to cross them off when they are accomplished really makes you feel good and it will make us feel good to be able to help you do that.

AskAngie Team’s Goals

Our team has a few things were really excited for this year! This year we plan to really grow our Vow2Save program. We are looking forward to helping a lot more engaged couples crowdfund a down payment so that they are able to buy a home after their wedding. This has been a goal of ours for a few years, and after a lot of work in 2018 we know it is really going to be taking off this year and we can’t wait to see the things it can do for people! We also plan to travel more this year in order to have the best information in helping our clients buy overseas. Last year we went to Spain and met with Realtors there, but we want to be able to do that in many more countries.

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So much more we can do for you!

If you need help selling or buying a home after a divorce or identifying a good AirBnB investment we can help with that and everything in between. We have various services that we are experienced in. Another goal we know some of our clients have is to stop renting and own their first home and we are so excited to help many people achieve that this year especially with the current rent prices in OC. We can help you figure out what your home is worth and how you can sell it fast and for top dollar! We truly value our time with our clients and being able to help them grow their real estate profile and accomplish their goals. If you have any questions or want to share your goals with us so we are better able to  help you please fill out the form below or contact Angie at 949-338-7408!

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Making Money in OC with AirBnB

Posted on February 9, 2018. Filed under: AirBnB, First Time Buyer help, Homeownership, Making Life Easier, Orange County Real Estate, Real Estate Stories | Tags: |

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Here we are on a wonderful Costa Rica family vacation in Nov 2017 that AirBnB rentals paid for!

Getting help paying your mortgage while traveling the world!

Renting out your home as an AirBnB allows you to travel as much as you want while still making an income to help pay your mortgage. You have complete control over who you allow to stay in your home and you are also in complete control of when you choose to have your home rented out. Why wouldn’t you want to get paid to go on vacation and have someone else paying your mortgage for you? We have had such a great experience using AirBnB and wanted to share what we’ve learned so that you can do it too.

Our AirBnB tips and tricks

Finding a good place to stay while your house is being rented is very important! You’re renting out your house to make money, but you want to be somewhere comfortable too. You want a daily rent potential that is at least 125% of your daily mortgage to insure good profit! When thinking of making your home or a place you buy into an AirBnb, make sure you consider the tourist destination and proximity to arenas and conventions near that property. You’ll also want to make sure that community or city allows short term rentals. We also found it beneficial to make sure we had closets that we could easily lock or a detached garage/storage shed to safely keep items while we were renting out our home.

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Humble houses still make money! Here’s our historical Santa Ana pad before we earned the money from AirBnB rentals to pay for our new walkway.

Systemizing

Having a smart lock such as IglooHome is a great idea. It’s easy for guests, and safe for you. We have “AirBnB Bin” with sheets and towels that are only used for guests, that way the ones we use for ourselves are never used. Shampoo and soap dispensers in the shower are super helpful as well. We make sure our supply closet is always on stock and that we have a house keeper on call, just in case. Syncing with your calendar makes it easier to stay organized with the schedule of your rentals.

Refinancing your Mortgage with AirBnB Income

An initiative is starting this year in order to help you refinance your mortgage using the income you make as an AirBnB host. Previously, banks wouldn’t count your AirBnB income when considering whether or not to refinance your mortgage. Thankfully that is beginning to change. The three financial institutions participating in the initiative include Quicken Loans, Citizens Bank, and Better Mortgage. They have the chance to consider home sharing income earned on Airbnb when hosts in the U.S. apply to refinance their mortgage on their primary residence! This is just another benefit to using AirBnB – someone will be paying your REDUCED mortgage rate which means even more profit in your pocket!

Here’s a video of Angie sharing this information with one of her networking groups!

Finding A Good AirBnB Investment in Orange County, CA

If this sounds like something you want to learn more about, follow our Automatic Millionaire Homeowners group on Facebook! If you want to search out an Orange County property to buy and make your AirBnB contact Angie at 949-338-7408.

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    Orange County, CA Real Estate for hip first-time buyers and investors. Plus, fun things to know and do in OC.

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