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Regina Hill
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New, need some solid advice/options on property

Regina Hill
Posted Aug 12 2024, 09:35

We have just completely renovated a SFR (from the gound up, everything new, foundation, roof, HVAC, etc.). Our intent was to sell, but we are not having luck and need to move in another direction, carrying costs are draining us. Our construction loan is nearing the point we need to convert the loan. We are exploring keeping the property, at least for a while for a STR, already know ok per city regs. Prefer not to rent, but open to any other options you can offer. We are exploring refinancing with our bank, however, I feel there are probably better options out there, along with rules with this type of investment, holding times, etc. that we just don't know. Help me, tell me what I don't know that I need to, and any reputable contacts for financing options, etc. I can research. Thanks in advance.

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Clint Jusino
Pro Member
  • Dallas
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Clint Jusino
Pro Member
  • Dallas
Replied Aug 12 2024, 10:15
Quote from @Regina Hill:

We have just completely renovated a SFR (from the gound up, everything new, foundation, roof, HVAC, etc.). Our intent was to sell, but we are not having luck and need to move in another direction, carrying costs are draining us. Our construction loan is nearing the point we need to convert the loan. We are exploring keeping the property, at least for a while for a STR, already know ok per city regs. Prefer not to rent, but open to any other options you can offer. We are exploring refinancing with our bank, however, I feel there are probably better options out there, along with rules with this type of investment, holding times, etc. that we just don't know. Help me, tell me what I don't know that I need to, and any reputable contacts for financing options, etc. I can research. Thanks in advance.

Hello Regina. I'm going to send you a DM to our DFW Investors group that may be able to help with this situation.

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Regina Hill
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Regina Hill
Replied Aug 12 2024, 10:51

Great, I'll look for it!  Thanks!

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