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Updated over 4 years ago on . Most recent reply

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Joe S.
  • Investor
  • San Antonio
2,931
Votes |
3,395
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Financing houses to short term rental operators?

Joe S.
  • Investor
  • San Antonio
Posted

Has anyone had any positive results from financing properties to people that own short term rentals? If I financed a property I would want more than the market rent rate or why would I lose my asset and future appreciation? My thoughts were if STR Operators are really tearing it up like they say they are maybe that would be a good fit for them and for me. If I'm dreaming please tell me so. Any thoughts or feedback would be appreciated! :-)

  • Joe S.
  • Most Popular Reply

    User Stats

    575
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    580
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    Robert Gilstrap
    • Residential Real Estate Broker
    • Cartersville, GA
    580
    Votes |
    575
    Posts
    Robert Gilstrap
    • Residential Real Estate Broker
    • Cartersville, GA
    Replied

    I just refinanced 6 properties in th elast 2 months and I can tell you I had a 100 places I could have gone to for funding. If you mean new purchases , OK I get that and you see 20-25% but remember that of LTV. I can get a loan all day long with zero out of pocket depending on the deal I find.

    Not trying to dissuade you, just saying its much easier than you think unless you are only going after complete newbies who will agree to anything and pay anything.

  • Robert Gilstrap
  • [email protected]
  • 770-480-7301
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