Record Breaking Hotel Rates for Spring Break

[Jason Wray]

Check it out good news for LTR/STR/AIRBNB investors who own real estate especially in Florida. The Vinoy Hotel in Downtown St. Petersburg has hit an all time record standard room $1000.00 a night! Other Hotels and STR's are booked through the year with small openings based on fall out only. I am excited about this because in my area and Nationwide this opens up more confidence in the purchase market. Don't be afraid of the rising rates that are due to the Feds attempt to slow down the hyperinflation! Cash flow is key and this is a little foreshadowing to give us REI some insight to the future.

Lending is also opening up its guide lines with Non-QM loans being offered since 2022. Lower down payment for Multi-family homes on DSCR programs, Bank statement programs for both new investors and help for self employed borrowers with less then 1 year 1099. That's right less than (1 year) not 2 years with these new Non/QM loans and DTI is getting stretched to a big 50% on back ends. That is a huge amount of wiggle room on some of the new loan programs being offered for investors.

Please note I am not advertising I am sharing some exciting news!