All Forum Posts by: Angeline Rebottaro

I'm looking to add some new features to my STR and considering a hot tub. Is there one you'd recommend for the frequent use of an STR? Costco hot tubs are affordable, but I heard that the service on them stinks and there seem to be a lot of reviews against the texture of the seating.

Thank you!

1 Vote

Hi all,

I have one vacation home in Northern MI, and am renting it for the first time. It is mortgaged under a 10% down vacation loan. I have an opportunity to purchase a 2nd property, that is more than 50 miles away, which I believe being in a different market allows me to take another 10% vacation loan. However, I am trying to remember the legal requirements for renting your vacation home. I want to say that they can only be rented a certain number of days per year (180 I think?), and you have to stay there a minimum number of nights per year (7? 14? I don't remember).

I'd like to take advantage of the lower DP loan, but I also want to follow all the legal guidelines. Not interested in going to the slammer anytime soon lol.

TIA,

Angeline

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Originally posted by @John Underwood:

Amazon, Kohls, Sams club.

John, are there any brands that you can recommend in particular? Or, do you tend to go with what is most affordable? Thanks!

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Originally posted by @Luke Carl:

amazon. if it requires more than 2 minutes of effort it doesn't work for my systems. Amazon is one of the biggest reasons why the United States Of America is the greatest country on the planet. Don't believe me? Go live elsewhere and see how much you miss it.

Just finished Avery's book, a lot of good resources in there!

1 Vote

Hello!

What are your favorite places to get linens? I know a lot of people prefer Costco for sheets, but what about towels, mattress/ pillow protectors, and comforters?

I had a few things from Ikea but they don't hold up the best over time.

Thanks,

Angeline

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Chris, what do you mean by R/T?

Originally posted by @Cris Normandt:

Hi @Angeline Rebottaro Reid is correct on this. Both Fannie and Freddie have 75% LTV on their Cash-out Refi loan programs. If you decided to go with a R/T refi the LTV could be as high as 90% assuming good credit.

Thanks,

Cris

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My credit union is telling me the max LTV they can do is 75% on a second home. Is there anyone out there that does better than this?

Thanks,

Angeline

1 Vote

STR is where it's at. Love this!!!

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Originally posted by @Hal Wilkerson:

For reasons mentioned above. I called them myself to see what they offer, and it's literally just that - they basically are a psuedo direct booking company. They list, book, collect the cash and pay the homeowner minus their booking fees. Pretty much all the on-the-ground management still has to be done by owner. Airbnb does the same thing, with a much greater reach for 3%. They will say that they advertise in many places that AirBnB doesn't, which may be true, but for paying that much more, it doesn't seem to be worth it to me.

That was kind of the vibe I was getting from my research. Thanks for your help!

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Originally posted by @Hal Wilkerson:

I would stay far away from Evolve. That 10% will be a wasted 10%.

Any particular reason why?

1 Vote

All Forum Posts by: Angeline Rebottaro

Angeline Rebottaro has started 9 posts and replied 27 times.

Post: Best Hot tub for STR?

Post: Renting a 2nd or Vacation Home- Legal requirements

Post: Best place for linens

Post: Best place for linens

Post: Best place for linens

Post: What's the best LTV Cash out refi out there now?

Post: What's the best LTV Cash out refi out there now?

Post: $400,000 PROFIT and NO Taxes 😲 How I turned $25K into much more!

Post: Anyone use Evolve management?

Post: Anyone use Evolve management?