All Forum Posts by: Carlos Pelegrina

Hi Michael, absolutely you will need a good level of design. On flips, long and short term, design calls the type of buyers or tenants you want in your place. It makes always a difference compared with the competition. I am an architect and designer with experience in the short term and I know the Catskills area. contact me if you need some help, I will be happy to help.

when you enter the purchase and remodel budget in the BRRR calculator. does it consider the remodel price as part of the first loan or as an out-of-pocket amount? This is an issue I have when lenders finance % of the purchase and 100% of the remodel. how to you enter those in the calculator?

 Just my lender doenst do these type of locatinos, its a house in 5 acres abut there are properties 5 minutes away.. difficult to have comps because are all over the place but, I have a licens e and homes sale very well in the area

 it has electicity, is close to a town but its in 5 acres.. what makes homes far from ech other.  I am borroing for short term rentals (aribnb, booking, VRBO etc) 

 They want to have clear comps.. I have license RE license and Know for how much properties go in that area, but my lender I guess considers risky these places. there are comps but spread out.

 HI Michael, I tried Hostaway and found it very complicated and terrible customer service, very frustrating... I am using uplisting, which is smaller and easier to use, and I am very happy with it for now. 

Does anybody have a good experience with short-term rental financing in rural areas?
Which are the best lending companies for Airbnb?

Does anybody have a good experience with short-term rental financing in rural areas?
Which are the best lending companies for Airbnb?

 Mi Michael, at the moment, just 3. I am using uplisting and its working pretty well