All Forum Posts by: Carolyn Leonforte

@Rachel Keen hey there!!! How did you stumble on this post? Are you looking in the same area?

@Timothy Doenges Thanks for the quick reply!

Following this thread. I just spent a beautiful and fun week riding the trail systems for my honeymoon. My husband is an enthusiast who knows the trails well and travels to the area a couple times a year. I want to purchase a short term rental property (or maybe a couple) centralized between trail systems (thinking Kimball and or Delbarton ish). Love the idea of having a place to go that is our own and then we can make a few bucks on the side in between bi-annual vacations. I currently have a very successful Airbnb in Mayo MD (plus an additional rental property) so I have experience with the logistics. I can't find much on Zillow or Redfin, but saw a plethora of for sale by owner signs over the last week. Definitely need a real estate professional to help navigate. @Timothy Doenges and or @Anthony Hosea do either of you have experience in the area? I am flexible and open to BRRR and/or land for new build. My ultimate goal, once I retire from the Air Force, is to obtain my real estate license in order to enhance my investment opportunities, but right now I am still a novice :)

Some of the challenges that I feel I face starting out the gate are finding the RIGHT rehab company if I BRRR and then finding the right team to help with turnovers. The ownership team of one of the cabins we stayed in continually finds it challenging to keep good housekeepers and grounds staff.

Finally, side note, I am stationed in Ramstein, Germany. So a lot this process for me is going to be based on blind faith in the professionals that I wind up trusting. JP, my husband, lives in MD and can come down if needed but also runs his own company so his time is also precious. Of course, if I give him an excuse to go down and ride... well, maybe he can help more than I originally expected :)

@Kaleb Andrew Hanshaw do you have any positive or negative experiences you want to share on here or privately?

Looking forward to coming back to the US of A here in a year or so!  I also look forward to conversations on here or privately. 

Thanks in advance y'all!  

Carolyn

Hello Everyone, 

I am interested in a virtual meet up, for sure!  I currently own a rental property in Midwest City, OK (looking to purchase a second) and operate an AirBnb in Maryland.  I am stationed in Germany at the moment so 6:00 pm CST is 1:00 am for me. Do you have any interest in starting the chat a little earlier?  

Carolyn

@Jaysen Medhurst, Thank you!  Fair enough they are all in the same city :). PM'ing now

@Jaysen Medhurst and my question is what is your experience with blanket loans? Where do I start if local mortgage lenders are saying it can’t be done?

@Jaysen Medhurst thank you so much for your feedback!

Good evening! I have two rental properties in two separate states (MD and OK). I plan to jump into my first BRRRR using my equity, very excited!

I would like to do a cash out refinance of both homes, or potentially a HELOC. I was under the impression that I could combine both mortgages into a single new one and pull out my equity in both the homes. I recently reached out to a local mortgage lender and they said it can't be done because the properties are in two separate states.

Does anyone have experience in this? Any advice or examples you can share is much appreciated in advance!

-Carolyn Leonforte

@Ola Dantis agreed! I want to buy now so I have time to grow before I leave the military.

@Dj Hume thank you for your input!