All Forum Posts by: Chris Holt

Banks will start pricing this in well in advance of the change occurring. I would recommend locking sooner rather than later.

I agree that it's likely long overdue, it hasn't made sense that loan pricing has been better for second homes than for traditional investment properties. The change in pricing on second home loans will go into effect nationwide however, not just high cost markets.

Expect higher rates on conventional financing 2nd home loans very soon.  The new Fannie/Freddie pricing adjustments will translate to rates similar to investment property rates.  You will still be able to put 10% down, it will just cost more.  Full news release:

https://www.fhfa.gov/Media/Pub...

This is exactly the kind of discussion/information I was hoping for, thanks everyone!

Hey all! Is this happening this month?

Super helpful, thanks!

Hello all! New STR investor here (just purchased my first, prior to finding Bigger Pockets, looking to take on my 2nd). I am at the beginning stages of evaluating technology stacks to maximize revenue, increase efficiency, etc. What are your favs?

Also, a specific question: how does the smart pricing with AirDNA compare to the PriceLabs app? It seems that AirDNA assists with both market research AND STR rental pricing, whereas PriceLabs is geared more towards just dynamic pricing. Is there a benefit to utilizing PriceLabs if you are already incorporating AirDNA?

TIA for any help, feedback, etc.  And Happy New Year!

Hey all! Looking to possibly do my first STR in Wilmington, hoping to be able to come out and join. Is there an event 1/4?