All Forum Posts by: Dalton Clem

What do you think? Do you think housing prices will be coming down in 2023 / 2024, stay the same or go up?

Hello, 

This is in regards to residential zoning. The town I live in (WISCONSIN DELLS) has STR rules which require no less than 7 days but no more than 29 days for STR. When I check Airbnb listings they show listings that can be booked for a day or so, which are not the towns rules. I am considering doing STR on my property in the future but want to abide by the rules and stay on good terms with the town. Are these listings breaking the rules or is there something I am not aware of. I have contacted the city twice for clarification but gotten an "out of office" message both times and never gotten a reply when they were suppose to be back in the office.

Looking to find out the demand for rentals in any given city. Any way to do this?

Hello. I see that in the Florida Keys you have to have a week minimum when renting houses, etc. Though on airbnb plenty of places are renting out 1-2 days minimum. Are they doing this illegally or is there a loophole I am unaware of?

I am curious as my fiancé and I are moving to the Keys and are toying with the idea of doing short term rentals as well. 

Thanks!

I plan on purchasing and moving into a house out of state (my home state). Will lenders look down on the fact that I am from out of state and not working in the state where I am purchasing?

Hello. I am a first time buyer looking to purchase a multi (commercial and residential) using an FHA. I have been looking on LoopNet for the lower range of investment opportunities. I found some apartment complexes with business retail included in a small, nearby town that are 100% leased. After putting 2.5% down, my monthly payment would only be $2000. If I rent out all the apartments but one, and only 1 of the 4 business retail units than I would be pulling in $2000 after the mortgage is paid.

I want to do this for passive income as well as a appreciation so I can than purchase a house. I would also live in the apartment complex until I could afford said house.

Would a lender typically give a newbie like me the responsibility of a complex with no management history, or do they typically not care as long as I have the 2.5% down and good credit? Will lenders on commercial typically take 2.5% down with an FHA?

Curious what else I may be looking over or not considering. Thanks!