All Forum Posts by: David Martin

Hello!

I'm currently renting an apartment and have been considering purchasing an investment property to Airbnb. I have zero debt and don't own a home -- what is the minimum down payment I can put on a single unit investment property? I've seen 15% in a few places, given I have a good DTI ratio and high credit, but I'm curious if I could go as low as 10% since this would be my first mortgage.

Thanks in advance!

Hello! My wife and I are planning to purchase a rental property or two in the near future and are considering purchasing them through a real estate LLC that we establish. I understand that most banks won't offer conventional loans to LLCs -- thus, is it pointless to purchase these properties via an LLC when we're just starting out?

Hello! I've been researching subject to deals and was curious about who is building equity in these situations. I understand that the buyer takes the property title but is making payments to the seller's mortgage company since the mortgage is still in the seller's name -- does that mean the seller technically builds equity, or is it just whoever holds the title? If it's the seller who's building equity, at what point does the equity switch to the buyer, if ever?

Also, can someone explain how the seller gets the mortgage off their Debt to Income ratio? I found brief mention that using a mortgage servicing company can remove 75% of the mortgage from the seller's DTI on the buyer's first payment, and 100% after a year of successful payments, but would like to understand this more.

Thanks in advance!

Hello! 

My wife and I currently live in an apartment, would like to move into a home within the next year, and would also like to start investing in some STR properties. Is there a clear answer of which one we should do first?
I know most people would likely recommend house hacking and then getting a STR afterwards through a cash out refinance or just built up savings, but I'd also love to know about strategies that don't involve house hacking. 
Our rent is relatively cheap, and given that interest rates are still rising it seems like getting an STR in the next few months could make sense if it cash flows well and can then help us get a family home. 

There's probably no right answer, but any thoughts are greatly appreciated!