All Forum Posts by: Eric Baker

@Tim Corey I've not looked into anything STR as of yet because my area doesn't have a high demand for it, but I would imagine a credit union would be more apt to look closely at those numbers. I like credit unions because they don't have all the red tape that most other big banks have. Plus with a solid relationship at a credit union you can use that for years and years.

@Colton Hart I've been looking into getting lines of credit for instances like these. Your ARV I'm sure will be much higher once renovated so you can just apply for a conventional mortgage after the fact. And the good thing about lines of credit is you can do interest only payments similar to a construction loan or break the payments however you see fit.

@Tanner Carson looks like I’m a few years behind, but I’m hoping to get moved back to the Yoakum area and get into flipping out there in the next year. Have a few deals in mind, but stuck in the analysis paralysis stage. I saw you had a mentor, is it George Scott by chance?