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All Forum Posts by: Gabriel Hamilton

Gabriel Hamilton has started 1 posts and replied 4 times.

Post: Changing Our Airbnb to Pet Friendly

Gabriel HamiltonPosted
  • Rental Property Investor
  • New York, NY
  • Posts 4
  • Votes 0

Good idea. In my experience, people are going to bring their pets regardless of whether you allow them or not – so you might as well charge them for it!

I charge $60/pet. But if you're successful with $100, I might have to raise my price!

Post: Second-Home Loan on a Multifamily Property?

Gabriel HamiltonPosted
  • Rental Property Investor
  • New York, NY
  • Posts 4
  • Votes 0

@Ryan Hastings , thanks for pointing that out. I'll follow up with a mortgage broker – hopefully they can find a lender with some flexibility.

Exactly right. The lower down payment is super appealing, but I hadn't considered any creative financing.

Post: Second-Home Loan on a Multifamily Property?

Gabriel HamiltonPosted
  • Rental Property Investor
  • New York, NY
  • Posts 4
  • Votes 0

@Chris Svendsen – definitely planning to use the house for at least a few weeks per year, but I appreciate you looking out for me!

Post: Second-Home Loan on a Multifamily Property?

Gabriel HamiltonPosted
  • Rental Property Investor
  • New York, NY
  • Posts 4
  • Votes 0

Hey BP Community!

I'm scouting properties in upstate New York and found a great duplex. It has an existing long-term tenant in one unit and I plan to STR the second unit. My question is: can I get a second-home loan on a multifamily property?

I've run successful STRs in the past (and currently in other markets), I have a great FICO score, and my W2 income is good, but I've only ever heard of second-home loans on single family rentals. Thanks for your input!