All Forum Posts by: Jared Rice

@Cassidy Burns thank you! I had already reached out to him so that's perfect. 

@Jaycee Greene this is great!! Super helpful to see this all laid out. 
so I was thinking I would try to use the second home mortgage for lower down payment but then self manage and rent full time. I did not anticipate using it as a vacation home for my family more than the 14 day limit. So I think that should work. 
but no doubt this was useful to see all laid out. 
thank you! 

@Jaycee Greene interesting! Tell me more.

I'm very new to this and haven't explored lenders so much. I have read/heard about the second home loan option which often allows a 10% down payment, restricted to only one house in any given market and just be a certain distance from our primary home. 
Can you share more details about IRS and lender restrictions as a result of this option?

Hi @Johnny Short

My wife and I are looking in Luray area for an STR investment. How has your cabin been doing? Have you made any traction on new construction? I've been curious about that as well as we haven't seen any great opportunities yet and she has a design background and would love to build something from scratch.
We’re outside DC so some familiarity with the area but not a ton  

@Stephen Morales Thanks for the welcome! 

Hi @Jaycee Greene

Definitely SFR for now. We aren't completely certain on size/budget yet. Ideally 3-4BR. Turnkey is OK but not required. We def want to invest in some rehab/upgrades so that is part of our budget outlook. Down pmt in the $50-100k range. Since this is our first I was thinking we could possibly do 10% down with a second home loan.

My wife and I are aspiring first-time investors currently doing everything we can to educate ourselves and plan for our first property. We are targeting an STR vacation home in the Shenandoah Valley area.

I work full time in IT and my wife runs her own Interior Design business. We hope that STR investing and management can replace and grow our current income and help us build family wealth.

@Michael H. Cook this post is so helpful! I’ve been looking at this area to invest in a vacation rental property. 
Any change to this info in the last year or two? Is occupancy pretty steady year round? What are the slowest months? 
Do you work with investor buyers in this area? I’d love to connect and talk more.