All Forum Posts by: Jimmy Sont

I'm looking to build a 200k guesthouse in my backyard that will have good cashflow. My mother originally agreed for me to refi some money out of the equity of a house we co own but then she changed my mind after I signed the contract on the guesthouse. Long story short, I have no primary home and the property the guesthouse is being built on is a LLC with 3 years remaining of 20k PPP. I was looking into unsecured personal loans but they only cover about 50-100k for 1 year duration. I'm okay with a high interest rate up to 15% because I can still breakeven on the mortgage but not sure how to finance this deal without losing my initial payments

I'm looking to build around 700 sq ft 2 bed / 2 bath guest house primarily used for short to mid term rentals. Is there anything I should focus on for the design / layout if the purpose is mainly for renting out?

Hi, I noticed there was new casita/ADU laws that went into effect in Jan 2025. Anyone have clarification on what it means when you can add a 2nd casita on the property?

Thank you! Technically if they called the note, would I be able to get a better rate on the next loan?

Hi everyone, I was notified by my loan company that they made an issue 4 months ago when closing and they put down my personal name instead of my business name for the signature. They would like me to sign a new document to update this so they can sell the loan to an investor. How should I proceed if the terms will remain the same?

I'm currently looking for a lender that is experienced with bank statement loans or DSCR loans in AZ. My current broker has spent 2 months trying to find me a good lender but not much luck. The first lender was slow at responding and the second lender wanted an extra 10% down for a total of 30% down for using AirDNA data and for the appraisal showing a "declining" market. Thanks in advance

I'm also looking to meet up with like minded investors in Tucson!