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All Forum Posts by: Justin McDaniel

Justin McDaniel has started 2 posts and replied 4 times.

Post: Short-term rental financing

Justin McDanielPosted
  • Charlotte, NC
  • Posts 4
  • Votes 0

3 options for us as we build homes in a vacation rental market and are looking to expand into holding some of our builds or purchasing other properties to rent:

1) We build, begin leasing, then refi

2) We utilize a build-to-rent product for a single closing

3) We purchase an existing home to hold as a short-term rental

Post: Short-term rental financing

Justin McDanielPosted
  • Charlotte, NC
  • Posts 4
  • Votes 0

Adding a nuance, also interested in a "build-to-rent" financing option, but necessary for it to be available for short-term rentals (vacation).

Post: Short-term rental financing

Justin McDanielPosted
  • Charlotte, NC
  • Posts 4
  • Votes 0

Hi all - looking for recommended lenders for short-term rentals in North Carolina, preferably to be held in an LLC.

Thanks!

Post: Heat Pump Pricing

Justin McDanielPosted
  • Charlotte, NC
  • Posts 4
  • Votes 0

Hi all,

Looking for suggestions on a 1.5 ton heat pump replacement for 900sf condo.  From my research (google), it seems I should be finding pricing close to the $3k range, but so far two quotes have come in ~$5,600, and another at $6,800.  I looked up the system to be used for one of the $5,600 quotes and the complete system costs ~$1,800 shipped.  Why then would the installation come in at nearly $4k more (for a one day install)???

So I am curious, do any of you buy the unit yourself and then just hire out the install?  It seems like perhaps a lot of that markup must be tied to the unit itself, or is this pricing reasonable?

Perhaps I am missing something.  Any advice would be greatly appreciated.  I am in the Charlotte, NC area in case anyone is local.

Thanks!!