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All Forum Posts by: Jonathan Soto

Jonathan Soto has started 7 posts and replied 673 times.

Post: BRRR long term buy and old for STR or long term rentals

Jonathan SotoPosted
  • Lender
  • Newark, NJ
  • Posts 690
  • Votes 252

welcome!!!! best of luck on your journey

Post: Short Term Rental Questions

Jonathan SotoPosted
  • Lender
  • Newark, NJ
  • Posts 690
  • Votes 252

welcome!!! best of luck. make sure you are speaking to a knowledgeable person in your area as you might be getting false information

Post: Renovation On A Property

Jonathan SotoPosted
  • Lender
  • Newark, NJ
  • Posts 690
  • Votes 252

my condolences on your recent lost.

there are a few ways you can do this, as mentioned above you can take a heloc on your primary residence which will give you a second mortgage, first mortgage payment wont be impacted. you can do cash out refinance which will give you one mortgage and payment. it will pay the old mortgage and give you money in your pocket to pay for the rehab.

or you can do a renovation refinance which is similar to cash out refinance but we would contractor involved  as part of the refinancing and they are paid through the loan

Post: New to real estate and investing.

Jonathan SotoPosted
  • Lender
  • Newark, NJ
  • Posts 690
  • Votes 252

Welcome! best of luck on your journey

Post: Long Time Lurker

Jonathan SotoPosted
  • Lender
  • Newark, NJ
  • Posts 690
  • Votes 252

Welcome!!!! best of luck on your journey

Post: Rental Property Investor Newbie

Jonathan SotoPosted
  • Lender
  • Newark, NJ
  • Posts 690
  • Votes 252

Welcome, best of luck on your journey

Welcome!!! best of luck on your journey.

Post: Do you run screening in all the potential tenants?

Jonathan SotoPosted
  • Lender
  • Newark, NJ
  • Posts 690
  • Votes 252

anyone over the age of 18

Post: How to stock your airbnb best practices

Jonathan SotoPosted
  • Lender
  • Newark, NJ
  • Posts 690
  • Votes 252

just specify you have starter items in your listing