All Forum Posts by: Joshua Telles

Hello Everyone,

I'm closing on my first mid-term rental this september and want to prep it up to put it on furnish finder. The property is going to be close to 3 hospital systems with various FSED's around them (I work in the medical field as a radiology manager). I feel that this property is in a prime location for travel nurses and professionals.

I've been reading/listening to "30 day stay" to prepare me for whats to come, but also wanted to connect with other investors new and tenner on any tips or procedures they recommend when doing mid-terms, especially on furnish finder.

Thank y'all!

Yes, currently there are new builds going for 30k off, with builder buying down points, and covering a portion of closing costs. The first loan officer offered a 7.8 on a DSCR, but the builder is able to do a 5.8 with mentioned incentives.

Hello everyone! 

First time posting and getting into the investment scene, I currently have a single family home that was my previous primary, and looking into purchasing my 1st true investment property, trying to find some advice on the financial aspect of the purchase, here's my scenario;

Currently going through pre-approval with the builder and I do have liquid assets enough to cover the downpayment for the property (40k) but I do have a car note (41k, 800 monthly, extra 500 to principal monthly) and a Patio upgrade (25k no interest till March 2025).

I'm unsure if route A) Payoff the car note, and patio with liquid.... and do a 2nd mortgage on the single family (40-50k) for the downpayment on the investment property, or B) just use the liquid to pay for the downpayment and ride out the car note and patio till when its due.

Had a rough quote on the 2nd mortgage which would be 500 monthly, and I guess a follow up question would be; If going route (A) would I need to get the 2nd mortgage before or after pre-approval from the builder? When should I do the 2nd mortgage route for future investments?

Thank you again everyone and I'm excited to be a part of this group! Trying to see financial freedom!