All Forum Posts by: Kendra Star

We are considering selling our STR in Largo.
let me know if you are looking and I can send you pics etc

Yes I agee my co-host provides all of these. This is what gave them value and why I decided to go with a co-host

There are ways to make money in this market and it depends on what your goals and budget are. It is a market that is very saturated. I spent a lot of time researching this area and ultimately we bought a house 1.3 miles from the beach. It is very very difficult to make any money with a condo on the beach with the high condo fees and high prices. There are also a lot of restrictions in the different towns in that area so doing research for your desired market is important. We ultimately chose to purchase in the area because we like the area and plan to vacation here occasionally ourselves. We are expecting to make a modest profit over the next few years.

Thanks for responding. That rate is much higher than what we are willing to pay. If we can't get a Canadian bank to lend to us we will figure out something but would prefer to have a mortgage for the write-off.

we are looking in to buying a property in FL. After a ton of research and speaking with a great cross-boarder lawyer we have been advised to set up a LimIted partnership to purchase the property to give us the best liability protection as well as tax protections. Problem is the banks (who already pre-qualified us) don’t want to lend now. Has anyone done this before? Have any suggestions? I don’t get if we are personally guaranteed the mortgage and it is a lImited partnership why they won’t lend u see that umbrella. Is it just that the mortgage broker doesn’t understand the LP structure?

Any help would be great