All Forum Posts by: Mike Grudzien

Ok community - coming to you with the big question and need some pro advice. In about 2.5 weeks, if all goes to plan, I'll launch my first STR. It is for a ski condo which we closed on in October and have been renovating. The peak ski season will be from December 26 through the end of March more or less. So that means when I launch, I will be 30 days out from one of the biggest weeks of the season. The place sleeps 8 so suitable for 1-2 families. I'm not looking for advice on the price to charge. I can figure that out. I'm interested in advice about my relative price and about the pace at which to drop it. It's brand new inside. Should I still try to undercut competition? If it doesn't book in the first week of listing, should I drop prices? After two weeks? Happy to answer other questions, but don't want to give out more info than you need.

When you have access to enough DSCR lenders you realize that there are DSCR loans for every occasion!
80% Cash Out No Seasoning
3 Month Seasoning
6 Month Seasoning
Short Term & Long Term Rental Options
Vacant Options
Manufactured Home Options
Some lenders will do 100% of your purchase price + rehab costs
Some lenders will do 120% of your purchase price + rehab costs
Some lenders will do 140% of your purchase price + rehab costs
Some lenders will allow for PadSplit Properties
Buying correctly with hard money can also allow you to get your cash back from the hard money loan so that you can do a Rate/Term refi with almost all lenders having no seasoning and getting better rates due to not being a cash out refi!

Message me, i know a guy that can do all of the above.