All Forum Posts by: Katrina P.

Just correcting my grammar here...not sure why I can't edit my post.

*by

Oh my gosh, you guys are so funny!

Anywho, I don't know why it bothers me when people speak so matter-of-factly. I am both an agent and an investor; and I do both successfully. You absolutely can buy a house with a bank statement program, where you can literally qualify to buy a home buy showing 3 months of income/revenue. It is more expensive, but it can be done.

Also, I hear of the NAR statistics all the time. There may be a lot of agents who fail, but it doesn't mean YOU have to. Also, MOST agents I know are successful; so those statistics never play out in front of me. You can build a sales business these days just based off of paid referrals. It's pretty easy in my opinion.

Lastly, I agree....there are many benefits to having a license. Some have been mentioned above. Maybe start off as a dual-career agent while you learn the business, get a few sales under your belt and see if it's actually something you enjoy, then go from there. Best wishes!

@Kyle Mccaw what market is your STR in? Those returns are astronomical!

@Chris Seveney thank you for your reply!

Hi All!

We will soon be purchasing a new primary residence. However, we would love to establish a HELOC here (for the purposes of investing) prior to purchasing the new home. My question is are HELOCs always factored into your DTI even if the balance is $0 when closing on the new home?

@Upen Patel so it is possible to get 100% of your initial investment back out from a turn-key property if one is able to negotiate a 15% discount on the purchase? Sounds like this could potentially be a great way to avoid the 20% down on purchase.

@Samuel W. Following this thread, as I am interested in doing the same thing. If your LTV can only be 75% of ARV (1.32M) which equals $990k, your max cash out will be around $202k, which leaves $60k still in the deal, correct? Just making sure I'm following you.

@Myrtle Mike Thompson Could you message me? I'd love to discuss purchasing an STR in Myrtle Beach with you! Thank you!

Hi everyone! Just refreshing this thread, as I am also interested in purchasing an airbnb in the Bahamas. Anyone have any recommendations for lenders who will lend in the Bahamas?

@Scott Roberts my point is not to necessarily negate anyone's viewpoint. However, his question was "Is this possible?" And since I know that the experience of me and others on this forum proves it is more than possible, I am absolutely going to say do not listen to naysayers. It's been proven to be possible. And I stand by that. Obviously this type (or any other type of investing, for that matter) won't work for everyone. Each of us have to figure out which type of investment will work for us.