All Forum Posts by: Nick Velez

I operate a STR in in Gainesville and a vast majority of the travelers come for other reasons besides UF. I just grossed $6300+ last month on a 270k property which is a pretty solid return.

As far as meet ups, there is one hosted at world of beer.  Shoot me a message and I will connect you with Jennifer who is a local realtor and I believe helps organize the meet up. 

@Derek Nemec

DSCR loans would be another avenue to go. 30 year fixed and rates are around 1-1.25 higher than conventional loans but they do not factor in DTI or income.

@Adrienne Green

As far as realtors go, Adrienne is a rockstar agent who serves a lot of investors.  I would recommend reach out to her. 

@Vince Osuna

There are lenders who can do DSCR loans that don't take into account your dti, and can use airdna data to qualify you. Feel free to message me if you have any questions about them!

@Kenneth Smith II

Hey Kenneth, 

A DSCR loan would solve the dti problem for you. It qualifies you based off the cash flow potential of a property and your credit score. Income and dti is not taken into account. With rising interest rates on the conforming side, they are a super competitive product. Feel free to message me if you have any questions!

@Felicia Cameron

Hey! Were these late payments on your mortgage or other items? 

@Nicole W.

I had a client go with the pipe relining and it was a fraction of the cost versus traditional methods.  They haven’t had any issues with it and it seems some companies will offer a 50 year warranty on it. 

@James Salazar

That is quite a situation! 
An alternative solution would be pursing a DSCR loan which does not take into account your personal DTI.

@Ryan Cummings

Hey Ryan, 

There are lender who will allow 15% down on DSCR loans and looser PITI reserve requirements. You can also can an exception to use AirDNA data as well depending on your experience and the property. Feel free to message me if you have any specific questions!