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All Forum Posts by: Paul Politte

Paul Politte has started 1 posts and replied 5 times.

I've been using a combination of Pricelabs, Rabbu, and AirDNA. Am I correct that AirDNA includes cleaning fees in the Rentalizer's revenue projections and ADR numbers (as well as its data from comps), while Rabbu and Pricelabs do not?  

Post: Financing Options in North Carolina

Paul PolittePosted
  • Investor
  • Cary, NC
  • Posts 5
  • Votes 1

Good to hear, Joseph - would love to own a STR at some point in Western NC. We love the mountains. Still am hoping to make it to the new investors TREIA meeting sometime in the next month or so - would be great to connect there if we coincide!

Post: Financing Options in North Carolina

Paul PolittePosted
  • Investor
  • Cary, NC
  • Posts 5
  • Votes 1

Thanks, @Christina H. - I will definitely check it out!  Helpful to know they have meetings just for new investors.

Post: Financing Options in North Carolina

Paul PolittePosted
  • Investor
  • Cary, NC
  • Posts 5
  • Votes 1

Thanks to you both; this is great advice. Though I do have some mentoring help, since it isn't local so you are right @Jason E. Smith I will try attending a REIA meeting.

I will also be sure to read Brandon's book, @Jeremy Wirths- it's on my shelf, I've just been immersed in the other great BP reads. I'm glad to hear I'm on the right track with local banks. Thanks again!  

Post: Financing Options in North Carolina

Paul PolittePosted
  • Investor
  • Cary, NC
  • Posts 5
  • Votes 1

Hello Everyone - I'm a rookie investor in Cary, NC looking to get started investing in the Triangle area (SF, Small MF / BRRRR, B&H, Flips).

Since I'm not quite able to buy with cash, I'm curious if any of you have recommendations for local credit unions/smaller banks that offer financing (fixed rate or adjustable) for less than 20% down. I've found promising leads with SECU, and also looked into Coastal Credit Union, but I wonder if there are if there are other local portfolio lenders offering short loan seasoning periods (<6 months), or who are even potentially able to roll the rehab into the loan?  Thanks in advance! 

-Paul