All Forum Posts by: Rosalie Evans

 The loan is serviced through a company called Home Pointe which is I think, somehow associated with Service Mac. The loan was originated in May of 2022. 

 It was a conventional loan with 20% down. 

Is it risky at this time to ask your bank to allow you to put your investment property into a single member LLC? I opened an LLC just for this reason but I have not transferred it. I have heard that some investors just do it without asking. I have heard that sometimes these notes get called. If my note got called it goes without saying that the interest rates would torpedo any chance of cash flow. Does anyone have any advice on this topic. TIA!

I am in the process of buying my first short term rental. I am under contract with a closing date in the first week in May. My mid score on Fico 2 is 723. I do have some crappy student debt but I am working on addressing that. My question is would I be crazy to start looking into a second short term rental and get a DSCR loan or should I wait 12 months and do another conventional? I have been studying up on the STR industry for 2 years and I am to the point that I am comfortable making a move but I do not want to be to aggressive and somehow burn myself with that. Any advice for a semi newbie?

Hello Kyle! I am a newbie as well but I am going to answer anyway. I like crime grade.org for crime statistics and there is also a lot of information if you go to citydata.com. I am not sure if there is a place where you can find all of this information all together so I will follow this thread. 

I am looking for tips to not get taken advantage of while buying out of state. I just got out of a contract for a property that was supposedly "move in ready" and "available for immediate rent." The house had purportedly been updated and maintained over the years. However none of that was true. The home inspector flagged about 60K of issues of major and minor concern. So any tips so I do not have to do this again? I mean other than a inspection and a video tour? 

I am looking to see if there is a map of places that are more friendly or less friendly towards short term rentals. The Airbnb site used to have one apparently but I have been unable to find it. TIA for any help with this. 

Thank you both for answering! I am looking to buy with cash so the mortgage would not be an issue, but I do need to check into the rent control thing for sure! I will follow the links you sent and read up. What is the name of the office that I would need to call to find out about rent control? Do either of you know?

I am selling my home and will have a good chunk of cash from the proceeds. My own market is very high, so I have decided not to invest here at this time. I have been obsessed with Ireland since forever, and I would be able to pay outright for a property there. I have narrowed down my location to Killarney. I am looking to use the property for an air b and b that I would run remotely. My thoughts are that I can buy a property at home in the USA at any point with a mortgage, but my chances of coming into a large chunk of cash again are lower. From my understanding it is impossible to get a mortgage in Ireland as a foreigner. I guess I am looking for some reassurance that my thinking is not crazy. LOL. I am new to investing and do not want to hang myself by making some rookie mistake. Any advice for this newbie? TIA!