All Forum Posts by: Sean McCluskey

@Curtis Robbins I'm just starting three refinances of single family rental properties, 75% LTV, 4.125%, 30 year fixed.

Just barely missed the lowest rates, which happened on Wednesday Thursday last week. Still will be nice to complete three BRRRR deals in one shot though!

@Jaron Walling That's a personal residence?

@Kerry Baird to me a staycation means staying in your own house.

@Christopher Stacy Did you already have an investment property that you want a HELOC on? Or would you be getting it on a primary, in order to buy your first investment?

@Boots Bonner $100 billion is only about 3 months of rent. That's a drop in the bucket, and not a fair trade for a government taking of property rights on such a scale.

US renters paid $504 billion in rent in 2018, according to a study from hotpads.

https://www.housingwire.com/articles/47774-renters-paid-more-for-housing-in-2018-than-they-ever-have-before/#:~:text=According%20to%20a%20new%20report,this%20year%20than%20last%20year.

@Nathan G. These articles tend to be from multifamily council press releases, and they are as of a certain date. Then they end up collecting more over the rest of the month when tenants get their checks from work/unemployment.

Large multifamily has also had the most people move out, to get out of the small boxes, and tenants are able to talk to each other about not paying, etc.

@Fred Cannon How did you find your traveling medical professional tenant? I have heard people say this but no idea on how to get that tenant.

And why do you call it a STR, when you have it rented until March 21? Do you mean it's a furnished long term rental?

@Julie Kern Even if people with existing facilities are starting to re open, it may be hard to find a lender. Have you already worked on financing with a commercial lender? Have a term sheet?

@Seth Wilcock How did you do all of that rehab for just 23,000? New roof, new garage, patio, plumbing, all new drywall and cosmetics inside? It sounds like you got a great deal there!

For those using quickbooks, did you find a way to make that more cost effective (promo code, etc?). Or is it costing you over $1000 a year?

I'm using Quicken Rental Property Manager, which is more old school but affordable and very straightforward and understandable (no classes needed, ha!)