Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Sean Ross

Sean Ross has started 0 posts and replied 131 times.

Enjoy Banner Elk, but it is too far for Floridians. That's why cashiers/ glenville will always remain more popular imo!

Post: Should I buy my first rental

Sean RossPosted
  • Posts 136
  • Votes 115

no. But list price is not the final price!

Saw a SFH with 87 windows.

That would be a hard pass from me! 

One lender I work with offers 100% LTV, but the minimum is $10,000,000 for non-owner occupied residential. Not sure the gmails are working within the same idea

Post: Trapped Equity in 3 rentals

Sean RossPosted
  • Posts 136
  • Votes 115

Depends of the lender, but yes they can work as a secondary. The interest is usually variable, as they usually stay on lenders balance sheet. DM me if you want to take a look at the options. I can find out with a little bit more info, minimum  $50K

Post: Trapped Equity in 3 rentals

Sean RossPosted
  • Posts 136
  • Votes 115

Yes, I have portfolio loans and blanket loans that might do the trick. 

Rates are going up though across the board

Post: Purchasing a unit inside a hotel

Sean RossPosted
  • Posts 136
  • Votes 115

Stayed at a few , from non name brand to Hiltons.

They are condos that have a front desk and rent out your room . You supply the furniture usually. It is a good way to receive income. I know of one unit in a ski town where it covered the mortgage with 2 weeks a month, and the days you don't want to ski anyways brought it extra cash.

It is like a permeant management company. 

Doubt they would take no cash down. They could rent it for probably a lot more than 5 to 6%

Yes you are correct on the taxes.

Refinance with what ? What if the market dips ? Doubt it will continue to appreciate enough where your 0% will turn into a refinancable amount . Even a FHA you would need 20% equity

Crazy, wasn't Richfield farms not to long ago ? ha

Post: Finding private lenders.

Sean RossPosted
  • Posts 136
  • Votes 115

Vlad, it took me a while to figure this part out too. Who, what where , etc


I then learned the gigantic world of PE (private equity ) and family offices and the vast amount of cash they have. They don't get their hands dirty so to say but are happy to offer cash.

I can point you in the right direction if you want. Just shoot me pm