All Forum Posts by: Slade S.

Making a cash offer doesn't mean you can't finance the purchase with a conventional loan. It just means your waiving the mortgage contingency.

Basically all purchases are "cash" offers but the seller gets a check at closing for the purchase price. Does the seller really care who writes the check (you or the lender)?

I am not an attorney, so don't take this as legal advice, but I had a lender tell me that financing with a DSCR compliments holding a STR in an LLC for liability purposes.

Financing an STR held in an LLC with a 2nd home mortgage that reports to your personal credit creates a hole in the corporate veil per se.

On the other hand, financing an STR held in an LLC with a DSCR loan that is qualified only by the asset's income offers much more separation of personal and business liability.

Hire a lawyer to make sure the covenants were recorded correctly and that your deed is in fact covered. A lot of the time they're not recorded properly and it will make joining the HOA an option, not mandatory.

I am not investing in Ohio, but I just wanted to thank you for this information. 

As a budding agent, aspiring builder/developer this post gives me valuable insight into the rezoning process.

This is a great solution to not only Ohio's housing shortage but the nationwide shortage. Does the council or any neighbors give opposition to these variances? Do you think this Council Variance Application and process will be similar in other municipalities?

Has anyone paid to list their site on the Offer Sheet? $1500 to be the one main STR on Sunday. Ive considered it, but Im not a subscriber so I have no way of telling if anyone actually reads this or subscribes, or better yet, buys listings from the Offer Sheet.

Who has experience with this site?

I am a real estate agent in Jim Thorpe, PA. I have a 2,680 sqft Chalet for sale. 5 bedrooms but is permitted for 6 bedrooms. 13 beds sleeps 16 people. The driveway fits 8 cars. With great rental history, detailed documentation of annual and monthly. The list price is $729,900. Gross Revenue is $142,700 and NOI is $90,000 (2023). The house was built in 2022 and the current owner went Over The Top designing the interior. Includes all custom lighting from Avalanche Ranch out in Washington State, and luxury furniture EZ Mountain Rustic Furniture in Pocono Lake. Also includes all gaming tables (foosball, billiards, shuffleboard), TVs, 7-seater hot tub, security, ring system, mini split heating and cooling. Has wrap-around deck with deck furniture and outside bbq grill. Check out the virtual tour.

It truly is turn key and can come with management in place. You'll start earning at closing. 12% Cap Rate. 

It is in the community, Towamensing Trails, in Albrightsville, PA. 190 acre lake, beach, pool, club house, playground, live music, bar, restaurant, basketball, volleyball, and tennis courts.

Low taxes in Carbon County, PA. HOA dues are around $600/yr.

Minutes from Jack Frost and Big Boulder Ski Resorts, Split Rock Waterpark, Khalahari Waterpark, Pocono Raceway, Downtown Jim Thorpe, Blue Mt Ski Resort, Camelback Ski Resort and Waterpark.

www.ottlodge.com

54 Kipling Lane    Albrightsville, PA 18210

Slade Sizemore

570-657-8656 (Cell Phone)

Great Pocono Real Estate

570-325-2222 (Office)

I'm interested. 

Hey Jeremy.

I am a real estate agent that lives in Jim Thorpe. I work daily in Wilkes Barre and Scranton. 

What kind of unique situations have you run into with your old building? Knob and tube? Plaster and Lath? Are you doing repairs and renovation work yourself?