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All Forum Posts by: Stephanie N.

Stephanie N. has started 10 posts and replied 35 times.

Post: To 30 day stay - or to not

Stephanie N.Posted
  • Posts 37
  • Votes 28

I have a property on the Seacoast in NH that I'm hoping to MTR in the future. Curious what others have experienced lately for bookings in NH. I've heard that hospitals are starting to cut back on traveling nurse programs so there may start to be less demand for MTRs. I'm considering also listing my units on AirBNB to flex as a STR when vacant, especially since there's demand for STRs in the summer months. Curious what others have experienced!

Post: Mortgage Lender Career Path

Stephanie N.Posted
  • Posts 37
  • Votes 28

While I build my way to wealth through real estate, I find myself desiring a W2 job that better aligns with my long term goals and could be a more enjoyable W2 along my journey. As such, I'm considering switching from my product management career path into one that is more closely tied to real estate. Becoming a mortgage lender is appealing to me and seems like it could be a good fit for my skill set (i.e. detail oriented, wanting to help people, enjoying working with numbers).

For the mortgage lenders out there, what do you love most about your job and what maybe isn't so great about the role? Have you seen others successfully move into this career path from a different profession? I have a high paying job now and am hoping to transfer my skills rather than start at the bottom.

Happy New Year! My boyfriend and I recently completed our annual list of goals for the year and have a fun one we're hoping you can help us with.

Our goal is to meet with at least one individual or couple each month who is passionate about their real estate journey. We're generally looking to network more and surround ourselves with more people that are on a similar path.

We're currently traveling in the SLC area and would love to meet some fellow investors while we're here. Reach out if you'd like to meet us for a coffee or perhaps take some runs on the slopes!

PS Know anyone in New England? We'll be back there in a few months and will be continuing with our goal there as well.

Happy New Year! My boyfriend and I recently completed our annual list of goals for the year and have a fun one we're hoping you can help us with. 

Our goal is to meet with at least one individual or couple each month who is passionate about their real estate journey. We're generally looking to network more and surround ourselves with more people that are on a similar path.

We're currently traveling in the SLC area and would love to meet some fellow investors while we're here. Reach out if you'd like to meet us for a coffee or perhaps take some runs on the slopes!

PS Know anyone in New England? We'll be back there in a few months and will be continuing with our goal there as well.

Post: Lease Estoppel Form

Stephanie N.Posted
  • Posts 37
  • Votes 28

This is super helpful, thank you @Nathan Gesner!

Post: Lease Estoppel Form

Stephanie N.Posted
  • Posts 37
  • Votes 28

I'm purchasing a property with tenants already in place. The leases expired a few years ago and the tenants have been on a month to month lease ever since. I'd like to have them sign a lease estoppel to verify that all initial lease requirements are still in place. Does anyone have a template they could pass along as an example?

Post: Stratham NH 2 Family

Stephanie N.Posted
  • Posts 37
  • Votes 28

I'm considering purchasing a 2 unit in Stratham and renting one as a LTR and the other as a MTR after using it as a house hack. In running my numbers, the deal is definitely tight. 

Has anyone owned a rental in Stratham or the surrounding areas (Exeter, Newfields, Greenland)? What are your thoughts on Stratham specifically for rentals?

I can't do the Home Ready/Home Possible programs because my income is higher than the average in the area. I'll look around for GSE standard loans, maybe that's a better fit. All the banks I've spoken to so far only offer Home Ready/Home Possible or FHA.

@Caroline Gerardo I didn't realize 3-4 unit required more money down. What is the typical requirement if I went that route?

I'm still searching so it will be 2-4 units but I haven't narrowed in yet. But it will be an owner occupy for a year before renting it out.

Yes fair point, wholesaling might be tougher for that reason. The seller expects top dollar based on what is currently on the market. I think there could be an opportunity to get the seller down to ~$680K