All Forum Posts by: Thomas Helm

@Michael Baum hello, I’d be happy to locate it in the classifieds….how do I do that?

Hello,

I’m conducting a series of short, 20-minute discovery interviews with experienced short-term rental owners like you who manage 3 or more properties. My goal is to better understand the challenges owners face with guest relations and CRM (Customer Relationship Management), particularly around after-hours issues.

Your insights would be incredibly valuable in identifying common pain points and exploring potential solutions tailored to your needs. This isn’t a sales pitch—just an opportunity to share your experience and shape tools that could make hosting easier.

@Grant Schroeder It is a rate term refi. I will be getting the second loan through the same credit union and he is aware of what I am doing and stated that there is nothing to worry about that everything should be fine. I hoping so, but i think i'll start crafting a quality explanation right now in case that is needed. Thanks!

I’m in the state of Tennessee and I’ve lived in my house for 1 year 2 months. I’m looking to refi to reduce my debt to income prior to buying my next house hack property.

When speaking to my lender, a credit union, he said there is no requirement for me to stay in the property upon completion of the refi. The only requirement is for me to be occupying the property during the refi.

Is there anyone that can confirm?

@Michelle Cronin wow! 25%....i always figured 20% was on the table. did not know they would require more sometimes. I'm looking at some off market things to increase my down payment through potential flips or value add properties that i convert into rentals but still have room on the refi to add extra capital to a slightly nicer rental property with more doors. 

Thanks for responding!

@Derek Diamond thank you for clarifying that for me. I thought this would be the options on the table, but sometimes people say thing and you start to doubt what you know lol I appreciate you taking the time to comment!

@Jamie Rose thanks!

In the Podcast with Erin Helle, she mentioned having $65k to put down on her first rental. She then said I thought you had to put 20% down and that know what she does now she would’ve bought 3 or 4 properties with the $65k.

What did she mean by this? I thought on the first mortgage they wanted 20% down and also, if you don't put 20% down then you have to deal with PMI.

I appreciate any advice. I’ve got $20k saved and looking to make a move this year and grab my first rental.

@Jamie Rose what is STR?