All Forum Posts by: Travis C.

@Tracy Ross that's interesting that your permitting works that way. I don't think it does in San Antonio where we operate. It does make it more covered in that way I'd say!

Anyone do any "HELOAN" 2nd position lending in TX? I have about 15 properties I'd like to do one one at the portfolio level and can't find what I'm looking for so thought I'd throw it out there. Not looking for a revolver.

@James Carlson this and other responses is exactly what I have always thought. I think this guy was on a fishing expedition maybe to see.if he.coukd pull it off. Thanks!

@Nicholas L. Well that's what I was thinking, too, but then I saw some investor trying to offload their performing STR portfolio on Loopnet at a 5 times cash flow multiple which made me re-think about it. Thanks for the reply!

I'm sure this has been discussed ad nauseum on here but are Airbnb / STRs valued differently during a property sale if they are performing cash flow-wise? Or you guys that have sold them just go with market valuations? I mean, is there a standard multiple you look at (times earnings) on these things?

@Jay Hurst thanks. Sent a PM

@Chris Seveney that is expensive especially if that isn't even 75 LTV!

Anybody been doing or seeing any second mortgages for rental properties in TX to pull cash out but to maintain the original note structure? About 10 of my properties are in 4.5% 30 yr notes with a ton of equity to pull out but not really trying to get into a 8-10% new single overarching note as it just isn't making sense. Just wondering what types of creative second mortgage operations anyone may be familiar with out here for investors in Texas currently. Thanks

@Yashar Fred too much trouble dealing with this government program and SAHA particularly yet another example of government waste.

@Rick Pozos

Thank you. This is something I had heard as well (city as agent for county in this way), but the City employee who handles HOT inquiries for the Office of Economic Development in downtown didn't know anythi g about it and told me I wouldn't owe anything. So odd! I agree with you they are wrong.