All Forum Posts by: Xumin(Cassie) Ma

 Sent!

Hi, can anyone suggest a lender for me to take out a HELOC on my primary residence and is able to count Airbnb income to my DTI? I have two years of tax return already for this Airbnb.

I am looking for a licensed general contractor for the fix & flip property. The area will mostly like be around Arlington Heights, Mount Prospect, Schaumburg and surroundings, Berwyn, Oak Park.

We are looking for an agent in Michigan that is well knowledge on land. We want to buy a land to park the camper for our airbnb business and potentially in the future turn it into a campground. 

 Thanks for all the advice! I have reached out to Visio and Host Financial to see what options they have. Meanwhile I also just had my eye on Movement Mortgage. I am going to contact them as well!

 That was what I thought. However the lender said they only look at the market rent as a long term rental which can be a lot lower. 

I just came across a post two year ago, it looks like the appraiser know if it is in a hot STR market, they will intend to appraise the best and the highest based on STR market.

That's what I have been doing lately. I know I have more to learn. First of all is to know what I can afford before I go too far on the price.

@Luke Carl

I just looked into your profile. I actually contacted your company to connect with an agent but haven’t got back anything yet.

Right now I have contacted couple lenders to see what kind of finance works for me. It would be either investment property or a commercial loan. Both will be 20% down. However I would need to know how much estimated the appraised market rent could be since I don’t find too much information on Zillow. And potential more down payment which is a little bit out of my range. So I’m just planning on the doable financing plan ahead while I’m looking for an experienced agent and potential capital partner who is in the same situation as me. (This will be the first vacation property I ever buy so I don’t have experienced to offer but I’m thinking there might be people who are in the same struggle situation on big down pay to start).

So I’m looking for an agent and potential par while waiting for a good deal.

@Luke Carl

Yes!

@Joshua Strickland

How do you finance the property?

20% as investment property or commercial loan since they don’t need to look at my debt to income ratio?