Fannie Mae or Freddie Mac won't touch them.Many buildings allow STR because they realize there are a lot of out-of-state and foreign national buyers wanting to place their money in the Miami real estate market because it is such a good investment.

It's a way better experience if you can find a local resource than these larger, national servicers.

I've done roughly 100 flips since 1998, and routinely work with several local hard money lenders in my area as well as a few national ones.

The Arizona Department of Real Estate (ADRE) receives numerous calls and complaints from the public and real estate professionals related to the practice of unlicensed activity and wholesaling.Specifically and over the past few years, the practice of wholesaling property has generated complaints about deceptive sales tactics, predatory contracts and clouding title to properties.

You will hear numerous stories of appraisals almost universally providing value below $100k.  2) in most jurisdictions the primary if less than 15 years old will be rent controlled.  

I have numerous partners.

There are consequences for our government decisions and a lot of current policy and national sentiment continues to be inflationary (tighter immigration, high tariffs, wars, nationalism/isolationism, child tax credits, student loan forbearance, high government spending/deficits). 

I was never made aware that anyone had a family member pass and if anything I was always understanding to any type of family emergencies, power outtages, etc that happened on numerous occasions.

There are also numerous other factors that contribute to the equation as well, such as the market you're interested in or even unexpected malfunctions that you will need to be prepared for financially. 5k is a great start though.

Our team at Savvy STR Agents is national and does exclusively STR real estate and can help you find the perfect market for you!