A more likely situation is you’d have to offer AT LEAST 7% to her, making your payment $1830 and your payoff in 3 years $265k.

This will avoid a lot of confusion. 

@Daniel Baker I would say a lot of it is based on their training or their resources that they utilize to complete your taxes.

.❌ You think using emojis means I copied this from somewhere—I’m just a millennial who likes to keep things engaging.BUUUT if you’re an investor who wants to attract high-paying guests, increase your nightly rate, and create a rental that markets itself, keep reading.A question I get A LOT is: “How can I market my vacation rental?” 

I have a lot of drive.

If you did finance some of the purchase using a non-recourse loan, then you need to read up on UBTI/UDFI and there are some taxation benefits that the IRA can achieve since it now owes taxes in that scenario.

It seems like there's a lot of opportunity right now in that SEPA and South Jersey area (I'm on Long Island but have worked with folks who operate down there), and you're setting yourself up with smart partners, so you're ahead of the pack here already.I do have a good relationship with a strong commercial brokerage firm in that area, let me know if that would be a useful connection for you.

.: Hey everyone,I’m diving into the world of out-of-state real estate investing and couldn’t be more excited (and maybe a little nervous).

If I choose to also pursue the real estate investment and management concentration, I will have to take one more semester.

For more expensive properties you'll be wanting to pay a lower interest rate and doing short/mid term rentals.