How did you find this deal and how did you negotiate it?

Like everything else, you have to find the deal that makes financial sense.

Hi @Federico BuenoWelcome to the neighborhood!!!

You are dealing with a real estate transaction and there is a lot of liability and exposure, especially for the inexperienced.

I made a fair size claim last year and it paid off pretty painlessly except for the 90 day lag. highly recommend them.If I had used a regular home owners policy with and STR addendum I'm pretty sure it would not have covered my particular issue.

I'd recommend speaking with local specialists in your target market to look at multiple investment options side-to-side.Lastly, some of my clients have been encouraged to stay away from HELOCs unless they expect a lump sum (inheritance, sale of other asset, bonus, etc.) to pay off the HELOC in the next year or 2. 

Then they have to sign a W-9 before we'll pay them.So, we've never had to deal with illegals, etc.

It's a little ways away from Charleston, which has kept it off the radar, but it's starting to become a more significant beach destination.

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

How did you find this deal and how did you negotiate it?