Adjusting for it allowed him to realize his property’s ROI was still positive but not as high as initially hoped.

If I were in your position, I wouldn't worry until proof of the contrary because you should be ok if the business is running well.

So I am not very familiar with PadSplit @Najhae Robinson.All I know is the neighborhood backlash, the nightmare stories and the like.I have heard nothing positive about it.Oftentimes they violate the STR restrictions in cities because they will rent to anyone for any length of time.I would never look at this as a business model personally.

outcomes are on you, the investor.you may want to review these threads to see what others experiences were.https://www.biggerpockets.com/forums/48/topics/1137397-balti...https://www.biggerpockets.com/forums/12/topics/1215726-break...

As lenders, well issue a prequal/preapproval letter if we've analyzed your income, assets (bank and brokerage statements to establish that you have the liquidity to afford the down payment, closing costs, and reserves), review credit of the guarantors, review the relevant experience to ensure that we're not throwing our money away on newbies that are wandering around in the dark, and have put together a reasonable plan of attack for the project.

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

They take weeks reviewing things and won't call you or tell you when they have reviewed things so you are constantly calling and then waiting for them to find your file.

Hi Community,I am in a position where I can tap into the equity of my primary home to purchase a second investment property.

I know this is hindsight but when ever you lend money you should get a Lenders title policy and give escrow instructions to the title company that your loan is to be in first position.

By positioning it for a quick resale, we attracted buyers ready to close fast, ensuring maximum value with minimal input.