I currently have SFH and multi-family long term rentals and I partnered on a short-term rental.

If your current lender can’t accommodate you, explore STR-focused lenders like Host Financial or Lima One Capital, or consider bridge loans to buy time while you build your rental history.

Hi everyone,My name is Cole Dobbs, and I’m currently based in Houston, Texas.

And for any who question how legit my info is on sec8 Payment Standards, here ya-go, the current 2024 rates in this area.

Buyers have trouble underwriting deal with current rates, so price goes down.  

Im currently renovating the 1st fl apt and turned on the heat.

In general, active STR permits can transfer to a new owner (one time) and new applications would be subject to a currently short waitlist. 

You’re currently getting a 10% return PLUS appreciation.  

That looks to me like $200-300 too high for the current rental market.

It normally doesn't cost you any money to open and to be able to access that large amount of equity to buy or stabalize your current portfolio allows you so much more opportunity costs.For instance, I took a $200K LOC out on my primary residence when I first started in real estate.