Trey Holloway
Financing and Down Payments
15 December 2024 | 13 replies
About 20% use DSCR (usually 20-25% down) and the rest are cash or hard money or something else.For $325k purchase:1) As a broker I would negotiate down as its been on the market a while and its especially now in holidays)2) I would also negotiate seller paid closing cost credits, most loans allow 3% which should cover most or all of that.3) Assuming you paid $325k but got closing costs covered I would anticipate a minimum of $32,500 down and maximum $65,000 down depending on lending product chosen.4) Remember you still must furnish and I use $20/ft as a safe estimate to fully outfit an STR property.Best of luck!
Natalie Tran
How busy is the Mid-term rental market in Arizona?
6 December 2024 | 4 replies
To do MTR, you would need to fully furnish it and outfit it for convenience and then get it on Furnished Finder on your own to make it work.
Mindy Jensen
Contractors: If I Buy Materials, Do You Still Need a Downpayment?
31 December 2024 | 66 replies
My thinking now is that it would be best to cut profit to work with a white glove outfit and learn that way.
Marc Shin
Insignia washer/dryer for STR?
29 November 2024 | 7 replies
If I wa outfitting a property right now I would get lower end Samsung.
Tracey Watler
Looking a lender…
2 December 2024 | 9 replies
You might check with smaller outfits too like Co/Lab lending, Preferred Mortgage, Aceland Mortgage, and co-ops/credit unions.
Jorge Liang
Tenant Fleas (Pest) Complaint
30 November 2024 | 11 replies
His dogs are bringing flees into the house, and he refuses to outfit them with flea collars.That is tenant negligence.
Angelica Byrne
New to this platform. Need advice with Airbnb Arbitrage
6 December 2024 | 14 replies
Furnishings and outfitting run about $20/ft professional but if you DIY at $15 and its 1,500 sq ft $22,500.AirDNA has the property at $65,000 Annual Gross.
Kevin Rodriguez
Starting My STR Journey
6 December 2024 | 25 replies
Furnishings and outfitting run about $20/ft professional but if you DIY at $15 and its 1,500 sq ft $22,500.AirDNA has the property at $65,000 Annual Gross.
Arthur Crum
RAD Diversified SCAM ALERT!!!
13 January 2025 | 221 replies
I feel it's important to get that information into the investor complaint to give whoever reviews the allegations a 30,000 foot view of the variety of warning signals on full display by this outfit.
Tyler Jahnke
Morris Invest Case Study 2.0
30 December 2024 | 819 replies
I have business relations with a few of the bigger wholesalers and PM's I can assure you the feedback from investors about vacant and non rehab houses is accurate.. of course its not every house they ever sold but for those unfortunate enough to be in that situation its devastating.. and since I have been funding turn key outfits since 2002 I have seen this play before.. out of state clients hey we will just pay the rent we don't want any bad press etc etc..