I ask for a list of their current ongoing monthly expenses.Lastly, I have them sign an authorization to check all the above with their bank, their employer, etc.

I've read mixed reviews on host experiences with VRBO and Booking.com, so I've been hesistant to list there.Currently, using PriceLabs and tweaking/ analyzing pricing a few times a week.Honestly, my photos are not the greatest yet, but it is a high priority for me to get professional photos soon.

If my business owner bank statements did not gain me an approval, I was going to go the hard money route.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

If you're looking for a great lender who can get you to the finish line, including getting creative if there's any problem with your loan, contact James Mahieu with Northpointe Bank.

When loans were called, was it due to specific triggers like delinquencies, insurance lapses, or low-interest rate portfolio loans held by smaller banks?

If your asset is older and/or smaller, you may have better luck with local community banks or credit unions.

Here’s a quick overview of potential pros and cons, along with general advice on working with hard money lenders like them.Pros:Flexible Financing Options: Rehab Financial Group often specializes in real estate investing and provides hard money loans for BRRRR deals, which may be a good match for your needs.Quick Funding: Hard money lenders like Rehab Financial can sometimes offer quicker access to funds compared to traditional banks, which is important for BRRRR investors looking to move fast on properties.Cons:Higher Interest Rates: Hard money lenders usually charge higher interest rates than traditional financing sources.

But I will say from the feedback we've been getting from hosts in the Smokies, make sure you run your numbers good and know how to stand out in a heavily saturated market.

I also also co-host a weekly Zoom Q&A on MTRs called MTR Office Hours in a Skool Community.This is why I tag you into questions like this.