We currently have a construction loan on the properties and we would like to refi to a more conventional loan.

We purchased with a conventional loan, 10% down payment:Purchase Price: $405,000Closing/Fees/Misc: $12,500Repairs: $85,000ARV: $575,000I was hoping for rates to come down some in the next year and refinance out with a 75-80% LTV.

You can also take advantage of lower down payment loan products rather than going 20-25% down on a conventional investment loan. 

Pros of RE:- leverage (can house hack and put 3.5% down FHA, 5% or 10% down conventional loan if you live in one of the units, 2 to 4 unit or buy single family, live in it and rent out each room and buy a $500,000 or $1 million asset).

If I assume a 1.25 ratio, this scenario would allow me recover more capital than a conventional mortgage.Please let me know your thoughts.

@Shelley AustinWhile it sounds great - if they cannot qualify for conventional financing will they be successful and pay you?

Conventional.

My vision includes developing the land into a destination with features like driveways, walking paths, utilities, and unique lodging structures.Here’s my tentative plan1.Place the existing STR in an LLC2.Apply for an SBA small business loan to fund the next steps, including a feasibility study (~$10k+), land clearing, and infrastructure development.While this direction excites me, I’m torn between pursuing this venture and continuing with a more traditional approach—buying one home per year using conventional loans.I’d love to hear your thoughts:•Has anyone transitioned from STRs to glamping or similar ventures?

Downtown Kansas City, Missouri has experienced $9+ billion in investment since 2001, including a new convention center and hotel, a state-of-the-art sports arena, a performing arts center, a new streetcar, and an eight-block restaurant and entertainment district (read more here).

Would like to do owner occ conventional with 5% down but don’t think we will qualify.