@Beverly Daves If you’re going to compete with AirBnB, a 2.1 billion dollar company, you might want to start with a profile picture ;) All kidding aside, instead of worrying about how much they’re making just worry about how much you’re making and if the numbers don’t work..... don’t STR.

I am looking for an asset based, non recourse lender to refinance a prominent Beverly Hills property at 50%-60% LTV-any recommendations are appreciated.

I am looking for an asset based, non recourse lender to refinance a prominent Beverly Hills property at 50%-60% LTV-any recommendations are appreciated.

The consumer can choose to go to the local dentist school for a root canal, they can go to a private practice, a big corporate dentistry or they can go to a Beverly Hills type place.

Miss Jane Hathaway from the Commerce Bank of Beverly Hills?

HI Jack,Check with you city and see if they allow rooming houses (or whatever name they call them locally).In some areas they may have to have lockable bedroom doors, and in some areas they may prohibit lockable bedroom doors.There will be codes for this, as well as zoning, and the all important parking.Another concern is tenant type should match the neighborhood, and that's for your ability to keep tenants as well as the neighbors not filing endless complaints against you for everything they can think of.What I mean is if you start a halfway house for recovering derelicts in the middle of Beverly Hills the neighbors will probably cause you endless legal trouble until you close it down, and you will not have a lot of prospective tenants wanting to rent there because a cup of coffee is $18 and there are no pawn shops or liquor stores around.So even if you can do it, the question is should you do it there.just my 2 cents on this.Good Luck!

Investment Info:Single-family residence buy & hold investment in Beverly.

Hi @Britney Beverly, It's a little more complicated than a wholesaler buying the house, although sometimes they do.

I'm in Beverly!

Definitely not the Beverly Hills of St.