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20 January 2025 | 4 replies
.): ~$1600Savings available: ~15-20% of the purchase priceCash to close: ~$34kRehab estimate: ~$34kRemaining reserves: ~$20-25kTo fully fund the rehab, I’d need to come up with an additional ~$15k in the short term, which I anticipate paying back quickly once the rental portion is generating income.
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29 January 2025 | 11 replies
If your goal is to rent the property post-renovation, you might pair a DSCR loan with a short-term hard money or fix-and-flip loan to cover the rehab costs.
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15 January 2025 | 2 replies
As a investment property lender we saw a lot of success with flips but an even bigger jump in BRRRR success with borrowers holding as long term and short term rentals.
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4 February 2025 | 24 replies
We have also addressed where we fell short and failed to follow through.
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21 January 2025 | 15 replies
As mentioned by @Chris Mason, Bridge Loans: These short-term loans can provide immediate financing until more traditional financing becomes available or until the property stabilizes and becomes more attractive to lenders.Interest rates and stipulations may be a pain.Out of the box here and requires a few more research, SBA Loans: Small Business Administration loans can be an option, especially the SBA 7(a) loan program, which can be used for hotel acquisitions.I heard someone mention - Mezzanine Financing: it involves a combination of debt and equity financing, which might appeal to some investors looking for higher returns.
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16 January 2025 | 0 replies
This creates a market for both short-term and long-term rental properties.Affordable housing, Compared to cities like New York, Washington D.C., or Boston, Philadelphia offers relatively affordable rent, or section 8 tenants, especially those who are relocating from more expensive areas.
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14 January 2025 | 5 replies
I am interested in learning all I can about Long Term and Short Term Rentals.
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16 January 2025 | 6 replies
There are services like Blockfi, Unchained Capital, and many others will will give you a short-term loan backed by your crypto assets.
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30 January 2025 | 48 replies
Rental properties come in several flavors... short term, long term, etc.
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23 January 2025 | 2 replies
In short, you ride the 'coattails' of the previous owner's taxes for the first year.