Purchase price: $235,000 Cash invested: $75,000 Sale price: $425,000 The Ardmore Chalet is a fully updated contemporary home that resembles a hidden mountain getaway tucked into the middle of the Ardmore neighborhood.

Open a new application with an actual lender that isn't going to charge 12k in origination fees. 4.5% origination on this deal is insane, the broker / lender are ripping you.If you take this to another lender as is (not great credit, no experience, light rehab amount) you would likely get denied again. 

Then sell property, record sale price and fees you paid.  

You could do 50% loan / 40% carry / 10% down (+ fees/closing costs). 

The best option is to have a direct booking site and collect past guest emails etc using a data collection system like “Emailcollect” and remarket to them making 10-15% extra revenue because you have no booking fees.

So there is an additional cost but it's typically much less than the fees charged by the OTA platform.

Ex. you normally do STRs and you are looking to finance a mixed-use multifamily deal, and you don't mind paying the 2% in broker fees to lock down financing.

This includes the rental income, PM fee, any repairs, etc.

However, it is crucial to conduct a thorough analysis of all expenses, including property management fees, repairs, and vacancies, to ensure the investment aligns with financial goals and risk tolerance.

The average lender probably charges in the $1,200 - $2,500 for their closing costs, while title/escrow has their own fee's to insure the transaction (in Texas we are promulgated so our title fee's are pretty straight forward, no clue in MD).