When it comes to a commercial mortgage, do you just wait until a couple of months before the mortgage reaches the maturity date before looking into refinancing or do you start the process within a year before the maturity date?

My wife and I are about to launch our first STR and want to build systems and processes from the get-go. 

The advantage at least of this approach is that I could walk away, and although I'd lose my 5% deposit, that would likely be cheaper than being involved in a  long drawn out legal process as I continue to absorb holding costs (taxes/insurance/maintenance, etc.).

If you can I'd certainly look into a software that can help point you in a direction and optimize your process.

We currently own our home and we are in the process of renovating a lake house that we plan to hold as a short term rental.  

**Continued Growth**Did you know your cash value continues earning interest and dividends in certain products, even when you borrow against it, unlike withdrawing from a savings account?

Repeat this process and you can easily build up a portfolio. 

I'm basically hoping someone can help with explaining the process and paperwork from A-Z.

I found this deal thanks to my realtor, Tom Sproul, who helped me through the process of going back and forth with the seller's agent.

Schedule a call with me and I can walk you through the process and help you with the loan.