Difficulty in getting a second loan?

👋I’m starting my remote co-hosting and focusing on managing short-term rentals in Florida.

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

Would love to connect with other investors in the area that are also doing long-term rentals, renovations, and/or short-term rentals.

They are major BRRRR projects with the main exit strategy being to hold as medium term rentals.

From what I've seen and read, most of the reason operators get in trouble is that there is some type of "event" that has occurred (usually their loan has matured or they've defaulted on their existing loan) and they need to refinance their loan and the lenders require a new appraisal to be done, which usually leads to a lower appraised value, and a lower loan amount, which "forces" the owner to pay down their debt.

There is a reason banks don't make loans on stocks.

That cycle of sourcing, assigning, and reinvesting has been a game changer for me too, and I completely agree—it’s the real estate cheat code most people overlook.Being able to create revenue while also creating opportunities for long-term wealth is the best part of this business, and it’s exactly how I plan to keep growing my portfolio.

You can also do value add STR & Multi-Family Rentals by starting with distressed properties and using a bridge loan to acquire them with a lower down payment compared to a DSCR loan.Networking – Connect with local investors, wholesalers, and realtors in your target markets.

In practical terms, even if developers have more capital thanks to lower taxes, the increased costs for materials might force them to rethink project feasibility, adjust pricing strategies, or even delay or cancel projects altogether.