They can close in less than 2 weeks but without seeing the deal terms even if you are a stellar borrower they can’t fund guarantee they’ll lend.  

You will get a better rate and terms, experience, and a faster closing going wholesale than you would going with a retail lender. 

I would not invest if the good guys are losing ground, but that would run counter to your description that it is an appreciating area.It looks fine to invest in for the information you shared if the long term forecast for the area is safe and stable to improving.

Quote from @Sokun SoI wish I knew, but we're talking about prepayments prior to a reservation.Previously, I just let the OTAs set their default (Airbnb 100% & VRBO 50/50), but now that I'm paying more attention to it through Lodgify, I'm going to do a 50/50 split and see if that helps increase bookings.Yes- however the funds are not sent to your bank account until shortly after they check in, correct?  

Come talk about your worries and success stories about private money lending, as well as to share your experiences and ask questions!

I passed because the terms just didn't cut it.

We have consulted with real estate lawyers and they basically just tell us you guys need to create your own terms and how you want to proceed. my thought is, 100k down while waiting for loan to assume, and seller financing and living there until that moment, and covering the rest of the funds at the closing table.

I have had success with both in PA, but rentals are considerably better in PA than NJ.

Well, we don’t own a G-5 like @Jay Hinrichs 🤣, and our process is much more local, but not much different in terms of borrower and property qualification.We only lend in Los Angeles and North Orange County.

There was a short time in 2022 that DSCR loans were available to investors in PR.