Hello everyone, I am located in New York City (Bronx), and I am currently tackling a renovation for a triplex rental I plan to keep.

Neither for that matter will a DSCR loan when/if you go to get a full primary home loan for example for the same reasons.

Sounds like this is going to be a great cash flowing asset.

All you need is a single place to track tenant information, payment history, maintenance, and a few other things.

@Zach Edelman Lexington has a decent amount of STR regulations now with more on the way.

Find a knowledgeable and trustworthy broker in your market that can shop amongst the various providers and find you the best deal while still making sure you have the protection you need.

Quote from @Sonja Revells: @Chris Seveney primarily Padsplits  I would speak to a few lenders first before going through all these hoops, as I started to do this then when talking to banks they were basically telling me either get a secured mortgage as they will not lend to a real estate company on unsecured credit/debt.

$1500 a month, or a vacant house that freezes up this winter and costs you $30,000 to renovate?

If you’re looking for speed, flexibility, and a customized solution for your investment, private money lending is a great choice, even if the interest rate is higher.

I have been to a few of these and have met Omni Casey.