Mid-year conversion from LTR to STR does not work.5.

Right now our rental loans are in the mid 6% range without a buydown.

I get contacted every now and then by a person wanting a corporate rental meaning that they are just brokering my space to third parties for mid term stays.

Open to all shared knowledge. cheers, DanHi Dan, Best out of state markets in our experience and observations: sunbelt regions and parts of the mid-west.

If average 30 year fixed loan rates reach the mid 5%'s many of the NON-QM mortgage programs that are currently rate prohibitive will also become more workable as cash flow and return ratios improve.

Sorry I can not be of great value, I did live there whilst stationed at Ft Benning mid 2000sDo people vacation there? 

My company does some short-term, but we specialize in mid-term rentals (1-3 months).

Min loan amount is $100,000, rates mid 11's based on FICO.

People with rates in the high 4's or low 5's may finally be willing to move on from their house if they can find a new rate in the mid 5's. 

I am getting quotes in the mid 6% range now with about 12K in closing costs (not including escrow), and no PPP.