Hello everyone, we have decided to dip our toes in short term rentals in CA.

Here’s a link to the Rules and Terms of Service for our site to review!

Hi BP, I’m in the process of renovating and setting up my first short term rental.

It doesn't take long to learn how to spot a good deal.6.

Is it possible it remove a homestead exemption and is it a good idea in the long run?

First, you should inform your lender, as converting the property into a short-term rental can affect the terms of your mortgage and may require a change to an investment property loan.

Now it is a single-family long-term rental.

Yesterday morning he said we should have the final terms by end of day. 

Long story short, I have 3 properties in my own personal name: Small multi-family properties (a 4 unit and detached garage bank, another 4 unit, and a 3 unit) that I had residential HELOCs on in the second position, with a fixed residential in the first position. 

It is the best way to break into REI IMO.VA financing is about as good as it gets in the financing world right now; generally better terms and rates and you can take advantage of 0% down.