@Robert Kornmeyer yeah the Salem / Ipswich area would be a good market for a Short Term Rental play.

Long story short I’ve had really great success the last couple years and all of my equity partners don’t have any money left I have a great deal under contract that’s a home run winter rental/Summer STR in Newport RI set To close 11/19 and am struggling to find an equity partnerI have 15 doors, a great track record just in a liquidity crunch LOCs are out of play due to recent refi and banks rulesI have a term sheet for 100% financing @ 10/2 but am worried about being over leveraged to refi and wouldn’t want to exit as it doesn’t align with long term goals although it would build my capital stack by about 125kAny and all suggestions would be great!

@Jasmine Russell That’s a tricky one lol the real answer is it depends(annoying I know)… When I first got started I had 0 experience but had done a ton of research, I still lost 100k on my first deal (lol) but I used that painful lesson on my pitches to tell future partners what I learned and didn’t give upit was also a raw land permitting play and I payed back the investor every penny I owed which helped my brand- Now, for those that know me I don’t need to go over my portfolio, what I’ve done etc because my reputation precedes me however, when I’m in a scramble and need funding for a deal and advertising it to the world and talking to strangers I’m absolutely going over my track record so they feel comfortable that I know what I’m doing and if I don’t specialize in a particular niche I get someone on my team and involved in the deal who’s and expert there and have them on the calls or at the very least their website or somethingI definitely am a fan of fake it till you make it but if you’re the one putting capital into a deal maker, check, double check and triple check everything they tell you and do your own DD

I told her I did not but I had rental agreements for all of them which had the current owners number and maybe it would be best if she contacted her directly instead of playing the telephone game. 

Before that, it's just like playing Sim City.

But in the mean time, yes it’s an appreciation play.

City planning,  development happening on a specific block, a new ordinance in a zip code, the sudden decision to eliminate STR -- so many factors come into play and you need to understand quite a bit about a market in order to make truly informed decisions (or rely on someone else who has already done the analysis and can tell you what fits your strategy/goals.

I know this may play into the loan to value stuff they officers use?

Most of the pay your bills and get rich wholesaling, because I’m broke and then Cheered on by the newbies and folks that never wholesale seems to be the norm.

Cheer!