Hi Everyone,I'm playing with the idea of building a Shipping Container Home around Asheville, NC.The plan is to either hold it as an STR, or to sell it.The question I have is regarding Mortgages:* If I hold the property for STR, I will want to be able to Re-finance my money back out (BRRR Method)* If I sell it, I will want to make sure a buyer will be able to take out a mortgage for purchase. 

Unless, of course, I'm too busy, not great at negotiating, or want to continue building a relationship with my rockstar agent.C.

Some lenders allow ADU builds in the reno, so if the ARV has enough room, this would be a strong option.

Go to BUILD YOUR TEAM at the top of your screen and search for other MEMBERS or LOCAL MEETUPS.

Our Company sold a small none performing 18 unit apartment building in Cal City last year for under $23,000 per door.  

We are living in Greenville, SC at the moment, but are building in Spartanburg, SC where we intend to house-hack. 

My wife and I are likely looking at cracking into OOS investing in STR's in the next 12-24 months, and this was an awesome lesson for us that taught us that we will really need to be ready to build out a strong team to execute an OOS STR.

One recent example of a re-fi we closed for a multi-family building in the Bronx: the property was a 40-unit apartment building with a 10 year, $3.7m note coming due.

They had pitched the "Corporate Financial Program" to help build the paydex up and move all my debt into the LLC and build corp credit.

Condos have HOAs which can be good for landlords because the keep the outside of the building, landscaping, and rules to keep tenants from making their own "yard art".