Laurens Van swol
DSCR Loan for Florida investment
We are exploring the possibility of purchasing an investment property in Florida. As U.S. citizens residing in Europe, we are required by the local tax code to hold the property in our personal name. However, our rese...
Mitchell Atiles
Picking a location for STR, should I prioritize Daily Rate or Booking Rate
Hello Everyone,I'm looking at a number of locations for str. I've narrowed down a few areas, mainly Panama City and The Poconos. However, when doing the market research I come across the following, one location has lo...
Daniel Murphy
Selling a STR, furnished or not, list with agent or not?
Hey all, I've had some unexpected life updates and am considering selling our short term rental in Cape Coral FL. It's fully furnished for an STR & has a year plus of track record plus a rate in the low 3%. What...
John West
How do I get 30 year term?
I get why 30 year loans are best, and I'm not posting to debate that. I'm trying to achieve it.
I've called 10 different banks mostly small or local credit unions. I can't find anyone who gives 30 year loans. I'm pur...
Craig Oram
Struggling with "cash flow positive"
Hi all,I am trying to figure out if I want to buy a property. Situation is this... Rented at $1600/mthHouse cost $215kFixed cost are PM, HOA, INSURANCE AND TAX = 160+13+50+230=$453Current mortgage rates are my strug...
Blake Ramsden
Mobile Home Friendly Lenders in Texas
Good afternoon everyone,I'm looking to do a cash out refinance on my 15 acre property that currently has two mobile homes on it. I occupy one as my primary residence and the other is a rental, this is my only property...
Emy Bernardo
Shared Utilities - best way to divide costs
Hi all - we have an ADU in our single family home and have been including the cost of utilities in the ADU rent. We recently started charging our tenants a $100 flat rate to help cover some of our soaring utility cost...
Michael Henry
To Keep or Sell - Under Performing Multifamily Property
For Context - I understand real estate is a long term deal but, after holding a property for 1.5 years I feel as if the performance is lack luster and have considered selling off the property in pursuit of something l...
Giora Sela
Top DSCR Direct Landers
I’m searching for alternatives landers for Visio, they are great but I need other options to finance my single family properties as I grow my portfolio. I’ve found many landers are charging high fees on top of 2% orig...
Marc Knapp
Please offer input on a unique lending situation
Dear BP Community:We are buyers on a property where the appraiser unexpectedly appraised the property to be in Below Average Condition. Our lender informed us that in order to qualify for a conventional loan, the prop...