All Forum Posts by: Bailey A.

@Walter Ware

Thanks Walter! It’s good to hear from a nurses point of view what kind of things are important.

Hi guys,

I just listed one of my properties on Furnished Finder this week. I heard about housing for traveling nurses on the podcast and thought I would go for it!

If you’ve done it yourself, how long did it take to get your first booking? It’s only been 4 days with no activity but I’ve already got those jitters.

Also, did you post to AirBNB too with 30 day minimum stay? I’m just thinking of other ways to market the property. I’m not used to having a property sit for a few days with no interested people. Any advice would be greatly appreciated!

Hey Everybody,

Next year I’ll be working towards becoming a Realtor in addition to snagging more properties. I wanted to know how long it took you to close your first deal as an agent?

Also, have you found you got an upper leg on growing your own portfolio since becoming an agent?

Any advice for a newbie agent would be greatly appreciated (even if it’s harsh haha)!

@Andrew Postell

Thank you Andrew,

This is clearing up a lot of confusion. I see now why I recently got denied! I feel like I shot myself in the foot with that one lol the second unit is a converted garage done by the previous owner and not even technically recognized as a second unit by the bank. I’ll look into the Texas forum, thanks for the info.

@Nicholas Covington

Hi Nicholas,

Thanks so much for the info. I’ll keep this in mind moving forward with other properties. Glad I learned this before getting another under an owner occupied.

Typically what is the DP required for investment properties? 25%?

@Matthew Crivelli

I’ll eventually be offering up the second unit. I spoke with my lender about doing a cash out re-fi and he advised against it. He said that since it’ll be rented then the loan would be considered an investment loan and the rate would be higher. Road blocks I was not expecting!

Hi,

I was recently denied a HELOC because one half of my two-unit is rented (I was shocked). The title of the house isn't under an LLC and my original loan is considered "owner-occupied". Any suggestions?

Also, I’m looking for a bank that offers fixed-rate HELOCS if you could recommend any. Thanks!

@Zachary Harrison

Thanks Zach, I appreciate the input. With this being my first, I’m a little antsy in thinking I have to be there 100%.

@Scott Mac

Thank you Scott. I certainly have learned a lot by just showing up and having them show me what they are talking about.

Hey Everyone,

Could anyone suggest a bank that offers Fixed-Rate HELOCs?

I've got about $80k worth of equity in my property and would like to put a very small sum to use. Maybe 15k to use towards another property. The house isn't under an LLC. Any suggestions?