All Forum Posts by: Ben Scarborough

Are you using something similar to a MyFi internet or just a standard Comcast internet? If so, I ran into the same problem when we started up. They tried to charge us >$200 for barely using internet for a week because of how much we supposedly went over on the data. We had to switch to a company called Viper Broadband and it has been working for us so far. However, this was at a rental of ours in the Smokies, so could be a completely different situation.

Awesome, thank you!

No I haven’t heard of them, but I will take a look!

Dang, next Feb feels so far away haha definitely will be making some calls and will let you know if I get some good news, thank you!

Awesome, definitely will look into that!

@William Neagle not ideal news haha but thank you for the heads up!

I am currently considering doing a heloc on my primary residence to buy and flip an STR property. However, my bank only offers 80% LTV. Does anyone know of some lenders in the North metro Atlanta area that would do an 85-90% LTV? I just bought my first STR prop a couple of months ago so my DTI may not be adequate, but would certainly be worth looking into!

Side question: how soon can you recognize rental income on your DTI ratio?

Thank you in advance for your input!

-Ben

Before even considering a Property Management company for your STR, I would highly recommend leveraging a property management site such as YourPorter or SmartBnB, and then scale up your STR business based on how that works for you. If you find a solid cleaning service, they can be very a reliable "boots on the ground" team member and you can certainly spend less than 30min per week remotely managing that one property yourself.

-Ben Scarborough

My future investment partner and I are planning to buy our first property within the next 6 months, but are curious if there are some different ways we could qualify for a loan, putting <20% down. I should mention him and I both live in single family homes and house hacking is not feasible as we both have family and friends who come visit pretty regularly from out of town.

We want to invest locally, but we are in the Atlanta market and homes in the growing/thriving areas here certainly aren't cheap for new investors. That being said, the opportunity to put less down on a property could open the door for us in several more areas than we currently can afford. Please let me know any ideas y'all may have. Thank you for your time!

-Ben Scarborough

@Bill Hampton I now see there is a general December meeting. Thank you!

@Jingru Sui that’s definitely worth looking into. I have only had the house for about a year and haven’t needed to do hardly any rehab so not sure how much equity I could really gain at the moment, but I will investigate!