All Forum Posts by: Brett Deas

One thing that I do for the guests staying at the property is have a website attached to the wifi where they have to enter their email and then reach out after to put them on the list for the entire list of my company's properties. Through those emails they only show the direct booking and not the online listing. 

To keep it simple, 25% of property value in reserves minimum. Now it depends on the asset class but that is what my standard is. 

For our Tiny home properties we always include 2 or 3 per rental listing. That way you can have multiple people staying in the same rental but not feel cramped. The prices are cheap enough to where it works. 

Just one little bit of advice, Don't use it all at once if you can avoid it. 

Yes it can be done. I have done it. You just have to find the lender who can work with you to get it done. 

I wouldn't rely on interest rates going down. Many people relied on them staying low and now are going under so I would hate to see you rely on them dropping and then never doing so. 

It also depends on what you are trying to do, LTR? If so then that COC% could be acceptable, but anything shorter/ more active then 10% would be nowhere close to worth it for me.

If your worried about it, find another reason to reject any other tenants. Keep asking questions till you get a red flag. 

Well why don't you try it and see. You can try listing (even this far out) and see what traction it gets. Another great thing is you can STR for the 60 days allowed then MTR the rest of the year so you can maximize your profitability.

I am confused by your post. Is he going to lend you for the Buy and Rehab phase of the BRRR? Then it doesn't matter if he likes LTR's or not because you are refinancing out of his loan into something probably more conventional.

Is that correct? 

Once you have a hard finishing date I don't think its a bad idea to list it. It can take a while to get traction for mid-terms on listing sites so as long as you give yourself a buffer between when it will close and when the tenant will move in I think you should do it.