All Forum Posts by: Brooklyn McCarty
Brooklyn McCarty has started 0 posts and replied 1243 times.
Post: STR Property Management Company in Raleigh, NC
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You may be able to market yourself on fb groups specific to this market too. Kudos to you
Post: Air BnB friendly cities in SE FL?
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Be careful with metro markets like this
Post: How to analyze demand for STR in "less popular" cities
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I would avoid all the above markets you mentioned and head for a true vacation market that is driven by tourism with a low hotel presence and a strong STR presence
Post: STR direct booking site needed
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The book direct playbook by mark Simpson is a great book
Post: Building in Las Terrenas
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Ask your agent!
Post: Looking for advice on on cape cod STR
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Quote from @Nicholas Valente:
Little back round on the house. My parents thought they wanted to retire in cape cod. They bought a house in Falmouth closer to the mashpee line. Turns out they hate it. They want to move back to be closer to me and my wife (young kid/growing family). The question(s) are
What does MA require to be able to list your house as a STR or is it per town?
Does anyone have any cleaners they could recommend in the upper cape?
They are in process of purchasing a condo cash right now so I’m looking to move on this ASAP to have it ready by the start of peak season.
For anyone that is thinking “what are your goals” we just want to break even on the house and be able to use it twice a summer
for cleaners, try turno, market specific fb groups, word of mouth
Post: Calling all Debt-to-Income specialists!
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Quote from @Christian Hilbrich:
Property: Airbnb Condo in Montana
Title: in LLC (Bought in 3 partners personal names Chris, Tim & Gabe. Warranty Deed transfered to LLC.)
Loan 1 - Mortgage: guarantors: Chris, Tim, Gabe (Second Home loan 20% down)
Loan 2 - HELOC: guarantors: Chris & Gabe
Mortgage Payments are made from their LLC account directly to the mortgage lender.
Problem: each of the owners DTI is wrecked because Chris, Tim & Gabe can only individually recognize 33% of the yearly revenue, but they are individually responsible for 100% of the debt.
Possible Solution: Mortgage broker told Chris that once you can show 12 months of mortgage payments from the LLC bank account to the mortgage servicers that the total debt no longer hits Chris, Tim, & Gabe's personal DTI, thus their debt to income is favorable and they can qualify for another loan.
Has anyone successfully used this possible solution in the past? Is there something we're overlooking?
Other solutions to fix DTI:
1. Refinance the property into a commercial loan under the LLC (at a worse rate)
DSCR? Is that an option? Just closed on a loan at the end of last year with The Mortgage Shop and had a positive experience and they do DSCR loans inthink nationwide?
Post: Anyone else feeling the market pick up?
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starting to see those early summer bookings roll in
Post: Which Direct Booking Website Tool are the Best?
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Read the book direct playbook by mark Simpson! His team builds websites powered through Wordpress.
Most pms offer a direct site function now too though.
Post: Vacasa stock price dips below $1, in danger of being delisted
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Airbnb, VRBO, booking.com, direct bookings!