All Forum Posts by: Cory Lucas

Numbers look relatively solid, what questions might you have? Is the $1,279 income rent? 

Wow, if I had $300k the things I could do! Kudos to you for having that kind of cash, I may be slightly jealous

Definitely the STR would be adventitious and a good use of the money in my opinion. We too have been looking into STR's in the Smokies. Lookup the Short Term Shop that's the group you want to be with!

And, um, well if you wanna partner ;) I'm game LOL, I think the $300k would cover the downpayment which is the piece we're struggling with at the moment :-D

Happy investing

Congratulations on making the decision to invest in Real Estate! 

As to your question on a loan I would call around to your local banks and ask about portfolio loans and what their criteria is 

And good to hear you're looking to educate yourself, don't rush the process ;) 

Happy investing 

@Joe Splitrock awesome stuff! Thanks a ton, you always provide some seriously helpful feedback. Thanks for weighing in

@Tim Herman good stuff, I like it

@Jorge Duarte agreed! Thanks for the time and feedback

@Mindy Jensen yep! My thoughts exactly, appreciate the insight. Very helpful

@Cody Lewis fantastic thought! I love it, very tactful. Thank you

@Patricia Steiner fantastic advice and that’s why I started doing it in the first place. Life got in the way a bit and I got behind then it snowballed

@Scott M. Good thoughts, appreciate the insight and yes I need to get back in the habit