All Forum Posts by: David Lowe

@Avery Carl Fascinating. Thank you for your comment and great tips. Can you clarify "in-house" loan? Could you connect me to potential lenders to discuss this? 

@Luke Carl Wow. That is amazing. What type of houses are in demand (1 to beds or 4+ beds for families)? And what kind of STR yields (six figures)?

@Eric P. Fair point. My only thought would be that a city like Gatlinburg would not be on the top of the list for Airbnb travelers and therefore have high vacancy rates. 

@Charles Kao Definitely a strategy that would work but it would take too long. I want to be more aggressive with my STR concept.

@Charles Kao Any suggestions on the "someone"?! That sounds like a viable option. 

@Wendy Schultz What if you show the market average cash flowing (for the city you are going into)? Surely that is sufficient to prove a model for a loan? 

@Julie McCoy Thank you. I will check out Schedule C o E and see if there is anything I can use. I have just come across a few loans that are specifically for short term rental properties. I might go with one of these versus all cash so I can do multiple projects. 

I currently have no salary to show mortgage companies cash flow to get a mortgage approved. I don't want to have to spend $250k cash on a house to use as a short term rental because I want to have multiple projects running with less cash locked in. The STR model is a well proven one and I have data to support the market I am going into. Is it possible to get a US business loan for this? If so, what type of interest rates are you hit with?

@Account Closed If they are so far away, may I ask how this person became a mentor? Austin might be worth a look re: containers. I used to live there and they are fairly open to progressive ideas. 

@Trudy Pachon Es una buena actitud. Si vives en Mexico, aprendas español! Your life will be so much easier and opportunities will appear as a result. The point is that you will be making fairly passive revenue and that is the key to success. I will be testing out the shipping container project and pods inside (like Japanese capsule hotels). I appreciate the support :)