All Forum Posts by: Germán Rimoldi

I'm planning to purchase an investment property and would like to understand the typical down payment requirements. I've heard that the down payment percentages for investment properties can be higher compared to primary residences.

Specifically, I'm looking for insights on:

1. The typical down payment percentages required by conventional lenders for investment properties.
2. Any differences in requirements for single-family homes versus multi-unit properties.
3. Experiences with different lenders and any recommendations for those offering favorable terms for investment properties.
4. Any tips for negotiating better terms or finding lenders with more flexible down payment options.

For context, this will be my second property, and I have a good credit score and a stable income. Any advice or shared experiences would be greatly appreciated!

I purchased a plot of land in Woodland Park with the intention of developing a pre-fabricated design to rent out on Airbnb. While I have enough capital to complete this initial project, I lack the funds for subsequent developments.

As I build equity with this first property, but face a shortage of capital for future endeavors, I'm considering my options with the bank. What would you suggest?

Hello Everyone, 

I'm excited to share that I'm currently developing a Mirror Cabin complex comprising 21 units for Short-Term Rental purposes.

To support this endeavor, we've initiated a crowdfunding campaign with the aim of covering 15% of our construction costs. You can find the campaign details here.

I'm curious to hear about your experiences with crowdfunding. What strategies do you recommend to optimize results?

Let's start this conversation.

Has anyone used this method to to sell the house at profit? 

I've been researching a market with a high demand for short-term rentals (STR) and favorable regulations.

Despite a competitive landscape, my strategy involves installing a unique design or pre-fabricated home on the property to make it stand out on Airbnb.

I've identified a parcel of land priced at $70,000 and a pre-fabricated model I'm interested in, which costs $42,000. To complete the project, I'll need to engage a local contractor for foundation work, septic system installation, and electrical setup.

1. Do you think this is a good approach?

2. Are pre-fab homes a viable option for obtaining a mortgage on the property in the future?

3. After completing my first construction project, how can I collaborate with the bank to leverage funds for subsequent builds?

So far, for handwritten letters, I've found:

lettrlabs.com

handwrytten.com

do you have link for your service?

Hello,

Are there any services that you would recommend for sending multiple postcards or letters to generate leads for off-market deals?"

Quote from @Kristine Hodges:

Are you familiar with Estes Park?  There are several key factors that may be influencing those numbers. Estes is a very seasonal location.  ADR and occupancy rates will fluctuate wildly depending on the month and can be hard to compare.  

Many properties, especially cabins, ranch style, and some “design” style properties may not be rentable during winter months if they are not fully insulated and heated properly.  

Also, almost every property in Estes is marketed as “amazing views” since it is right in the valley of Rocky Mountain National Park.  It’s hard to find a house without a view of some kind.  So that word is not a very strong differentiator.  

How do you decide what criteria to use for your analysis in each market?

 Hi Kristine! I agree. "Amazing views" is ambigous and up to the listing creator. 

Quote from @Colleen F.:

@Germán Rimoldi  Its an interesting strategy to use a tool like this and I think will vary by area.  I think if you analyzed Pigeon Forge where "cabin" may mean an entirely different thing then the area you analyzed you will get different results.  Also alot will depend on sample size.

 I will research this area. Thank you Colleen.