All Forum Posts by: Jeff Chisum

12 month history of payments would be fine at my bank

Outside of appraisal and title they keep control of the entire process; processing,underwriting, closing and funding 

DSCR

100% of my business is helping clients with financing to buy vacation homes/STR's. About 90% of my clients use our unicorn 10% down second home occupancy loan. I can help you in Florida. Feel free to send me a DM.

The Schlage Encode is what I’ve had success with.  Easy platform to program guest specific codes.  If in a high humidity area out a moisture absorber in the batter compartment and put it on your cleaners punch list to change out twice a month

https://a.co/d/hjR2Spd

Easiest loan we do. STR financing is 100% of my business. Have done a lot of deals in Broken Bow. Outside of appraisal and title we control the entire process.

@Michael Keffer your strongest position and calculation is when you have a full year where the property has cash flowed

We can use income filed under Sched E once it shows up on a tax return.  Bonus depreciation doesn’t count against your income calculation.