All Forum Posts by: Jesse R Wien

We can do 15% and then we have a program that is 80%, but allow for seller carrybacks up to 10%

I think we need more to the story, but normally on DSCR loans we need 20% and 2+ months in reserves. If it is a cash out loan, the cash you receive can be your reserves. I do DSCR loans and live in AZ, so feel free to reach out if you want to talk

I financed a 10 bed 4 bath padsplit property.  Happy to help!

I was looking for feedback from people that have purchased from either of these companies.  Good, bad, ugly, I am curious to hear about it.  Thanks! 

I know David Greene has said that no partners is best, but here I am.  I have a partner that wants to work with me.  He has strong capital, so I am willing to try to make something work.  Any clue how we write up an operating agreement that makes him feel comfortable with me being able to make more decisions and get things done without him, but also doesnt make him feel like he's just wiring over money and handing over the keys?  We just split a property now, we only own a pretty basic single family home at the moment on more trust and handshake for the time-being, but I know as I want to leverage his cash and ask for more, he is going to want to have things laid out in more detail that make him more comfortable with the arrangement.  Any suggestions?  Also, if he is providing capital I have been told to write a shareholder's note.  Is that what other's have done or have him write a mortgage on the property directly?

Quote from @Chris Gomes:

Hi all, what is the best way to go about finding a good manager or arbitrage tenant for short term rentals in smaller markets that do not have as many STR's in them?

I’m looking into this too. I bought a rural piece of land on water I’m looking to make a cabin in northern WI. I’m no expert but I’ve been just looking at all the Airbnb/vrbo listings in the area and seeing if the seller is a management company or individual then googling the management company. I found one that seems like they had a few nice ones, but they charge 25%, which is more than the 18 and 20% I pay at my other two. Since I haven’t built yet, I have time, but I know this will be a challenge for this property