All Forum Posts by: Bo A Vanecko

yup been a while...didnt see that... on it...ignore post thx

Hello. Just looking for a few diff lenders to do some comparisons on investor rates for a home purchase in the villages Florida

Will likely have 35-45% down

Pm or respond here and we can chat.

Would love to hear 30 year rates as well as more creative approaches such as 7:1 or 10:1 arms etc.

Bo

Got an investment property in orlando area now that i am looking to pull HELOC to do home renovations/ updates. curious what the market is looking like these days now and expectations on rates / terms etc. looking to get 50-80K. 100K on the highest side but doubt could qualify on debt ratio.

Curious to hear from /chat with anyone who has str in ocala. Curious on an equestrian focused str looking towards the longer stays during spring  and fall showing circuits of wec and hits. 

Anyone have some thoughts or willing to chat on their experiences in this market?

bo

Anyone have a place that they rent out in either TPC Sawgrass or PGA National?

I am looking at getting a place to be used in part for family vacations but also for Golf.  Play a lot of golf :)!  started looking at some places in Florida and saw the TPC and PGA look awesome but wondered if i could still do renting at these places to offset some costing.

my goal is not a super profitable STR (though of course this would be welcome ) but more to offset cost of owning and playing awesome golf and having family have fun but didnt know if places like these saw much in demand from rental side and would make money close to break even?

anyone willing to chat etc would be greatly appreciated.

Best,

Bo

Hello All

I am looking at getting some place in Florida to use as a golf vacation/resort for the family (play a lot of golf ) and have begun looking at places that would be nice vacation spots to bring the fam and play some excellent golf.  private club resorts etc.  

I have been looking closely at the orlando area specifically reunion and champions seem to be big draws with good golf.  Curious to those (saw posts from a few years back on here and will reach out to a few individually) who have invested in the orlando area recently how properties have done etc.  with rates so high right now (clearly would look to refi a few years out when rates drop) and looking to a PM since i am in Colorado, seeing break even as high as 65K income needed etc. 

i have only just started putting numbers together but this is what rough estimates have been.

Curious if anyone has either ongoing experience in these areas or recent experience in buying and if they would be willing to chat a bit on the market and what i can expect on true break even points etc.

for me this is more about equity play and being able to vacation with the family and friends and play good golf than a full blown highly profitable (of course best of both worlds always nice) STR at this point.

Thanks in advance

Bo

Hello All

i have an opportunity to partner on a multiplex in Denver.  I have most of the cash needed to close on it but am short like 50K.  currently we have about 400K equity in our first home.  the rates to get a Cash Out are around 3.2% right now no closing costs.  currently though we sit at 2.875% rate on the main house.  only owned a few years so not that deep into payments etc.

running full 360 months out at current vs after cash out the difference in the life of the loan interest is about 55K or so ... assuming my math is correct running amortization on both scenarios out 360 months, adding up total interest payments etc.

in my head im thinking the long term cap rate gains and cash flow on the property far outweigh the added interest payments over life of loan.  also if we were to make only but a few extra payments every few years from now we'd pay off that extra interest and shorten the loan life to account for the added costs...

with todays rates etc thoughts on this approach?

Hello BP world.  I am just checking in to see if there are any lenders out there with some rates competitive to a 3.625 i currently have on my home in Winter Park CO.  I was curious to see where rates are now and if getting closer to 3.0% is feasible with minimal closing costs. I am also looking at another property as well and would love to see where rates are and potential options etc as it would likely be a jumbo.

ping me here or PM if you're up for a quick chat.

thanks

bo

Was curious if anyone here that is doing STRs in San Diego would be willing to chat either in forum or PM on any cleaners /maintenance (should i choose to do management myself) or PM in the area they would recommend.  I am out of state so would be nice to get a few recommends from the forum here on PMs or cleaner / maintenance.  

thanks in advance

bo 

so I am just thinking out loud here ....

I am closing on a refi on my current primary residence... we purchased in 2016...lived in it now 3 years plus...  I am considering a custom build to move out and rent b/c we can now make about 12% c/c due to the new rate...

curious though, as a refi, is there a "seasoning" period to being able to go this route?  and also getting a new loan on the new custom build, I assume I can then turn around and get a "primary" mortgage rate on that as well?

thanks in advance

bo