All Forum Posts by: Jonathan Stevens
Jonathan Stevens has started 24 posts and replied 75 times.
Post: Looking for insight into purchasing and operating a campground!
- Rental Property Investor
- Attleboro, MA
- Posts 80
- Votes 56
Quote from @Michael Baum:
Hey @Jonathan Stevens, nice idea, but it is a business you are buying in total. Not just the land etc.
Things like DSCR loans will not work with this. You will have to go with a commercial loan or preferably a SBA loan.
The process is pretty long to buy such an entity. We looked at buying and existing Bed and Breakfast years ago and decided not to move forward as we couldn't really relocate easily. There was a lot of paperwork and stats to track down. It is doable, but be ready for the trek.
Post: Looking for insight into purchasing and operating a campground!
- Rental Property Investor
- Attleboro, MA
- Posts 80
- Votes 56
Hey everyone,
I currently own an STR in Tennessee but I have always wanted to own a campground and add glamping sites to it. I'm looking to connect with experienced investors who know how to analyze these deals and manage operations.
I am currently in discussion with an owner of an existing campground in NH.
Thanks!
Post: Southeast MA Investors!
- Rental Property Investor
- Attleboro, MA
- Posts 80
- Votes 56
Hey everyone! I'm from Attleboro and looking to connect with other investors from the area.
Post: Heloc on Heloc on Heloc forever?
- Rental Property Investor
- Attleboro, MA
- Posts 80
- Votes 56
Quote from @Julie Asmussen:
@Don Konipol. Which lenders will do this?
How long before I have to pay the principal back ?
Thanks so much !
I was told that with mine I had 20 years.
Post: Primary house in Attleboro
- Rental Property Investor
- Attleboro, MA
- Posts 80
- Votes 56
Quote from @Shashank Reddy:
Hi, I am looking to purchase my primary house and potentially turn it into a rental later in Attleboro Ma, but seeing a lot of old houses and really thinking about house appreciation and safety in the downtown. Will it be a good investment? Appreciate any help.
Welcome to the area! I actually live in Attleboro. I purchased my home 5 years ago and have seen it appreciate a lot since then. Your numbers have to make sense if you are planning on running it as a rental down the road. With these older homes comes larger CapEx.
Post: Calculating DTI from W2 and STR
- Rental Property Investor
- Attleboro, MA
- Posts 80
- Votes 56
@Brian G. I actually used Parker to secure the loan on my current STR haha. She was great.
Post: Calculating DTI from W2 and STR
- Rental Property Investor
- Attleboro, MA
- Posts 80
- Votes 56
@Sergey A. Petrov thank you for the input. I'll be reaching out to my lender.
Post: Calculating DTI from W2 and STR
- Rental Property Investor
- Attleboro, MA
- Posts 80
- Votes 56
@Paul Defngin thank you for that input. Yeah I was looking to see what my options are for both areas.
Post: Calculating DTI from W2 and STR
- Rental Property Investor
- Attleboro, MA
- Posts 80
- Votes 56
I am trying to calculate my DTI and am unsure if I should be adding in gross revenue from my STR that I have owned for less than a year. Not sure if I can add this in to lower my DTI or not.
Post: Short Term Rental Mastermind Groups
- Rental Property Investor
- Attleboro, MA
- Posts 80
- Votes 56
Everything I learned while starting out came from @Luke Carl , Avery Carl and Rob Abasolo. You are in a great place to learn everything you need.