All Forum Posts by: Katherine Blazer

Hi Welcome Carlos! My business partner's husband is from Puerto Rico, now he flips and owns a roofing company in Tampa Buy! Let me know if we can help in any way!  

Welcome Jonathan! I am a lender out of St Pete. I have lived in Clearwater as well as Sarasota. I love St Pete. There is always something going on and to do, lots of parks and super dog friendly! Your realtor will have their work cut out for them finding a duplex anywhere around though... they are one hot commodity now. I would suggest starting looking sooner rather than later!

You have a few options. You can connect with a bank, or mortgage loan originator. You will need to collect your SSC and IDs, Current pay stubs & W2's for the past two years, Your tax returns for the past two years, Bank statements for the past two months, Investment account statements for the past two months, Retirement account statements for the past two months. If you currently own any RE you will also need to provide Mortgage account information, Home insurance policy information, Home equity line account information (if applicable). Having all of these documents ready will help you with your process. 

I would shop around for a new lender. A lot of banks do not like short-term rentals, I am not sure if that is the case, and you also need to make sure you are accounting for rental income correctly to count it towards your DTI.

Either way it doesn't hurt you to shop around and a good lender should be able to explain this to you. All lenders are not equal, and some offer different types of loans that others don't. 

Hey Girl! St Pete Investor and MLO!! I work with a fund that may be able to help you, they work with new investors. 

Welcome! Let me know if I can help in any way. I am out of Tampa/St. Pete! 

Hi Diana, Congratulation!! There are 2 parts to your question. 

The first step is talking to local banks, wholesale mortgage brokers, and investment lenders. See what each of their processes and rates are. A lot of banks and more traditional type lenders require season periods of either 6 months or a year. I do know of one that will start the refinance process right away. 

The second portion is the asset value. A lot of banks want to see assets have a value of $100,000. Will you reach that in appraisal after the repairs?

Does the home need work?

Welcome! Its a little warmer down this directs. Tampa/St Pete