All Forum Posts by: Laurie Austin

Hello All,

I'm a Realtor in Austin TX with a great property new on the market that has massive STR potential. Its technically a condo but NO STR restrictions or HOA fees. Walk to the river trail, DT Austin, Rainey St., close to convention center, restaurants and entertainment. Properties on either side of this condo are current successful STR's. This condo has never been an STR. Priced at $1,075,000 3 Bedrooms, Garage, Yard

HERE is a link to the listing and photos.  For more info-contact me!   Laurie Engle/Compass Real Estate/[email protected]

*DO NOT CONTACT OWNERS Directly, Property is currently listed and I am the listing agent.

*DO NOT CONTACT OWNERS Directly, Property is currently listed and I am the listing agent. 

 Absolutely-lets do it!  

 Hi Mitch, 

For residential I would be doing STR so single family would work or duplex.

For commercial I'm interested in biz opportunities, apartments are Ok, no restaurant or bars, retail is good.   

Hello All,

I'm looking for commercial or residential property in the Waupaca, Wild Rose, Iola, Weyauwega, Stevens Point, Manawa, Fremont & Amherst areas in Wisconsin that is off-market, seller financed or sub-to.   If you have anything please feel free to send my way.  

I have a condo in a high appreciating area of Texas that cash flows $100 a month and used to be my primary residence-great loan at 3% on it and about 75K in equity.

I want to buy a home in another state on a lake to STR. My thought was to use conventional financing as my primary residence to get this new property however my income does not qualify me for the amount I need as they are only counting 75% of the income from the condo rental and I'm self employed which means my Adjusted gross ends up being low. Basically I need a much bigger downpayment or adjust my purchase price to buy conventional and keep the condo.

I want to keep the condo but see these as my only options-am I missing anything creative I could do? 

1. DSCR loan on the new lake house property but rates are ridiculously high which cuts in the margins substantially.

2.   Sell the condo take the equity and purchase 1 or 2 properties in the new area.   (least attractive to me)

3. Getting a HELOC is not attractive as the pmt on the condo plus the HELOC pmt would be similar to just doing the DSCR loan... and increases my DTI ratio...

What am I missing-help me get creative here to be able to keep the old property and buy the new.   

Thanks-Laurie