All Forum Posts by: Rene Hosman

@Emmanuel Duah Actual DSCR guidelines are pretty strict from my understanding however when I went looking for a DSCR loan for my last project I found a lender here on BiggerPockets https://www.biggerpockets.com/business/finder/lenders and when I explained what the situation was and what I was looking for, they didn't recommend an actual DSCR loan but I got a different type of investor loan that worked out even better

Good that you're asking the right questions here! I just did my first deal with a HML end of last year and it went super great, and it also made me realize all of the ways it could have gone poorly.

Here's what my HML did that made me feel confident in my decision to choose them:

1. They were referred to me by a trusted source - I was referred to them by a wholesaler friend (shout out to @Alex Geesey) . This wholesaler knew that the HML had funded multiple other deals for other local investors

2. The HML was very responsive when I reached out. No matter if you have a mortgage broker, or a HML, whoever is lending you money or helping you get money needs to be really responsive because sometimes you'll need a quick turn around to meet closing deadlines

3. My HML gave me very specific terms and the terms he mentioned on the phone were exactly the same as what was written when he emailed them to me, and he was very clear about ALL of the fees, the points paid at closing, etc. There's a lot of ways for lenders to sneakily add fees of different types, and I don't mind the fees necessarily, I'm paying a fee for a service, but I do mind if they are not upfront about the exact cost so I can budget for it.

4. My HML told me exactly what kind of paperwork I'd need to sign and also gave me a copy of the paperwork ahead of time when I requested so that I could review it with my own attorney before proceeding

Hope that helps @William Matthew Cowgill

I can see Maine should be up soon will inquire on Vermont and NH status and get back to you!! Thanks for sharing your feedback!

I see you're in NH and NH isn't fully covered yet!

 Hey @Angelyn Avignon ! BiggerPockets has a new tool called BiggerDeals I think answers this question for you, if you take a look I'd love to hear your thoughts on it! https://www.biggerpockets.com/listings

 @Harvey Gill Just yesterday BiggerPockets launched BiggerDeals so your question is appropriately timed! Check it out and let me know your thoughts! https://www.biggerpockets.com/listings

🚨 New Tool Alert: Have You Tried BiggerDeals Yet?

We just launched BiggerDeals—a brand new property listings and analysis tool built specifically for real estate investors it includes:

✅ Nationwide MLS listings
✅ Instant investment metrics (cash flow, cap rate, COC return)
✅ Free members can browse listings and see key metrics—customizing the numbers is available with a Pro membership
✅ No spreadsheets required!

Want to try out the full version? You can get 7 days of BP Pro free and unlock all the customizable analysis features 👉 Start your free trial here

This is all part of our mission to make investor-grade tools more accessible—whether you’re analyzing your first deal or your fiftieth.

I want to know - Have you used BiggerDeals yet?
I’d love to hear your feedback:

• What do you think so far?

• What markets are you searching in?

• What features are most helpful—or what’s still missing?

• Any questions or ideas?

Let me know below! We’re excited to keep improving this based on your experience.

I have a family member who is a pilot who was always recommending this to me, it works well if you have a lot of beds, like dorm style 2 beds per bedroom, and maybe 1-2 rooms with double beds for those who want more privacy. Also consider adding some large lockable storage lockers (like hostels have) so people can keep valuables in there while they're away. Also black out curtains, and white noise machines, like most MTRs are good.

You likely won't see one night or one week stays, most flight attendants have a home-base airport, sometimes they live near the home base airport, sometimes they "commute" and have to fly to their home base airport. Either way they usually keep the same base for at least a couple months at a time, they just might not be spending the night at that home base very often. For staff on working layovers, the airline will put them up in a hotel, and that's where most of the one-night stays are but airlines are negotiating that with major hotel chains. 

If you know anyone in the airline industry in Vegas the best way I found to reach flight staff is having someone put up a flier for you in the crew lounge. In nearly every airport there's a crew only lounge/cafeteria area where crew can meet before flights, or rest in between flights, and there's nearly always cork board or bulletin board of some type. Only crew have access to this area though so you'd have to have someone hang it up for you. I'd show 2 photos on the printed flier, one of the common area, and one of a bedroom, have your phone number, the amount you'd charge per bed, maybe a QR code to an online listing with more info. See how much interest you get!

Vegas isn't a hub for many airlines, a lot of those flight attendants are probably doing more regional out-and-back in one day than let's say a flight attendant in Chicago. But that doesn't mean this style couldn't work! 

The benefit of the flight attendants is that it can be hard to start but once the ball is rolling it's fairly easy to keep it going with referrals once you get "in" with the flight attendants. 

The stock market fluctuation has been rightfully making a lot of headlines, and I've been tempted to change my investing strategy even though I am a long-term buy and hold investor (for both stocks and real estate). I have no intentions of retiring in the next ~10 years and I keep trying to remind myself that smart, diversified investments will usually pan out in the long run if you're able to ride the waves in the meantime. 

With Q1 done, I'm curious if anyone has revised their investing plans for the year given the very large waves we've been facing? Or maybe you changed your investing plan for other reasons besides the market? Were you planning to buy a house this year and said never mind? Or maybe you weren't planning to buy a rental this year but now taking your money and putting it in an asset you have a bit more control over seems prudent? 

Let me know what your investing ideas were at the beginning of the year and how/if they've changed!

 What a great and succinct answer! Thank you for this!