All Forum Posts by: Lyndsay Zwirlein

 What do you think will happen if he runs over his own foot while mowing your property?  Or, more likely, what if he runs over a rock and it launches into somebody's car window.  Or somebody's head?

Yep - ask for the insurance.  

Hello, I'm looking Into expanding my STR portfolio with a condo down in Hollywood Florida, but just found out from my lender these are usually non-warrantable due to more investors owning them than owner occupancy. Although he does have programs for those, they are at 30% down... and as you can imagine the less out-of-pocket the better.

Does anyone know somone or know of any other solutions for non-warrantable properties will less out-of-pocket down payment?

Thank you for any direction around this.

Hi all,

I just had an accepted offer on my second BRRRR in STL. I've been hearing rumors that many banks will not give out cash out refi's at six months? Is there any truth to this?

Thanks,

Kyle

Hello everyone my name is Jason Voskuhl, I am currently being pre approved for a loan. I have a pretty solid lender that is working pretty close with me to finance my first home. I ideally would like to do a brrr on my first personal property, and be able to buy a distressed property so that I can create equity to do more deals in the future. Right now my lender is leaning more towards FHA loan but my question is since FHA is a lot more stricter about the conditions of the home would there be any complications trying to use FHA for distressed properties. Curious to hear what you guys did for your first deal or maybe what you wish you did. Thank you a ton in advance!

Seeking out STR mastermind recommendations... Please drop suggestions below with links to the sign up pages, thank you!

It has gotten increasingly hard to find the kind of property I want on my budget. But my friend is interested in investing and she has about the same amount to put down on a property.  Together, we can double what we can afford on our own and get something people would actually want to rent. 

Neither of us has experience with rental property yet.

Can someone convince me that it is a bad idea for a first-time investors to partner up? Is it better to buy a boring, "uninteresting" property that I can afford and get my feet wet first? Or, is it worth the risk of partnering with another newbie to purchase an amazing mountain property with stunning views? 

Anyone have any takeaways from your own experiences that may apply? Creative strategies, wins, nightmares are welcome.

Nuanced situation. Context:

A house on our family farm is soon to be vacant. My extended family still operates the farm surrounding it.

Renting out as a long-term rental, STR, or medium term rental seem to be obvious strategies; however the family is exasperated from the previous tenant, an aunt w mental health issues who has lived there for free since my grandparents died. Also, they can be a bit fussy about minor issues impacting their farming operations…reasonable people, reasonable gripes, but a bit tunnel visioned about operational stuff…small but legitimately annoying stuff like unintentionally parking somewhere that blocks their equipment ingress/egress; driving too fast down their long gravel lane, which makes dust, throws gravel out of place, leads to potholes that become rain puddles, and legitimately increases the $ they have to spend on gravel. Classic examples of important farmer stuff town people don't think of…

I have no ownership interest in the property. I visit the area 3-5+ times/year and have been looking for creative strategies, including STR, to invest there that could offer lodging for my wife, kids and dog when we visit.

I’d really like to come up with something that makes the the owners some $ and keeps the house from being neglected. They don’t need the money but would like to keep the house from falling apart.

Any ideas?

I’m looking into investing in STRs in Myrtle Beach. Can anyone tell me if they have experience with owning and renting a unit in a “condotel”, good idea, bad idea, why?

Also, is it better to be near the beach or near golf?

Thanks in advance!