All Forum Posts by: Mollie Radden

Hi there! I’m a vacation rental investor looking to invest in Scottsdale. Do you recommend a good lender who works well with investors? Thanks!

Hi there! Do you recommend a broker in Scottsdale for buying STR? Thanks!

@Wayne Brooks Key west is one of the top grossing vacation rental markets because they don’t allow very many rentals there so the competition is light. And you can charge a fortune. There are actually 6 units, one is a long term rental. They also already have approved plans to build another home on the property. 

@DeWitt Gibson  thank you so much for reaching out and helping me!  I’m not sure if the seller would be interested in second position or not. I would love to know who your investor is that could loan up to $2.5 million. It would be a wonderful investment opportunity. Feel free to drop me their info. Thank you!  And thank you @Tyler Sullivan I’ll write your name down for the future. I plan on buying a few places down there. Thanks! 

Hi there! Huge BP fan here 👋🏻So I’ve creatively financed a few smaller projects and have gotten pretty good at it. But now I’m looking at acquiring my dream investment, a vacation rental compound in the most perfect place in the world—Key West. I want to move there and run the 5 room rental but I’m not sure how to get such a large loan. 
The property is $4.9 mil. The seller is asking for a 30% down payment and he will finance me the rest. So I need $1.5 mil to put down. The place will probably net between $500k-$800k per year after I get it decorated, marketed, and ran the way I’d like. 
What would be the best way to get this financed? A large bank? A private investor? Would I offer them 30% of the profits in return for their 30% down? I know if there’s a will, there’s a way. I welcome any and all advice. Thanks in advance!