All Forum Posts by: Syed Z.
Syed Z. has started 2 posts and replied 3 times.
Hi everyone!
I am a newbie investor. I was looking to rent out my current townhome and purchase a new property out of state. I need financing for my new home, and one of the conditions is I need to find a tenant that will cover my current home liabilities. I got into an agreement with Doorstead due to their "Guaranteed Rent" scheme. They have not been able to find a tenant and just received an email they will no longer be able to give my guaranteed rent. My home is vacant and the closing is in two weeks.
Does anyone know a person who can potentially lease from me with a front-end incentive. This would be a great airbnb rental, as it is in a great location, minutes from the lake, 35 min from Seattle and an hour from the mountains/trails.
Any advice is much appreciated!
Post: Need advice on what to do. Im a Newb.
- Posts 3
- Votes 0
Quote from @David D.:
You will need to disclose to your lender if you cannot find a replacement tenant.
Can you DM me the property address? My thought is if the numbers align one of our client's might be interested in sub-leasing for Airbnb Arbitrage.
Hi David,
Just sent you a DM. PLease let me know if you received it.
Regards,
Syed
Post: Need advice on what to do. Im a Newb.
- Posts 3
- Votes 0
Hi everyone!
I am a newbie investor. I was looking to rent out my current home and purchase a new property out of state. I need financing for my new home, and one of the conditions is I need to find a tenant that will cover my current home liabilities. I got into an agreement with Doorstead due to their "Guaranteed Rent" scheme. They have not been able to find a tenant and just received an email they will no longer be able to give mt guaranteed rent. My home is vacant and closing is in two weeks. What should I do? Should I disclose to my lender?
Any advice is much appreciated!