All Forum Posts by: Raymond J. Rodrigues

@Chantell Harris, if you are looking to do short term investing in the Tampa Bay area, I highly recommend that you reach out to @Josh Green. He helps most all STR investors on the BP forums with their STR needs and would be a great person to have on your team! He is an investor, STR property manager, helps with staging and also is a realtor as well! He honestly is a one stop shop.

@Waylon Bruce Moore, I recommend reaching out to @Josh Green for some advice. He is local to the area and can give you some solid guidance. He invests a lot in the area and is also a realtor if you need any possible further assistance from his as well! 

@Ed Ventura, if the property is not zoned as multi-family and has several dwellings on the property, it likely will not qualify for an FHA loan.

@Juliet Silver fellow local here to Miami. It's a pleasure to meet you! I've seen some pretty killer terms for foreign national Canadian loans from RBC bank, if they can meet traditional income qualifications. If not, they may want to speak to a mortgage broker local here in Florida to help expand their options! 

@Roy Jenkins probably best to get a fix-and flip hard money loan. 

@Rafael Ramos if you're looking to make some solid returns and open to short term rentals as you had mentioned, reach out to @Josh Green. He is an expert in the short-term rental space, is an investor himself, run's a STR property management company, and is also one of the best realtors that I know that can provide you with solid guidance when it comes to making investments in the Tampa area. He helps all of my clients.

@Neal Coppola the market is definitely slowing down in that area, much less S.W. FL. I saw my first short sale close by a few weeks ago! 

It could be for various reasons. If you took an FHA loan, you cannot refinance until after the 6th payment. Other reason could be a pre-payment penalty clause, or the lender does not want to inherit an early pay off.

@Brian Scott, you have the option of using a 5% down conventional multi family loan purchase for your next primary residence on up to 4 units. What rate do you have on your current FHA loan? It may not entirely make sense to go from a 30 year mortgage to 15 year mortgage if your debt to income ratio is tight in any sense. With all that being said, you can still pay a 30 year mortgage off in 15 years, not be tied behind a higher payment, and still keep your debt to income ratio fluid. Definitely something worth considering.

Our company has access to a 90% LTV cash out refinance loan for primary residences with no mortgage insurance. It's a niche product.