All Forum Posts by: Rob Allen

Hi all,

I'm curious if anyone in Texas has had success with financing the down payments and/or closing costs of creative finance transactions like seller finance or "subject to", where the lender (owner/bank) would maintain first position in a non-owner occupied investment property. The goal would be 100% leverage by having a medium-term loan (~7 years) underneath the primary mortgage to allow me to scale more quickly. I've talked to lenders who offer short term lines of credit (LOC) or second position for primary occupied only. I have solid cash reserves and existing rental properties for collateral.

Thanks and happy new year.

@Michael Baum and @Kenneth Garrett thanks very much for your input. I'll take your advice!

Hello everyone,

I am preparing to close on a SFH in East Hill, Pensacola that will be primarily a STR. I currently own 3xLTR in Virginia, but I'm new to STR and have a couple questions I'd really appreciate some insight on:

- I've heard of landlords managing their own account via mostly automation programs/apps, but also hiring someone who works remotely for a very small fee to "manage" correspondence and emergencies as they may arise during a guest's stay. Thoughts on this method? It seems to be the best of both worlds. 

-Does anyone in Pensacola have a STR-focused housekeeper or handyman with flexibility and reliability that they'd recommend?

I'd appreciate any insight or advice anyone might have. Thanks in advance.