All Forum Posts by: Sean Ross
Sean Ross has started 1 posts and replied 132 times.
Happy to help on any mobile home or park question you might have!! Suntrust/ Truist has always lended on Mobile Homes and Rvs
Parkimagesolutions.com
Post: Market is starting to turn? Boone, Banner Elk, Beech Mountain

- Posts 137
- Votes 115
Enjoy Banner Elk, but it is too far for Floridians. That's why cashiers/ glenville will always remain more popular imo!
no. But list price is not the final price!
Post: QOTW: What are your "hard pass" items when evaluating real estate

- Posts 137
- Votes 115
Saw a SFH with 87 windows.
That would be a hard pass from me!
Post: Is 100% LTV financing real, or a scam?

- Posts 137
- Votes 115
One lender I work with offers 100% LTV, but the minimum is $10,000,000 for non-owner occupied residential. Not sure the gmails are working within the same idea
Post: Trapped Equity in 3 rentals

- Posts 137
- Votes 115
Depends of the lender, but yes they can work as a secondary. The interest is usually variable, as they usually stay on lenders balance sheet. DM me if you want to take a look at the options. I can find out with a little bit more info, minimum $50K
Post: Trapped Equity in 3 rentals

- Posts 137
- Votes 115
Yes, I have portfolio loans and blanket loans that might do the trick.
Rates are going up though across the board
Post: Purchasing a unit inside a hotel

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Stayed at a few , from non name brand to Hiltons.
They are condos that have a front desk and rent out your room . You supply the furniture usually. It is a good way to receive income. I know of one unit in a ski town where it covered the mortgage with 2 weeks a month, and the days you don't want to ski anyways brought it extra cash.
It is like a permeant management company.
Post: Seller financing on a STR condo

- Posts 137
- Votes 115
Doubt they would take no cash down. They could rent it for probably a lot more than 5 to 6%
Yes you are correct on the taxes.
Refinance with what ? What if the market dips ? Doubt it will continue to appreciate enough where your 0% will turn into a refinancable amount . Even a FHA you would need 20% equity
Post: Live-in Flip in Burnsville, MN

- Posts 137
- Votes 115
Crazy, wasn't Richfield farms not to long ago ? ha