All Forum Posts by: Stephanie Walker

What state?

I manage MTRs in the Charlotte area and while I’d love to house and host traveling nurses, their stipend is low around here too. The inquiries we get are about half of what we can charge and they often come in at or lower than unfurnished LTR prices. Our market is filled with digital nomads, construction workers, contractors, and insurance claims.

I'm a local agent/brokerage owner in the Charlotte market. I actually also own and manage MTRs in this market. I'd love to connect!

HELOC is the better option here if you still live in the property. It's tough to find a bank that will allow a HELOC on an investment property.

However, on paper, it's risky. Make sure you run your numbers conservatively and that you still cash flow. How long will it take to pay off your HELOC? Do you have liquidity outside of the HELOC if you needed to float the payments for 2-6 months?

If it’s a great deal, I’d go for it. But the numbers have to work. 

I’d be interested in seeing the listing!

DSCR loans are based off of your credit score, down payment funds, reserves (6-12 months typically) and a "debt service coverage ratio" of 1x-1.25x. Definitely a great option for someone in your position!

Let’s connect!!

I manage MTRs in the Charlotte market. Most of them are doing fantastic but we have 2 properties that are located in areas that are over congested with competition. I’m seeing a handful of furnished listings go up for sale on a daily basis. I’m seeing individuals (especially those with arbitrage units) sell off their furnishings on a daily basis. 

I like what you’re thinking! I own my firm in Charlotte, am an active investor here and manage MTR properties. Charlotte’s been a gold mine in the MTR space. I’m curious why you’re looking into OH. My fiance/business partner is from OH and refuses to invest there for a myriad of reasons. However, like you, I see potential. I’d love to connect!

@Jon Puente is your guy!