All Forum Posts by: William Blaker

This is excellent. We plan on delving into all of this and rounding ZERO corners.

 That makes sense. Thank you so much sir.

Mike Grudzien,

excellent suggestion, obviously. Will do. My wife and I are pretty thorough people that are Uninterested in reinventing the wheel and only want to do it like the top properties. We'll figure out our little niches, if any, down the road. Apprciate al the advice folks, keep it coming please.

We don’t have a place yet. We’ll get one in the fall. Everything is ready to gi funding wise.

Can anyone recommend a comprehensive on when is the best time to set up each item for our first STR? For example, when is the ideal time to hire a cleaning service and handyman? Take photos. List, as well all the other stuff I'm not mentioning here. To save sometime and obtain further knowledge I'd appreciate it. We plan on acquiring our first STR this Fall.
can’t wait, long time coming. Trying to scale as quick as possible so we can concentrate on this and walk away from our W2 jobs. Any info would be massive. 
( Will and Audrey Blaker) 49 years old, bough 3 homes but this will be our first STR and can’t wait to begin our business. We’re all in.

Andrew Street, thank you for addressing the question directly. I feel everyone else was lending their opinion and wasn’t very versed on the laws of “vacation” home. 
I fail to see why you’d still need to spend 14 days a year there once 20% has been paid. The only benefit of having it labeled as a vacation home on the loan is to obtain the 10% down option. Once that is null and void, what could they do when you don’t spend 14 days a year there but the principle has been paid? I’ll speak to a loan officer in person, but thanks everyone.

Thank you Jason. Appreciate the knowledge. Looking forward to learning more and possibly working with you 

Hello everyone, very first post. We're looking to get our first property this year. My question is simple: IF we utilized the vacation home option and put 10% down, does the requirement of staying there 14 days a year go away once 20% of the principle is paid on that loan? Or would we have to refinance and change the terms?

Thank you for your expertise.