All Forum Posts by: William Charles

Hello everybody. I am fixing to finally dive into the STR market by turning one of my previous long term rentals into a STR. I have been following people who do this full time and I have a good understanding of what I need p, however, I can't help but to think I might be missing something. Does anybody have a check list they would be willing to share as far as things that are a must for STRs? I'm thinking furnishings and things like kitchenware and such. Thank you in advance.

Hi William! I have a few STR's in here in San Antonio. Give me a call, I'm happy to walk you through any questions you might have. I help investors with their STR's, I'm a super host as well as a Co-host on Airbnb. (210)971-0090

Thanks Natalie I actually sent you a friend request on Facebook as well. I’m barely going to get started with a light renovation on the unit (I had two full remodels going on last month) so I’m hoping to be going live by the end of august with this STR. I will keep you in mind when I have a question.

0 Votes

San Antonio, Texas

Quote from @Jason Regan:

I have a list I got from the Robuilt channel. It gives you what to buy, prices, and links to buy. I have to say the amazon bed he has on there is amazing. I found it at the bottom of one of his videos and used it on my last STR

I will check it out thanks!

0 Votes

San Antonio, Texas

Quote from @Michael Baum:

Hey @William Charles, this is a very common topic. Just do a search and you will find tons of posts about how to furnish and what to use. Welcome to the fray!

Thank you! I will do that. 🙏

0 Votes

San Antonio, Texas

1 Vote

San Antonio, Texas

Quote from @Nick Belsky:

@William Charles

A few DSCR lenders are competing right along with full doc loans. Keep shopping around or get with a mortgage broker to shop for you.

NWCs add a variable but are still able to be reasonably financed. The LTVs for the Cash Out may be a bit lower compared to SFR or 1-4 unit.

Cheers!

Thank you for the advice!

0 Votes

San Antonio, Texas

Quote from @Andrew Garcia:

Hi @William Charles, you will have to utilize a non-QM loan on this. You have two options:

Option 1: Full Doc. Lower rate but stricter underwriting.

Option 2: DSCR. Higher rate but more lenient underwriting.

There are obviously a lot more differences but, in a nutshell, if you value speed and ease over rate, go with DSCR. If you value rate over speed and ease, go with full doc.

Please let me know if I can be of any assistance.

Thank you for the advice!

0 Votes

San Antonio, Texas

Hello, I could use some advice on my current situation. I’m finishing up renovation on 2 non warrantable condos that won’t qualify for traditional financing. What would be the best loan product to seek to cash out refi?

0 Votes

San Antonio, Texas

All Forum Posts by: William Charles

William Charles has started 2 posts and replied 7 times.

Post: Advice on first STR

Post: Advice on first STR

Post: Advice on first STR

Post: Advice on first STR

Post: Advice on cash out refi on non warrantable condos

Post: Advice on cash out refi on non warrantable condos

Post: Advice on cash out refi on non warrantable condos