The STR Home Financing Podcast

Ep #58 Reigns on DSCR Loosening Oct 02, 2024

Welcome to Episode 58 of the podcast! Today, we’re diving into some exciting updates for investors, especially those using Debt Service Coverage Ratio (DSCR) loans. The reigns on DSCR loans have been loosened, and there are some key changes you’ll want to know about. We’re talking about reduced cash-out seasoning from 12 to 6 months, increased interested party contributions, and new guidelines for gift funds. We’ll also cover how minimum credit score requirements have shifted, changes to maximum loan-to-value (LTV) ratios, and increased cash-out limits. If you're an investor or thinking about expanding your portfolio, this episode will give you the insights you need to take advantage of these new opportunities!

https://www.strhomefinancing.com/

Ep #57 Interview with Gil Chan CEO & Founder of CraftedStays Sep 25, 2024

I’m excited to be joined by a special guest, Gil Chan, the CEO and Owner of CraftedStays. In this episode, we’ll dive into how CraftedStays is providing simple, effective solutions for property owners looking to build direct booking websites. We’ll also talk about maximizing conversion rates and, most importantly, how to become less reliant on OTAs like Airbnb and Vrbo. If you’re a short-term rental host or looking to optimize your business, this is an episode you don’t want to miss!

https://www.strhomefinancing.com/

Ep #56 What Does the recent Fed Cut Mean For You Sep 20, 2024

In today’s episode, we break down the recent Fed fund rate cut – the first since 2020! With the Federal Reserve lowering rates by 50 basis points, we explore what this means for the housing market, mortgage rates, and home equity lines of credit (HELOCs). We’ll discuss how this move could impact borrowing costs, the potential for mortgage rates to drop further, and why now might be the time to act before the market heats up. Whether you’re a homebuyer, investor, or looking to refinance, this episode will help you understand the road ahead. Tune in to get all the details!

https://www.strhomefinancing.com/

Ep #55 Have you had your annual personal fiscal exam? Aug 28, 2024

In this episode, we explore why an annual mortgage review is crucial for every homeowner. As the financial landscape changes, so do interest rates, loan programs, and your personal financial goals. An annual review helps ensure that your mortgage aligns with your current situation and can uncover opportunities to save money, pay off your loan faster, or leverage your home equity. Join us as we discuss the benefits of regularly assessing your mortgage, how the process works, and why staying proactive can make a significant difference in your long-term financial health. Whether you're a first-time homeowner or an experienced investor, this episode will provide valuable insights into maximizing your mortgage strategy.

I am always happy to jump on a call www.STRHomeFinancing.com

Ep #54 Mortgage Lane or Tax Lane with Ryan Bakke Aug 21, 2024

In this episode, we're diving into the often confusing world of second home occupancy loans and how they intersect with IRS rules. Understanding the nuances between lender requirements and tax regulations can be tricky, especially for those looking to invest in vacation properties. To help clarify these complexities, I'm joined by CPA Ryan Bakke, an expert in tax strategy and real estate. Together, we'll break down the key differences, discuss common misconceptions, and offer practical advice for navigating both lender policies and tax obligations. Whether you're a current or prospective second homebuyer, this episode is packed with valuable insights to help you make informed decisions.

https://www.learnlikeacpa.com/store

I am always happy to jump on a call www.STRHomeFinancing.com

Ep #53 Beware of DSCR Lender Advertising Aug 14, 2024

Ever had a DSCR lender tell you that a DSCR loan will not report on your personal credit? Things you should know...

I am always happy to jump on a call www.STRHomeFinancing.com

Ep #52 Transferring Title Aug 07, 2024

Jeff explores the critical topic of title transfers, focusing on its implications for short-term rental property owners. He addresses common concerns about triggering the 'due on sale' clause when transferring property titles to an LLC, highlighting the policies set by Fannie Mae. Jeff clarifies permissible title transfers, emphasizing the importance of maintaining control or majority ownership, and provides valuable insights for mitigating personal risk while maximizing investment opportunities in the short-term rental market.

I am always happy to jump on a call www.STRHomeFinancing.com

Ep #51 Beware of Advertising Jul 31, 2024

My favorite subject? Education clients on the true information around STR financing. In episode #51 I walk through a "marketing" piece designed to steer people towards DSCR. I blow up their efforts.

I am always happy to jump on a call www.STRHomeFinancing.com

Ep #50 Shopping For DSCR Loans Jul 03, 2024

In Episode #50 we cover the key questions to ask when shopping for a DSCR loan

Here are the questions I mentioned when interviewing a DSCR lender

What are your rates, costs, fees and minimum down payment
What ratios are you looking for
What data do you use to prove the ratio
Can you use STR data
Are you delegated with the investor or will the investor be processing, underwrite, order appraisal, close and fund the loan
Do you lock up front
What can change the rate/cost/required down from beginning to end

I am always happy to jump on a call www.STRHomeFinancing.com

Ep #49 DSCR Revisited Jun 26, 2024

DSCR revisited! We walk through the basics of a DSCR loan and what it's used for

I am always happy to jump on a call www.STRHomeFinancing.com

Ep #48 I Don't Want An Escrow Account! May 22, 2024

Crossed the hurdle of verifying you have 80% loan to value with the mortgage servicer? Don't want an escrow account? In this episode learn the next step of taking control of paying your own taxes and insurance.

EP #47 How To Get Rid Of PMI In Less Than a Year May 15, 2024

Fannie Mae policy on removing PMI https://servicing-guide.fanniemae.com/svc/b-8.1-04/termination-conventional-mortgage-insurance

Freddie Mac policy on removing PMI https://guide.freddiemac.com/app/guide/section/8203.2

Fannie Mae loan look up tool https://yourhome.fanniemae.com/calculators-tools/loan-lookup

Freddie Mac loan look up tool https://myhome.freddiemac.com/resources/loanlookup

Ep #46 Can I Use A Property Manager? Apr 17, 2024

Common misinformation in the STR world is that If you are using the second home occupancy loan you can't have a property manager. What's the truth?!

Ep #45 Mindset, Vision and Taking Action Jan 31, 2024

Have goals to purchase a STR in 2024. Hope this episode helps in sharing my journey to change my Mindset which gave me vision and led to me taking action.

Ep #44 Market Update 2024 Jan 24, 2024

New conforming loan limits and what that looks like when it come to structuring the 10% Down Second Home Occupancy Loan

Ep #43 5% Down For A Four Unit Property?! Nov 22, 2023

One of the biggest changes in loan products in the past decade presents big opportunities to build wealth through real estate. Need ideas how to help your grown children to invest in real estate? This may be it!

Always happy to schedule a consult call at www.STRHomeFinancing.com

Ep #42 Market Update Nov 15, 2023

New conforming loan limits announced for 2025 and effective Nov 1st!

Always happy to schedule a consult call at www.STRHomeFinancing.com

Ep #41 Kissimmee Florida with Shane O'Conner Oct 11, 2023

On Episode #41 we get to explore Kissimmee Florida with STR Expert Shan O'Connor. Realtor, Investor, Operator

shane@alchemyreinc.com

www.vacationalchemy.com

IG: vacation.alchemy

IG: oc_dreams19

Always happy to schedule a consult call at www.STRHomeFinancing.com

Ep #40 The Texas Gulf Coast Oct 04, 2023

Episode #40 guest Suzie Austin from the Texas Gulf Coast!

Ep #39 The Kentucky Bourbon Trail with Toni Boer Sep 27, 2023

Ep #39 The Kentucky Bourbon Trail with Toni Boer

Ep #38 Three Most Important Things with HostGpo Sep 20, 2023

Ep #38 Three Most Important Things with HostGPO. Today I interview Jen Sexton with HostGPO about easier ways to getting a property set up with amenities, supplies and continuing consistency of a guest's overall experience.

Ep #37 Three Most Important Things (Part 2 Refinance) Sep 13, 2023

In Ep #37 Three Most Important Things (Part 2 Refinance) I present additional information that should be considered if you plan on refinancing into a lower rate when the opportunity presents itself.

Ep #36 Three Most Important Things with Mark McDaniel Aug 30, 2023

Episode #36 Three Most Important with Mark McDaniel

Catch Mark on his podcast Good Endeavor STR Podcast

Ep #35 Interview with Thanks For Visiting Aug 16, 2023

In this segment of "Three Things You Should Know" I interview Sarah Karakaian from "Thank For Visiting" where she shares three things that can keep you from failing in the STR space.

Be sure to check out what these ladies are doing at

www.tfvcon.com

https://www.instagram.com/thanksforvisiting_/

https://podcasts.apple.com/us/podcast/thanks-for-visiting/id1451872835

Ep #34 3 Most Important Things To Know When Rates Drop Aug 09, 2023

3 Most Important Things To Know When Rates Drop

I am always happy to jump on a call www.STRHomeFinancing.com

Ep #33 Interview With Shawn Moore Jul 05, 2023

Ways to connect with Shawn Moore

https://vodyssey.com/

I am always happy to jump on a call www.STRHomeFinancing.com

Ep #32 10% Down Is NOT Dead Jun 28, 2023

10% Down Is NOT Dead!

I am always happy to jump on a call www.STRHomeFinancing.com

Ep #31 Interview with Mark Simpson Jun 21, 2023

Want to get away from being so dependent on AirBnB and VRBO, etc... to get business? Today is a must listen to episode as I interview Mark Simpson from Boostly.

Ways to connect with Mark

boostly.co.uk/pms

boostly.co.uk

I am always happy to jump on a call www.STRHomeFinancing.com

Ep #30 Interview with Kenny Bedwell Jun 14, 2023

A question I get all the time is "Where are people investing in STR's" my usual response is "Sorry that's not my lane". In this episode I interview Kenny Bedwell, CEO of STR Insights. Kenny explains the three most important things to know when it comes to researching areas and how STR Insights brings a solution to that common question of "Where are the best places to invest"

Want to connect with our guest?

Instagram: @strinsights

Facebook: The STR Data Host

Website: strinsights.com

Ep #29 Interview with Rachel Gainsbrugh Jun 07, 2023

Guest want Luxury when they stay in a property. How do we do that and not spend a fortune? In today's episode I interview Dr. Rachel Gainsbrugh and she share three things you can do to add "luxury" to your STR without breaking the bank.

Ep #28 Interview with Stacey St. John May 31, 2023

In this installment of "Three Things You Should Know" I interview Stacey St John from Female STR Investors. Stacey is an STR Owner, STR Property Manager and Coach. She shares the 3 most important things to have in an STR property.

Facebook Group: https://www.facebook.com/groups/femalestrinvestors

Website: https://staceystjohn.com/

Email: hello@staceystjohn.com

Ep #27 Interview with Brandon Thompson May 24, 2023

The Three Most Important Things to Know when analyzing a deal. In this episode I interview Brandon Thompson who has been in real estate investing for 20 years. Brandon shares his knowledge on what you need to do when looking at buying a STR.

Theliveoakcapital.com

@brandongthompson on Instagram

Facebook.com/brandgt

Ep #26 Interview with Mike Sjogren May 17, 2023

In this installment of "Three Things You Should Know" our guest is Michael Sjogren with STR Secrets. Michael shares why it's important to surrounds yourself with people that have been there and done that. Successfully!

Best ways to get in touch with Michael

www.STRsecrets.com - free resources and trainings
Podcast - Short Term Rental Secrets on all major platforms - https://open.spotify.com/show/36yO9B4IHxbC8Sbhp1hVPK?si=db3c2eae367241f9
Instagram - @the_airbnbguy
FB group - https://www.facebook.com/groups/STRentalsecrets

Ep #25 Interview with Tyler Coon May 10, 2023

In this installment of "Three Things You Should Know" our guest is Tyler Coon with Savvy Realty. Tyler shares why it's important to only work with a Realtor who is an STR Expert.

Always happy to schedule a call and to find more info on my website www.STRHomeFinancing.com

Ep #24 Interview with Ryan Duffy May 03, 2023

Another installment of "Three Things You Should Know". I interview Ryan Duffy from NW Arkansas. Builder, STR Realtor and owner of a property management company. Ryan shares the exciting things going on in NW Arkansas/SE Missouri along with three reason why you should work with a Realtor who specializes in STR properties.

Always happy to schedule a call and to find more info on my website www.STRHomeFinancing.com

Ep #23 Interview with Alex Sabio Apr 26, 2023

My guest on this episode of "Three Things You Should Know" is Alex Sabio from Healthcare Professionals Investing in Real Estate. Alex talks about diversification, exit strategy and return on energy.

Always happy to schedule a call and to find more info on my website www.STRHomeFinancing.com

Ep #22 Interview with Bill Faeth Apr 19, 2023

Another installment of "Three Things You Should Know" I interview Bill Faeth from Build Short Term Rental Wealth. Bill shares some great advice on diversification and analyzing.

Always happy to schedule a call and to find more info on my website www.STRHomeFinancing.com

https://www.facebook.com/groups/284886002732508

Ep #21 Interview with Ryan Bakke Apr 12, 2023

Want to buy an STR? One of your first conversations should be with a CPA that specializes in working with investors. Today I interview Ryan Bakke CPA who share "Three Things You Should Know"

Always happy to schedule a call and to find more info on my website www.STRHomeFinancing.com

Connect with Ryan on Facebook

https://m.facebook.com/groups/taxstrategyforinvestors/?ref=share&mibextid=uc01c0

Ep #20 Interview with Lu Ann Blough Apr 05, 2023

What is a 1031 Exchange? How do you sell Real Estate and not have to pay capital gains? In Episode 20 our guest is Lu Ann Blough with Exchange Resource Group. Lu Ann shares the Three Most Important Things about a 1031 Exchange

Always happy to schedule a call and to find more info on my website www.STRHomeFinancing.com

Want to connect with Lu Ann?

Email: luann@erg1031.com

Phone: 972-863-1031

Facebook: https://www.facebook.com/groups/530580507384295

EP #19 Interview with Chiagozie Fawole Mar 30, 2023

An honor to have as my first guest Dr. Chiagozie Fawole. Wife, Mom, Pediatric Anesthesiologist, Real Estate Investor, Coach

Always happy to schedule a call and to find more info on my website www.STRHomeFinancing.com

Ways to connect:

www.thestrpodcast.com

https://www.workwithme2021.com/strcalculator/

https://www.facebook.com/chiagozie.ononiwu

Ep #18 Special STR Insurance? Mar 22, 2023

In Ep #18 I discuss insurances around the STR space. You don't want to miss it!

Always happy to schedule a call and to find more info on my website www.STRHomeFinancing.com

Ep #17 Scaling Mar 15, 2023

In Ep #17 I discuss the process of scaling. You don't want to miss it!

Always happy to schedule a call and to find more info on my website www.STRHomeFinancing.com

Ep #16 How To Win A Deal Mar 08, 2023

In Ep #16 I discuss what you should do if you want to win a deal. You don't want to miss it!

Always happy to schedule a call and to find more info on my website www.STRHomeFinancing.com

Ep #15 Don't have enough for down and renovation? Mar 01, 2023

In Ep #15 I discuss what you should do if you don't have enough for a down payment an renovation costs. You don't want to miss it!

Always happy to schedule a call and to find more info on my website www.STRHomeFinancing.com

Ep #14 How We Bought Our Second STR Feb 22, 2023

In Ep #14 I discuss how we bought our second STR. You don't want to miss it!

Always happy to schedule a call and to find more info on my website www.STRHomeFinancing.com

Ep #13 When Should I Get Pre Approved Feb 15, 2023

In Ep #13 we discuss the timing of when to get pre-approved and why earlier is better to set you up for success

Always happy to schedule a call and to find more info on my website www.STRHomeFinancing.com

Ep #12 My Realtor Says I Need To Use A Local Mortgage Person Feb 08, 2023

In Ep #12 we discuss why a Realtor would insist that someone use their local mortgage person and why that may not be to your benefit.

Always happy to schedule a call and to find more info on my website www.STRHomeFinancing.com

Ep #11 Identifying The Right Realtor Feb 01, 2023

In Episode #11 we cover the reasons and ways to identify a Realtor who is a STR Expert!

Always happy to schedule a call and to find more info on my website www.STRHomeFinancing.com

Ep #10 Networking For Off Market Properties Jan 25, 2023

In Ep 10 we cover ways to create a network that will lead you to off market deals before they hit the MLS.

Always happy to schedule a call and to find more info on my website www.STRHomeFinancing.com

Ep # 9 How Much Cash Do I Really Need? Jan 18, 2023

In Episode #9 we cover the topic of budgeting for cash resources needed to buy a vacation home/STR.

Always happy to schedule a call and to find more info on my website www.STRHomeFinancing.com

#8 - Creating Your Own Down Payment Bank Jan 11, 2023

How many cups of coffee do you need to skip, how many rounds of golf do you need to forego in order to save enough money so you can buy that dream vacation home/STR property? It today's episode find out why that answer can be ZERO!

#7 - I'm Self Employed, How Do I Buy an STR? Jan 04, 2023

You never fill like you fit in the "conventional" financing box or you want to find faster ways to scale. DSCR may be your solution

Always happy to schedule a consult call at www.STRHomeFinancing.com

Our podcast Is doing a survey to get to know our listeners more! Use this link to fill out the survey!

#6 - Financing To Build A Portfolio Dec 28, 2022

The majority of the clients that I work with are not just looking to buy one properties. Typically we are road mapping how to build a portfolio.

Go big or go home!

Always open for a consult call. Please schedule through my website www.STRHomeFinancing.com

#5 - 10% Down? Yeah I can do that! Dec 21, 2022

Keep more cash in your pocket, you may need it.

Always open for a consult call. Please schedule through my website www.STRHomeFinancing.com

#4 - So Much Bad Information Out There! Dec 14, 2022

What is the truth around the policy for 10% Down Second Home Occupancy Loan?

Always happy to schedule a call and to find more info on my website www.STRHomeFinancing.com

#3 - The Truth About The 10% Second Home Product Dec 07, 2022

My loan officer said I couldn't do that!

The truth from a pro about the 10% down second home loan

#2 - Run to the Market!! Dec 07, 2022

What the heck is a 2/1 buydown and how do I get it?

Make it easy to calculate the sellers concession needed for a 2/1 buydown.

Request through our website www.STRHomeFinancing.com

#1 - Building a Legacy: Sometimes is about what you know Dec 06, 2022

On today's episode, the first episode of The STR Home Financing Podcast, Jeff Chisum sits down to discuss the importance of building a legacy. You don't want to miss this episode!

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