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#169 with Jonathan Farber: Why Short Term Rentals Are The Best Strategy to Scale & Debt to Equity Tips
Millennial Millionaire Real Estate Podcast
English - February 05, 2021 19:33 - 17 minutes - 31.4 MB - ★★★★★ - 56 ratingsInvesting Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In this episode, Jonathan Farber reveals some of his recent critical revelations for accelerating your portfolio with maximized returns. In this episode, we dive into topics like: the best way to get short term rental loans, limiting the debt in your name, and more!
Top Takeaways:
Intricacies of short term rental mortgages - 1:45 - 9:45
The basic concept is getting a second home loan to buy the property then get high returns
The downside to this loan type is they only show as debt, with no income initially
The power move is to get an investment loan with an STR appraisal
Using your entities to limit your personal debt - 12:45 - 16:00
If you don’t own the building, you don’t have the mortgage to impact your DTI
The earlier you create a business entity, the more time you have to develop its record
Strategically positioning the ownership of your assets can free up more debt to work with
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