As you know, as part of the PhREI network, we decided to start a weekly roundup to share new activity from across the network. Enjoy!
Ian Cook of Carpe Diem MD discusses how to finance your short-term rental property. He suggests 10% down, and goes over conforming versus non-conforming loans. He details Freddie Mac and Fannie Mae second home eligibility requirements as well. There’s a lot of good information in this post that will help you learn more about financing in general, and especially when it comes to second home-buying.
Daniel Shin of the Darwinian Doctor gives quarterly reports on his real estate empire, as you may know. In this post, he discusses his 3.25 years of growth and how his rental empire hit $325k of annual gross income through a combination of long-term and short-term rentals. Impressive!
Awhile ago, I was a guest on a podcast and got asked if there was such a thing as a poor plastic surgeon. Swap out the words “plastic surgeon” with “physician” in this case. This is a very valid question with a very valid answer. Let’s talk about it!