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 CarpeDiem 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 discusses how wealth is not a zero sum game and explains how we should all be celebrating each others’ financial (and otherwise) successes. He uses his own personal examples of how he has experienced hostility when it comes to sharing his financial growth, and goes more in depth as to how this seems to trend outward into the financial world in general. Very insightful!
We know that the three main avenues of “passive” real estate investment are syndications, funds and REITs. Today, in this example, we’re putting real estate syndications and funds in the same category so the debate is between syndications versus REITs. I’ll explain exactly what they are, and then debate which is better!