The STR Home Financing Podcast

In this episode, What Else Should I Be Asking?, we unpack two often-overlooked yet critical topics that every short-term rental investor needs to understand before buying their next property. First, we dive into the importance of local regulations and zoning laws—how they can make or break your investment and why you must do more than a quick Google search. Then, we break down the financing side o...

In this episode Jeff revisits the topic of the mortgage pre-approval process. Jeff explains the timing behind revisiting this topic, noting the busy period his team has been experiencing, resulting in potentially recording their third best month ever. The episode highlights the importance of the pre-approval process in today's market where opportunities abound, including more listings, price reduc...

Funding your short-term rental or vacation home isn’t just about having cash in the bank—it’s about knowing where your money can come from. In this episode, I’ll break down the acceptable sources of funds for financing your STR, including savings, gifts, equity from other properties, and even creative strategies that many investors overlook. Understanding these options can make all the difference...

Looking Back to Move Forward – STR Home Financing Strategies In this episode, we’re taking a step back to leap forward. I’ll be diving into why reviewing your past moves in short-term rental ownership is the key to unlocking bigger wins in the future. We’ll talk about how adopting an Elon Musk mindset—committing to solving your biggest problem—can transform your investment strategy. Plus, I’ll bre...

In this episode of STR Home Financing with Jeff Chisum, we dive into two powerful strategies that can help you maximize cash flow and minimize out-of-pocket expenses when purchasing a short-term rental: seller concessions and cosmetic appearance allowances. Jeff breaks down how negotiating seller concessions can significantly reduce your out of pocket for closing costs, allowing you to allocate mo...

🚀 BIG TAX NEWS for STR Investors! 🚀 In Episode 62 of STR Home Financing, we’re diving into the history of the short-term rental (STR) loophole and its powerful impact on bonus depreciation. We’ll break down: ✅ How the 2017 Tax Cuts and Jobs Act created this game-changing tax advantage ✅ Why the bonus depreciation benefit has been phasing out since 2023 ✅ The exciting possibility that the Trum...

In this episode of the STR Home Financing Podcast, host Jeff Chisum kicks off the new year with a timely discussion on mindset, goal-setting, and taking actionable steps toward your dreams. Jeff reflects on "National Quitters Day," observed on January 10th, when many people abandon their New Year’s resolutions. Instead of resolutions, Jeff and his wife focus on setting meaningful, sustainable goal...

In this groundbreaking episode of STR Home Financing, we dive into what could be the most significant development for investors and second-home buyers in recent history: the removal of the PSPAs (Preferred Stock Purchase Agreements) that capped Fannie Mae and Freddie Mac's ability to purchase investment property and second-home loans. This change opens new doors for financing opportunities, offeri...

In this episode of STR Home Financing, host Jeff Chisum sits down with Dr. Rachel Gainsbrugh, founder of Short Term Gems, to explore her journey in the short-term rental (STR) industry. Dr. Rachel shares insights into her involvement in the STR community, her recent television appearance, and how Short Term Gems assists property owners in streamlining rental management through effective systems. S...

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...

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 rent...

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...

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 dis...

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...

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

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, a...

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

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, cl...

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

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.

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

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?!

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.

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

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