What It Really Takes to Finance an STR With an SBA Loan with Jamie Folk

On this week's episode, Avery is joined by Jamie Folk, a short-term rental investor who owns properties in New Jersey, Maine, and Orlando, Florida. Jamie shares how he acquired an established waterfront rental in Maine that grossed over $100,000 in his first six months of ownership, then purchased a nine-bedroom, themed Orlando vacation home for $980,000 that brought in roughly $70,000–$80,000 in its first few months. He and Avery discuss why Orlando may offer significant opportunities despite concerns about oversaturation, how to stand out with themed bedrooms and standout amenities, and why negotiating on properties that have been sitting on the market can pay off. Jamie also breaks down his experience financing a rental property with an SBA loan, including the lengthy approval process, and explains why he recommends buying an established rental business with a proven track record rather than starting from scratch.

Connect with Jamie: 

Talley's Corner Properties

https://www.airbnb.com/hosting/listings/editor/1438369068791073881/view-your-space 

https://www.airbnb.com/rooms/1463233960241486611?guests=1&adults=1&s=67&unique_share_id=87228e3a-7279-4ca2-a28c-1800d1939380 

https://www.airbnb.com/rooms/1648835351281876391?guests=1&adults=1&s=67&unique_share_id=471021dd-c32d-46bb-80fd-bd9a926a581c

Connect with us:

The Short Term Shop - https://theshorttermshop.com/
https://stsplus.com/
Follow Avery Carl on Instagram
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Join the Short Term Shop Facebook group
Check out the Short Term Shop on YouTube

For more information on how to get into short term rentals, read Avery’s books:

Smarter Short Term Rentals - Buy it on Amazon
Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties – Buy it on Amazon