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Updated about 1 year ago,
NEW to BP, looking for advise/mentorship
Hello, I am quite green to RE investing and I am looking to expand further. Brief background I own my primary home in MA and a Vacation/STR in Vermont near ski resorts. I was able to finance the VT home with a low interest rate conventional loan. Our first year we did quite well with the STR in VT which paid the mortgage for the year and then some. I have recently come across a cheap lake front home that needs to be demolished and rebuilt completely. I am looking towards a DSCR loan to finance the project using STR/mid term income in fall/winter (college nearby) and I'm hoping someone can steer me in the right direction what my best loan option is. Also something to note is both VT/MA homes are under my name alone, my wife has no properties in her name. Thank you