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Updated about 1 year ago on . Most recent reply

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Justin Landry
4
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4
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NEW to BP, looking for advise/mentorship

Justin Landry
Posted

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

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River Sava
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • USA
1,967
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1,920
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River Sava
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • USA
Replied

Hey Justin - I am from Newburyport and live part time in Seaport. I work with a lot of investors in the area. Sending you a dm so we can connect!

  • River Sava
  • [email protected]
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