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Updated 12 months ago on . Most recent reply

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STR rental investing

Nicole Lockwood
Posted

are there any advice or tips on how can invest in STR properties in florida with bad credit?

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Matthew Crivelli
  • Lender
  • Massachusetts
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Matthew Crivelli
  • Lender
  • Massachusetts
Replied
Quote from @Nicole Lockwood:

are there any advice or tips on how can invest in STR properties in florida with bad credit?

It's going to be very difficult to secure an investment loan on a STR with bad credit. You should look for a partner, that would be the easiest way. With commercial real estate mortgages you can use an LLC and have the partner with better credit sign for you. You should still expect to be bring down at least 20% down payment even with a value add situation if you are new to the game.
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