Lenders who use projected/little track record of STR’s to qualify

[Vince Osuna]

Hello!

First post here. Thank you all in advance!

I recently purchased a property in Big Bear City, California in December 2021. The property is a 2 bed, 2 bath setup turnkey for short term rentals. It was renovated from the ground up last year and I’ve jumped through all the hoops of getting it ready and permitted to list as a short term rental. 

I bought this property with my VA loan and I'm looking to purchase another property up to a four unit multi family possibly utilizing my second tier VA loan. I am open to other options for loans/financing but I believe my debt to income is almost maxed out. Definitely here in California. Having Said that, I will need to use the short term rental income to qualify for the next purchase. I am seeking a lender that can use projected short-term rental income or a short history of short-term rental income that I can utilize to qualify me.

I am open to anything that can help me keep the ball moving forward. Thank you all for your input!

-Vince