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Updated over 2 years ago,

User Stats

7
Posts
2
Votes
Dave Aheimer
  • Investor
  • Orlando FL
2
Votes |
7
Posts

STR cash out Financing >6 months from purchase <12 month history

Dave Aheimer
  • Investor
  • Orlando FL
Posted

So. I want to get cash out of my STR and buy another STR. I paid cash (600) and I am past the 6-month window for delayed financing. The property rental history is only 2 months. I think the only solution at this point would be taking a bridge loan using the property as collateral until I can get a DSCR in place with 12 months of rental history. Are there other paths that I can consider?

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