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Updated over 2 years ago on . Most recent reply
Short term rental refinancing
Hi !
I have a question…
Can you refinance Short Term property and get the Cash out?
Bought it as a long term rental then converted to STR….
My lender said it’s impossible and I’m stuck for a long game….
Thank you all!🙏
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Robin Simon
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Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
Pro Member
#3 Private Lending & Conventional Mortgage Advice Contributor
- Lender
- Austin, TX
Quote from @Alexei Semenov:
Hi !
I have a question…
Can you refinance Short Term property and get the Cash out?
Bought it as a long term rental then converted to STR….
My lender said it’s impossible and I’m stuck for a long game….
Thank you all!🙏
Not at all - a lot of DSCR lenders will do this refinance no problem, even as a short term rental. How long have you been operating the property as a short term rental?