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Updated 5 months ago on . Most recent reply

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Yael Maroko
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When refinancing a rented property does it have to be serviced by a property manager?

Yael Maroko
Posted

Hi,

I am an out of state investor, currently rehabbing a property which I plan to rent out and refinance in a few months. 

From what I was reading about refinancing requirements - seems like some of them require the property to be managed by a management company. 

Can I self manage this property and still get a refinance? (I have boots on the ground in case needed)

Thanks  

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Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Austin, TX
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Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Austin, TX
Replied
Quote from @Yael Maroko:

Yes, I am referring to a DSCR loan.

OK, so this is something I need to ask the lender as part of my lender due diligence. 


Nope, a property manager wouldn't be required as part of the DSCR Loan underwriting process

  • Robin Simon
  • [email protected]
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