Seller Financed Home - looking to do DSCR loan or is there something better?

[Majdi Chowdhury]

Hi guys, I purchased a home with seller financing last year and did some renovations. It will be going up for rent this week. I have about $120k left on seller financed loan and the house is worth $280k. What's my best way to get cash out of the house? 

[Tanner Lewis]

It looks like DSCR would be the best option if you recently renovated it and have it rented out/about to be rented. Conventional would work too, but you would have to wait at least a year on seasoning, DSCR is only 6 months. Happy to connect if you want to look at it as DSCR