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Updated about 3 years ago,
Natalie Gelbke-MattisPoster
Property Manager
Pro Member
- Rental Property Investor
- Cleveland Ohio
- 4
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funding options for a profitable vacation rental on leased land
I have an opportunity to purchase a very successful vacation rental in Ohio, however i have two hurdles to overcome. 1. my DTI may be a little too high (self estimated at 47% with new proposed loan amount).
2. The property is located on Leased Land therefore doesn't qualify for a traditional conventional mortgage.
Any Asset based lenders out there that would consider this deal? Any guidance will be super helpful