Proving Income on a STR New Property
How can I prove to a bank that a property is going to make money based on projected numbers? I think more specifically is it even possible? My thought process is that I do not have the funds to purchase a house but I have a very high credit score and if proving to a bank that a specific property can produce significant cash flow will persuade the bank to loan me the money. I am more than welcome to other suggestions.
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There are lenders that are knowledgeable about short term rentals and their bread and butter are DSCR loans that will take into account projected income. I think it may be against the rules to post specific companies here.