What are some good STR loans out there today?

[Juan Zamora]

Hi everyone, I'm looking to jump into the STR game since the market has been crazy. I feel the time is good since theirs fear and people are hesitant because of rates not dropping, thus giving me a opportunity to make this move.

I have a few locations in mind I've been doing my research for STR and running possible numbers but now I need to know what loans are out there? What's the best option with low DP then the traditional 20%..

lastly of you have a awesome lender who is creative and can make it happen, please share contact Info. 

thanks 

[Jonathan Taylor]

@Juan Zamora 10% down loans for striclty investment properties (no owner occupancy allowed) are not a reality any more. If you are buying a second home and qualifying conventionally, then a second home purchase can be done with 10% down. But more investors buying STRs are putting 20% down using STR specific DSCR loans assuming the rents can debt cover. These loans can have an interest only period of up to 10 years and the DSC ratio is calculated using the interest payment not the P and I. These loans are what is working in this high rate, low Long term rent environment.