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Updated 3 months ago, 10/10/2024
Rental Loans Boost Your Investment Portfolio?
Have you considered using long-term rental loans to finance your properties?
like a mortgage?
- Olympia, WA
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Hey @Charlice Arnold, can you elaborate on what you are talking about?
Like @Trent Reeve said, it sounds like a mortgage to me as well.
- Investor
- Greer, SC
- 14,703
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I am buying all my LTRs with cash that is generated from my other rental income.
STR'S for me are high end vacation rentals and I use mortgages for these.
Quote from @Charlice Arnold:
Have you considered using long-term rental loans to finance your properties?
It says you’re a lender in your description. You might want to elaborate more what you’re suggesting to the public.
I think this is a marketing post, lol. Anyone who replies "yes", expect a private message lol.
Seems like a silly question though. What else would an invvestor "consider" to use to finance their properties other than a "long term rental loan"? Do I have another option? IF so, what is it? Again, I'm sure they were trying to dum up business but maybe didn't think that post through enough.
- Tampa, FL
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Most DSCR are LTR loans and use LTR income to cover the debt but you are free to STR the property if you would like...I think that is what you mean??