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Updated 3 months ago, 10/10/2024

User Stats

101
Posts
17
Votes
Charlice Arnold
  • Lender
  • Nationwide
17
Votes |
101
Posts

Rental Loans Boost Your Investment Portfolio?

Charlice Arnold
  • Lender
  • Nationwide
Posted

Have you considered using long-term rental loans to finance your properties?

User Stats

479
Posts
389
Votes
Trent Reeve
  • Rental Property Investor
  • Atlanta
389
Votes |
479
Posts
Trent Reeve
  • Rental Property Investor
  • Atlanta
Replied

like a mortgage?

User Stats

7,778
Posts
6,396
Votes
Michael Baum
Pro Member
#1 Short-Term & Vacation Rental Discussions Contributor
  • Olympia, WA
6,396
Votes |
7,778
Posts
Michael Baum
Pro Member
#1 Short-Term & Vacation Rental Discussions Contributor
  • Olympia, WA
Replied

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.

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Hospitable
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Put Your Vacation Rental on Autopilot! Manage your STRs with ease and save time on hosting.

User Stats

12,202
Posts
14,703
Votes
John Underwood
Pro Member
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
14,703
Votes |
12,202
Posts
John Underwood
Pro Member
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied

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.

  • John Underwood
  • User Stats

    3,296
    Posts
    2,868
    Votes
    Joe S.
    Pro Member
    • Investor
    • San Antonio
    2,868
    Votes |
    3,296
    Posts
    Joe S.
    Pro Member
    • Investor
    • San Antonio
    Replied
    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. 

  • Joe S.
  • User Stats

    986
    Posts
    470
    Votes
    Timothy Hero
    Pro Member
    • Lender
    • United States
    470
    Votes |
    986
    Posts
    Timothy Hero
    Pro Member
    • Lender
    • United States
    Replied

    I think this is a marketing post, lol. Anyone who replies "yes", expect a private message lol.

  • Timothy Hero
  • [email protected]
  • User Stats

    2,210
    Posts
    2,111
    Votes
    Mike H.
    • Rental Property Investor
    • Manteno, IL
    2,111
    Votes |
    2,210
    Posts
    Mike H.
    • Rental Property Investor
    • Manteno, IL
    Replied

    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. 

    User Stats

    2,167
    Posts
    1,714
    Votes
    Andrew Steffens
    Pro Member
    #3 Short-Term & Vacation Rental Discussions Contributor
    • Tampa, FL
    1,714
    Votes |
    2,167
    Posts
    Andrew Steffens
    Pro Member
    #3 Short-Term & Vacation Rental Discussions Contributor
    • Tampa, FL
    Replied

    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??

  • Andrew Steffens
  • [email protected]
  • 813-563-0877