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Updated 5 months ago on . Most recent reply
Short Term Rental Loans
Hi all, I'm thinking about getting into the STR market. Just wondering about how to acquire a STR loan. I'm assuming it will be a DCSR type loan. Is there anyone who could recommend a lender? I'm based out central Mass.
Thanks in advance,
Jim
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River Sava
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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River Sava
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- USA
Hey James -
You're right, a DSCR loan can be a great option since it focuses more on the property's income than your personal income. There are a few different ways to go about it depending on your goals and property type. I'm actually from Newburyport and would love to connect if you're interested. Sending you a dm!