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Updated over 3 years ago on . Most recent reply

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61
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10
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Chris Bluem
10
Votes |
61
Posts

STR Loan / Refi Question

Chris Bluem
Posted

Hi! How have you all gotten around DTI without a formal lease in place. I am looking to purchase a property, I have purchased 2 this year that are now STRs, so I don't have a 12mo lease in place and I don't have a years of schedule E taxes?

Anyway around this huddle? Thanks! Also looking for great flexible lenders if you have recommendations as I would like to build a relationship with one (I am in FL).

Most Popular Reply

User Stats

61
Posts
10
Votes
Chris Bluem
10
Votes |
61
Posts
Chris Bluem
Replied

Has anyone created an LLC and created a long term lease between you and the LLC, and have STR revenue go to the LLC and then make lease payments to yourself? Would this get passed underwriting?

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