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Updated over 3 years ago,
Cash out refi on short term rental
Im looking to do my first BRRR, and my first short term rental on a property I just purchased.
Ill have plenty of buffer on my LTV once it's rehabbed, but my DTI will be too high without including any rental income. Ive already spoken to a lender that will consider 75% rental income from a traditional lease agreement. But my question is:
Will any lenders consider future short term rental income towards my DTI ratio, when it comes time for a cash out refi? If no, are there any other creative ways to accomplish this BRRR im not aware of?