All Forum Posts by: David Pearl

Owned for over a year but still working on the STR seasoning. How much seasoning do you typically look for? 1007 required? If so, using market rents or STR?

Thank you however that was a purchase. What i am talking about is a cash out refi. Was it an STR? How many acres? Marked rural on the appraisal? Did you do a 1007? If so did they use STR rents or market rate rents for the DSCR? 80% on a purchase is pretty typical, so i can see how you got 75% on a rural purchase. But cash out is different

I own an Airbnb in a desirable vacation rental market. The area is more rural, however it's a desirable vacation destination and we offer a high end farmhouse retreat experience. I know rural properties can be a little tricky to navigate, but curious what max leverage would look like on a DSCR Cash out refi on a deal like this. Ideally using STR AirDnA projections as well. I own other STR's. Thanks!