All Forum Posts by: Ed Ventura

Thank you so much for these ideas. This is what I'm looking for. This is my first really big investment purchase, although I've airbnb for 15 years and rented another house that I have, but never to this scale. But this does get me thinking about creative ways to get this done.

0 Votes

Gatlinburg/Pigeon Forge, Tennessee

Quote from @Tanner Lewis:

Hey Ed - this one wouldn't qualify with DSCR if one of the houses is your primary (assuming all are on the same tax parcel). If they are on different tax parcels, I will use DSCR for the non-primary deals and then FHA or UDSA (assuming it is rural) for the owner-occupied one.

Hmm, he said it's not possible to split them up, so I'm assuming they are all the same parcel. My issue is that I don't think I'd be able to qualify without the rental income on my own W-2. And my DTI definitely wouldn't qualify me.

0 Votes

Gatlinburg/Pigeon Forge, Tennessee

I am considering moving my family down to pigeon forge and buying a lot that has 3 houses on it. We'd live in one and rent out the others as STR. the purchase price is going to be around $1.4 million. I have a lot of experience with STRs being a superhost for over 10 years and I believe I can bring in 200k for these houses combined.

Ho wwould you go about the financing for this deal? FHA 5 percent down? I don't have a lot of cash, could probably find 150k to put down.

Doe tthis qualify for a DSCR if on eof the homes is my primary?

2 Votes

Gatlinburg/Pigeon Forge, Tennessee

All Forum Posts by: Ed Ventura

Ed Ventura has started 1 posts and replied 3 times.

Post: Considering 3 house purchase

Post: Considering 3 house purchase

Post: Considering 3 house purchase