All Forum Posts by: Jayson Cain

Hi @Ken Livingston,
I'm based in Southern California, but I have started my out-of-state real estate journey in Indianapolis. Now, I have a portfolio of Short Term Rentals and Long Term Rentals. I've started looking at Columbus because my business partners have found success doing Mid Term Rentals there and the returns are solid.

I've also helped other investors with their DSCR loans and flip projects in Columbus. Happy to share my experiences and chat with you more if you're interested.

1 Vote

Columbus, Ohio

Hi @Brittany Bagley,
I'm based in Southern California, but I have started my out-of-state real estate journey in Indianapolis. Now, I have a portfolio of Short Term Rentals and Long Term Rentals.

I've also helped other investors with their DSCR loans and flip projects. Happy to share my experiences and chat with you more if you're interested.

0 Votes

Upstate New York, New York

Hi @Brooklyn Hunt,

I'm based in Southern California, but I have started my out-of-state real estate journey in Indianapolis. Now, I have a portfolio of Short Term Rentals and Long Term Rentals.

I've also helped other investors with their DSCR loans and flip projects. Happy to share my experiences and chat with you more if you're interested.

1 Vote

Salt Lake City, Utah

Hi @Roohil Hamid,
I'm based in Southern California, but I have started my out-of-state real estate journey in Indianapolis. Now, I have a portfolio of Short Term Rentals and Long Term Rentals.

I've also helped other investors with their DSCR loans and flip projects. Happy to share my experiences and chat with you more if you're interested.

0 Votes

Cleveland, Ohio

Hi @Jason Sibley,
I'm based in Southern California, but I have started my out-of-state real estate journey in Indianapolis. Now, I have a portfolio of Short Term Rentals and Long Term Rentals.

I've also helped other investors with their DSCR loans and flip projects. Happy to share my experiences and chat with you more if you're interested.

0 Votes

Austin, Texas

Looks great!

0 Votes

Quote from @Sarah Baniewicz:

Quote from @Jayson Cain:

Typically it ranges from 10-20%

Is that 10-20% of the rent cost or how much you cashflow you get?

Monthly rent

0 Votes

When I look at the capex and expenses we have on our properties. Plumbing is the highest.

1 Vote

@Ryan Cretens There were a lot of people! Would love to connect with you

0 Votes

Savannah, Georgia

Quote from @Evan Holly:

Quote from @Jayson Cain:

If you have a history on those STRs and you do a DSCR Loan, you can use the STR income to calculate the DSCR calculation. This will let you get the most cash out possible. You won't need to get a long term lease.

Thanks Jayson! I'm not sure if I'm hearing this right. Are you saying I could get a loan based on the income (as a business), rather than off the appraised value of the home? I know you can do that in multifamily, but did not realize it could be done on a SFH. This could be a game changer if it's true.

@Evan Holly - It probably wouldn't be that high of an LTV for a DSCR Loan. It will be closer to 75%. As far as using the STR income, yes, you could use that income to calculate the DSCR if the property has a revenue history. The valuation is still based on sales comparables in the area, but the difference is that instead of using LTR market rents, you can use the STR income history of the property. My clients with STR experience do this all the time.

0 Votes

New York City, New York

All Forum Posts by: Jayson Cain

Jayson Cain has started 4 posts and replied 405 times.

Post: Hello Columbus! sell me or scare me

Post: DSCR Loans - NYS

Post: Young investor needing advice!

Post: Looking for General Contractor referrals

Post: Refinancing a rental in an LLC

Post: Newest Short-Term Rental

Post: Property Managers for Medium Term Rentals

Post: Which trade job is most beneficial to real estate?

Post: Investing Strategy - Greater Savannah, GA area!

Post: Lender needs a long term lease for refinance - can I lease to my LLC? Other ideas?